Press Release

Regulatory Product ApprovalGuidance RaisedBusiness Updates View source PDF

MOBIKWIK · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+4.6%1-day move

₹191.28

prior close

₹203.49

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.1+0.3+0.1-1.1+4.6+2.0+1.1+1.4+1.6+1.4+3.6+4.6+7.2—

Up moveDown movePending

AI summary

MobiKwik has received in-principle approval from RBI for Payment Aggregator - Physical (PA-P) license, enabling the company to expand its offline merchant payments business across India. The company already supports 4.9 million merchants through UPI QR, Soundbox, and EDC machines. MobiKwik aims to achieve 10X growth in merchant business by FY28, focusing on small businesses, oil & gas outlets, and organized retail segments. The offline merchant payments GMV opportunity in India is estimated at USD 1.8-2 trillion by FY28. The PA-P license strengthens the company's omnichannel capabilities alongside its existing Payment Aggregator - Online license through subsidiary Zaakpay.

Likely market impact

The RBI approval is a significant regulatory milestone that positions MobiKwik to capture a large under-penetrated market opportunity in offline merchant payments. The company's 10X growth target by FY28 signals strong growth ambitions and could be positive for shareholder sentiment.