One Mobikwik Systems Share Price Gains Over 5% After Receiving RBI Approval to Operate as Payment Aggregator

One MobiKwik Systems Limited has announced that it has received an in-principle authorisation from the Reserve Bank of India (RBI) to operate as a Payment Aggregator under the Payment and Settlement Systems Act, 2007.  

This development is expected to facilitate the company's expansion in the offline merchant sector. 

RBI's In-Principle Authorisation 

On May 25, 2026, the Reserve Bank of India granted MobiKwik an in-principle authorisation to function as a Payment Aggregator - Physical.  

This approval allows the company to enhance its business operations, particularly in the offline merchant segment.  

The authorisation is part of the regulatory framework under the Payment and Settlement Systems Act, 2007. 

Significance of the Approval 

The approval from RBI is significant for MobiKwik as it opens up new avenues for business expansion.  

By becoming a Payment Aggregator, the company can now provide comprehensive payment solutions to offline merchants, thereby broadening its market reach and service offerings. 

Read More: RBI Mandates 100% KYC for Wallets, Hitting ₹2.5 Lakh Crore Digital Transactions! 

Details of the Authorisation 

The authorisation does not have an expiry date, providing MobiKwik with a stable framework to operate under.  

This regulatory nod is crucial for the company as it seeks to strengthen its position in the payment solutions market. The approval aligns with the company's strategic goals to enhance its offline merchant business. 

One Mobikwik Systems Share Price Performance 

As of May 26, 2026, at 12:39 PM, One Mobikwik Systems share price on NSE was trading at ₹201.95 up by 5.64% from the previous closing price. 

Conclusion 

MobiKwik's receipt of RBI's in-principle authorisation to operate as a Payment Aggregator marks a pivotal step in its business strategy. This regulatory approval is expected to aid in the company's expansion into the offline merchant sector, enhancing its service offerings and market presence. 

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