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The Economic Times
The Economic Times
Technology

Mobikwik gets RBI nod for offline payment aggregator licence

Mobikwik RBI

One Mobikwik Systems, the parent company of Mobikwik, has received in-principle approval from the Reserve Bank of India (RBI) for a Payment Aggregator-Physical (PA-P) licence, allowing the fintech firm to push into offline merchant payments across India.

The approval comes a month after the company secured a non-banking ‌financial ⁠company (NBFC) ⁠licence from the RBI.

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