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Reuters
Mon, April 27, 2026 astatine 2:54 AM CDT 1 min read
BENGALURU, April 27 (Reuters) - Indian fintech steadfast One MobiKwik Systems said connected Monday that its radical has received support from the Reserve Bank of India for a non-banking fiscal institution (NBFC) licence.
• The licence volition let MobiKwik to motorboat a lending arm, Mobikwik Financial Services, expanding its regulated credit offering.
• Shares of the institution roseate 14% aft the annoucement.
• One MobiKwik Systems operates a integer wallet and has expanded into the distribution of financial products, including recognition and investments.
• The NBFC licence volition besides alteration MobiKwik to rotation retired lending products faster and amended margins by bringing recognition operations in-house, the institution said.
• The unit volition connection secured and unsecured loans to consumers and small businesses, with a absorption on underserved markets.
• The company said non-bank lending operations volition statesman aft it receives a certificate of registration from the cardinal slope connected fulfilment of certain conditions.
(Reporting by Nishit Navin; Editing by Sherry Jacob-Phillips)
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