One Mobikwik Systems Limited has informed the Exchange about the granting of Certificate of Authorisation to operate as an Online Payment Aggregator to Zaak ePayment Services PrivateLimited (material subsidiary of the Company) from the Reserve Bank of India
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One Mobikwik Systems Limited has informed the exchanges that its material subsidiary, Zaak ePayment Services Private Limited, has received a Certificate of Authorisation from the Reserve Bank of India to operate as an Online Payment Aggregator. This regulatory approval allows the subsidiary to formally conduct online payment aggregation business under RBI's framework. The certification marks an important compliance milestone for the Mobikwik group's payments vertical.
This is a positive development for One Mobikwik Systems as it strengthens the regulatory standing of a key subsidiary, enabling it to scale its online payment aggregation services legally and potentially boosting future revenue from this segment.