One Mobikwik Systems Limited has informed the Exchange regarding a press release dated November 11, 2025, titled "MobiKwik pioneers Instant Forex purchase in partnership with NBBL".
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MobiKwik has announced a new service enabling instant forex (foreign currency) purchase through its platform, in partnership with NBBL. This positions MobiKwik as a pioneer in the instant forex purchase segment, leveraging NBBL's infrastructure to offer this facility to users. The move marks an expansion of MobiKwik's fintech offerings beyond its existing digital wallet, UPI, and lending services into the cross-border payments and forex retail space. NBBL (NPCI Bharat BillPay Limited) brings its pan-India bill payment and distribution network to the partnership, which could help MobiKwik reach a wider user base quickly.
This new vertical can open an additional revenue stream for MobiKwik through forex margins and transaction fees, potentially improving monetization per user. For shareholders, it signals business diversification, though the actual financial impact will depend on adoption volumes and regulatory traction in the retail forex segment.