MobiKwik has received in-principle approval from the Reserve Bank of India (RBI) for a Payment Aggregator–Physical (PA-P) licence, giving the fintech firm a regulatory foothold to expand its payments business among offline merchants. Once the final licence is granted, the company will be able to b

MobiKwik shares soared 8% after receiving in-principle approval from the Reserve Bank of India to operate as an offline payment aggregator under regulatory guidelines.

One MobiKwik Systems shares surged after the company received in-principle RBI approval for its Payment Aggregator-Physical licence, strengthening its offline merchant payments…