MobiKwik Wins RBI In-Principle Nod For Offline Payment Aggregator Licence
RBI's in-principle PA-Physical approval clears MobiKwik to onboard offline merchants directly, complementing Zaakpay's online PA licence and a recent NBFC nod. CEO Bipin Preet Singh is targeting a 10x merchant business by FY28. Shares rose 3.7% to ₹198.40 on the news.
MobiKwik received RBI in-principle approval for a payment aggregator-physical (PA-P) licence, enabling expansion into offline merchant payments. CEO Bipin Preet Singh targets 10x merchant business growth by FY28. Follows recent NBFC licence and Zaakpay's online PA approval.
Why this matters
The offline PA nod complements MobiKwik's online PA licence via Zaakpay and its recent NBFC approval, building a stacked regulatory base for an omni-channel merchant push targeting 10x growth by FY28.
Omni-channel activity steady with 135 signals in the last 90 days.
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