MobiKwik bags RBI nod for offline merchant payments push
RBI's in-principle Payment Aggregator-Physical licence lets MobiKwik chase offline merchants, stacking on April's NBFC win. Q4FY26 swung to Rs 4.4 cr profit from Rs 56 cr loss; revenue Rs 288.7 cr, up 7.8% YoY, even as FIRs cloud the Xtra P2P product.
MobiKwik received RBI in-principle approval for a Payment Aggregator-Physical licence, enabling expansion into offline merchant payments. Follows April NBFC licence win. Company returned to Rs 4.4 crore profit in Q4FY26 despite FIRs over P2P lending product MobiKwik Xtra.
Why this matters
PA-P licence stacks on MobiKwik's April NBFC approval, broadening its regulated footprint from online payments and lending into offline merchant acquiring, even as Xtra P2P FIRs weigh on sentiment.
Retail-company signals steady at 1,212 over the past 90 days.
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