In-Principle authorisation to operate as a Payment Aggregator - Physical under the Payment and Settlement Systems Act, 2007 received from the Reserve Bank of India
MOBIKWIK · price
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One MobiKwik Systems Limited has received in-principle authorisation from the Reserve Bank of India to operate as a Payment Aggregator - Physical under the Payment and Settlement Systems Act, 2007. The approval was issued on May 25, 2026 and does not have an expiry date. This regulatory authorization enables the company to pursue business expansion in the offline merchant segment, which was previously not available to them. This represents a significant regulatory milestone for the company, opening up a new business vertical.
The RBI approval is a positive development as it allows MobiKwik to diversify into offline payment aggregation services, potentially expanding its revenue base. This could be favorable for shareholders as it opens a new growth avenue for the company.