Tuesday was a great day for the investors of fintech giant ‘One MobiKwik Systems Ltd’. There was a strong rise in the shares of the company and it jumped by about 8%. The reason behind this rise is a big and important approval given to the company by the Reserve Bank of India (RBI), which has completely changed the market sentiments.
RBI’s ‘Good News’ and company’s master plan
RBI has given in-principle approval to MobiKwik to operate as ‘Payment Aggregator – Physical’ (PA-P) under the ‘Payment and Settlement Systems Act, 2007’. After this approval, the company will now be able to rapidly expand its offline merchant payment business across the country.
Expressing excitement over this development, Bipin Preet Singh, Co-Founder, MD and CEO of the company, said that offline merchant payments are the strongest engine of India’s digital economy. This license will help the company take its merchant payments infrastructure to new heights, thereby achieving the target of 10x growth in merchant business by FY2028.
How was the stock’s performance?
During trading on Tuesday, MobiKwik shares jumped to Rs 205.60 compared to the previous closing of Rs 191.25. If we look at its 52-week data, the stock was at its lowest level of Rs 151.95 (52-week low) in March 2026. At the same time, its 52-week highest level is Rs 333.95, which was recorded in September last year. The current rise is being considered a positive sign for investors.
NBFC license and future strategy
MobiKwik is not limited to payments only, but is strengthening its hold in every sector of financial services. In April, the company received a Non-Banking Financial Company (NBFC) license from the Reserve Bank of India. Through this, the company is also starting the lending business through its wholly-owned unit, MobiKwik Financial Services Private Limited (MFSPL). The company is currently providing services like UPI QR, Soundbox and EDC machines to over 4.9 million merchants and the company’s main focus in the coming 18-24 months will be on small businesses and organized retail.
mathematics of shareholding
Talking about the shareholding pattern of the company, promoters hold 25.08% stake (about 1.97 crore shares), while public shareholding is 74.92%. Recently, venture capital firm ‘Peak This deal reflects the confidence of big investors in the company.
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