Current Affairs - Finance - Discussion

Mobikwik, officially known as One Mobikwik Systems, received in-principle approval from the Reserve Bank of India (RBI) for a Payment Aggregator-Physical (PA-P) license on May 26, 2026. This approval allows the company to expand its services beyond online payments and facilitate offline merchant transactions as well. Payment Aggregators play a crucial role in enabling merchants to accept various payment methods from customers. Founded in 2009 and headquartered in Gurugram, Haryana, Mobikwik was co-founded by Bipin Preet Singh and Upasana Taku. The development strengthens the company’s position in India’s growing digital payments ecosystem.