Mobikwik Secures RBI License for Payment Aggregation Services - The company aims to increase its merchant business by ten times by Financial Year 2028, particularly targeting small-medium businesses, oil & gas sector, and retail sectors.
One Mobikwik Systems Limited
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Mobikwik has been granted preliminary approval from the Reserve Bank of India for a Payment Aggregator license, setting sights on a tenfold increase in merchant transactions by Financial Year 2028, currently serving over 4.9 million businesses.
Yuga Stocks disposed of approximately 908,587 Mobikwik shares at an average price of ₹198.3 each in a recent sale on the National Stock Exchange.
MobiKwik has announced a strategic move, transferring its lending division to a subsidiary, MobiKwik Distribution, through a slump sale. This reorganization aims to streamline operations and potentially strengthen the focus on financial services within the group.
HRTI Private Limited has offloaded approximately 749,011 Mobikwik shares, with an average selling price of ₹199.65 each, in a recent stock sale on the National Stock Exchange (NSE).
MobiKwik reports a notable shift towards profitability in FY26, significantly reducing EBITDA and PAT losses. The company's total payments GMV increased by 58% Year-on-Year to INR 524 billion, while UPI transactions surged by an impressive 170%. This robust growth outpaces the market average of 26%, highlighting MobiKwik's strong performance.
Yuga Stocks has offloaded approximately 555,526 Mobikwik shares at an average price of around ₹201.2 each, as per NSE bulk trade data. This move represents a significant portion of their holdings in the digital payments company.
Mobile wallet company Mobikwik lowers its lending margins to 4.5% from 5.3%, anticipating upcoming regulatory changes. This move aims to adapt to the forthcoming regulations, according to a recent conference call update.
MobiKwik marks a significant milestone with its shift to profitability, marking a noticeable financial improvement. Looking forward, the company ambitiously aims for a tenfold revenue increase by FY28, demonstrating ambitious growth strategies.
QE Securities has offloaded approximately 5.1 lakh shares of Mobikwik at an average price of INR 220.9, according to NSE bulk trade data. This move could suggest a shift in investment strategy or potential profit-taking by the securities firm.
Mobikwik reported a revenue of INR 2.88 billion and profit of INR 43.8 million in FY26. The company has utilized proceeds from its partial IPO to drive growth and invest in research and development initiatives.
Mobikwik reports a profit of 174 million Indian rupees in Q4, marking a year-over-year turnaround from a loss of 457 million rupees. The company's EBITDA margin has also improved to 6%.
Mobikwik's shares dropped by approximately 3% following the announcement of disappointing Q4 earnings. Investors are responding to the company's lackluster performance during the last quarter.
Mobikwik reported a significant improvement in its Q4 net profit, moving from a year-on-year loss of ₹56.7 crore to a gain of ₹4.4 crore. The digital payments platform also saw a 7.8% increase in revenue, reaching ₹288.7 crore, while EBITDA turned profitable at ₹10 crore, contrasting with a loss of ₹56.5 crore in the same period last year.
On May 12, 2026, Mobikwik Systems is set to release its Q4FY26 results. Notably, Berger Paints, Dixon, Dr. Reddy's, Pfizer, and Tata Power are also expected to disclose their financial updates around the same time.
HRTI Private Limited has offloaded approximately 5.3 million shares of One Mobikwik Systems Ltd, with an average selling price of around ₹213.9 each.
Yuga Stocks disposed of approximately 7.7 lakh shares of One Mobikwik Systems for an average price of ₹217.9 each, as reported in the National Stock Exchange's bulk trades.
MobiKwik's board will convene on May 12, 2026, to finalize and approve the financial results for FY26. The trading window remains closed until May 14, 2026, under SEBI's insider trading regulations.
Peak XV has sold its stake worth approximately $17.5 million in MobiKwik for around ₹214 per share. This move comes as MobiKwik's shares increased by 3.1% following the announcement of their new NBFC license, and had earlier surged by 11% due to RBI approval.
IRAGE Broking has offloaded approximately 470,000 Mobikwik shares at an average price of ₹230.1 in a bulk trade transaction on the National Stock Exchange.
NK Securities has purchased approximately 9.7 lakh shares of Mobikwik, with an average price per share of INR 232.30, indicating a growing investment interest in the digital payments platform.
Mobikwik witnessed a significant block trade worth INR 130.2 crore, comprising approximately 608,000 shares, transacted at the market opening price of INR 214 per share on the BSE.
Mobile wallet service Mobikwik looks forward to enhanced profitability, thanks to the Reserve Bank of India's approval for its Non-Banking Financial Company (NBFC) status, enabling potential improvements in their financial margins.
Yuga Stocks has purchased approximately 7.38 lakh shares of Mobikwik, with an average cost of around ₹232.5 per share. This investment strengthens their holdings in the digital payments platform.
Junomoneta Finsol has purchased approximately 684,000 Mobikwik shares at an average price of INR 229.3, signifying a significant investment in the digital payments platform.
Peak XV has officially unloaded its ownership of Mobikwik, completing the transaction through a block deal today. This move signals a change in investment strategy for Peak XV.
Mobikwik has secured a significant investment through the sale of 6 million shares, equating to approximately 7.7% of its total equity. This move suggests growing confidence in the company's future prospects.
Mobikwik Systems has received RBI approval to establish Mobikwik Financial Services Pvt Ltd as a Non-Banking Financial Company (NBFC). This move aims to broaden lending options and develop credit products, particularly focusing on under-served Tier 2 and 3 cities.
The Reserve Bank of India has granted a Non-Banking Financial Company (NBFC) license to MobiKwik's subsidiary, enabling them to engage in regulated lending activities. This move is intended to enhance MobiKwik's profit margins and foster credit innovation through a co-lending model.
MobiKwik has received approval from the Reserve Bank of India to operate as a Non-Banking Financial Company (NBFC), expanding its financial services offerings.