One Mobikwik Systems Limited has informed the Exchange about granting of In-Principle authorisation to operate as a Payment Aggregator - Physical under the Payment and Settlement Systems Act, 2007 from the Reserve Bank of India.
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One MobiKwik Systems Limited has received in-principle authorisation from the Reserve Bank of India (RBI) 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 clearance will allow the company to expand its business into the offline merchant segment. This is an in-principle approval, meaning the company has cleared a key regulatory hurdle but may need to fulfil certain conditions before receiving final authorisation.
This regulatory approval is positive for the company as it opens up a new business vertical in offline payment aggregation, potentially expanding their revenue streams. It strengthens their position in the digital payments ecosystem and removes a key regulatory barrier for their physical merchant business expansion.