Regulatory26 May 2026, 12:32 pm
Mobikwik Gets RBI Nod for Payment Aggregator - Physical
AI Summary
One Mobikwik Systems Ltd has received in-principle authorization from the Reserve Bank of India (RBI) to operate as a Payment Aggregator - Physical under the Payment and Settlement Systems Act, 2007. This approval will enable the company to expand its business in the offline merchant segment.
Key Highlights
- RBI grants Mobikwik in-principle authorization as Payment Aggregator - Physical.
- The approval is under the Payment and Settlement Systems Act, 2007.
- This authorization allows Mobikwik to expand into offline merchant business.
- The in-principle approval was issued on May 25, 2026 and has no expiry date.
Price Impact
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