MobiKwik Gets RBI’s In-Principle Nod For Offline Payment Aggregator Licence

MobiKwik Gets RBI Approval for Offline Payments Expansion

An in-principle clearance to operate as a payment aggregator-physical (PA-P) licence has been granted to listed fintech company MobiKwik by the Reserve Bank of India (RBI). With the licence in hand, MobiKwik may go forward with plans to expand into the offline merchant industry. The company stated that the PA-P licence enhances its capacity to collaborate with banks to provide a safe, scalable, and compliant payment acceptance infrastructure for…

MobiKwik Gets RBI’s In-Principle Nod For Offline Payment Aggregator Licence

Listed fintech major MobiKwik has received the Reserve Bank of India’s (RBI) an in-principle approval to operate as a payment aggregator-physical (PA-P) licence. Upon final approval of the licence, MobiKwik can pursue business expansion in offline merchant business. In a statement, the company said that the PA-P licence strengthens its company’s ability to build compliant, secure and scalable payment acceptance infrastructure for offline commerc…

One MobiKwik Systems Shares Jump Over 5% After RBI Payment Aggregator Approval

One MobiKwik Systems shares surged over 5% after the RBI granted in-principle approval for a Payment Aggregator licence. The approval strengthens the company’s expansion into offline merchant payment solutions.