Mobikwik gets RBI nod for offline payment aggregator licence

Mobikwik Systems secured RBI's in-principle nod for a Payment Aggregator-Physical license, paving the way for offline merchant payments. This strategic move, following an NBFC license, targets signif…

Mobikwik Systems secured RBI's in-principle nod for a Payment Aggregator-Physical license, paving the way for offline merchant payments. This strategic move, following an NBFC license, targets significant growth in under-penetrated markets, aiming for 10x expansion in its merchant business by FY28.

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MobiKwik Gets RBI’s In-Principle Nod For Offline Payment Aggregator Licence

Listed fintech major MobiKwik has received the Reserve Bank of India’s (RBI) an in-principle approval to operate as a payment…