One Mobikwik Systems Limited (MobiKwik) (NSE: MOBIKWIK) announced the expansion of its FX Retail offering from one to six currencies, adding AED, CAD, GBP, EUR, and CHF to its existing USD offering. This move makes MobiKwik the only private player to offer a multi-currency FX Retail solution in partnership with NPCI Bharat BillPay Limited (NBBL). The expanded offering was launched at the Global Fintech Fest (GFF) 2026.

Enhanced Accessibility for International Transactions

The multi-currency offering enables customers to access foreign exchange digitally for a wider range of international travel and payment needs. Through the FX Retail offering, users can digitally book foreign currency, top up Forex cards, and remit funds overseas. Currency notes can be collected through branches, while remittances can be processed through bank redirection and branch channels.

Partnership with NPCI Bharat BillPay Limited

The service is powered by NBBL in collaboration with the Clearing Corporation of India Ltd. (CCIL) and is available through the Bharat Connect ecosystem. This partnership aims to bring greater convenience to consumers by providing transparent, bank-linked pricing and same-day fulfillment, subject to applicable regulatory requirements and service conditions.

Commenting on the expansion, Bipin Preet Singh, Co-founder, MD & CEO, MobiKwik, said, “At MobiKwik, our goal is to use technology to simplify everyday financial experiences. As more Indians travel, study, and transact overseas, their foreign exchange requirements are becoming increasingly diverse. With our multi-currency offering, we are addressing these needs through a simple, seamless experience on the MobiKwik app.”

The current offering is available to resident individuals, subject to PAN and primary-account-holder validation. Customers can transact up to USD 3,000 equivalent per transaction for currency notes and USD 10,000 equivalent per transaction for card and remittance services, with equivalent limits applicable across the supported currencies.

This expanded FX Retail offering is part of MobiKwik’s broader focus on making everyday digital financial experiences simpler, faster, and more accessible.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of One Mobikwik Systems Limited

One Mobikwik Systems Limited belongs to the Technology › Software – Infrastructure sector. Here’s a quick read on where the business and the stock stand today.

One posts a 3.3% three-month gain, but softens in the last few weeks. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. No meaningful dividend — total return is entirely dependent on capital appreciation. The stock gives back 5.5% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. Revenue grows at 27.5% CAGR and the PEG stands at 99.00. The growth does not match the price the market asks. Furthermore, flat price action adds no technical catalyst. A lower price or faster revenue growth would improve the odds. Check Fundamentals of One Mobikwik Systems Limited.

One Mobikwik Systems Limited (NSE: MOBIKWIK) announced the completion of the transfer of its entire digital lending business to MobiKwik Distribution Services Private Limited (MDSPL), its wholly-owned subsidiary, on August 18, 2026. This strategic move aims to consolidate lending operations under a dedicated structure, enhancing operational efficiency and regulatory compliance.

Leadership Change

To spearhead this new phase, Manish Pathania, former head of digital lending at Bajaj Markets, has been appointed as the Chief Business Officer of MDSPL. Pathania brings nearly two decades of experience in digital lending, business development, and strategic planning, which is expected to drive the next phase of MobiKwik’s lending franchise.

Growth Projections

The transition aligns with MobiKwik’s vision to achieve quarterly disbursals of ₹1,000+ crore in the upcoming quarters. This ambitious target is supported by AI-led growth initiatives and new lender partnerships, positioning MobiKwik to scale its lending business significantly.

As MobiKwik continues to leverage its extensive customer base and technology platform, the company is well-poised to deepen credit penetration across its 9.5 crore engaged customers, maintaining a disciplined approach to underwriting, credit risk, and portfolio quality.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of One Mobikwik Systems Limited

One Mobikwik Systems Limited belongs to the Technology › Software – Infrastructure sector. Here’s a quick read on where the business and the stock stand today.

One posts a 7.6% three-month gain, but softens in the last few weeks. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. Revenue grows at 31.0% and profits at 10.0% CAGR. However, that pace does not justify a premium multiple. The stock gives back 9.5% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. Revenue grows at 31.0% CAGR and the PEG stands at 99.00. The growth does not match the price the market asks. Furthermore, flat price action adds no technical catalyst. A lower price or faster revenue growth would improve the odds. Check Fundamentals of One Mobikwik Systems Limited.

One Mobikwik Systems Limited (MOBIKWIK) announced its earnings results for the quarter ended June 30, 2026 (Q1 FY27), marking its third consecutive profitable quarter. The company reported a Profit After Tax (PAT) of ₹76 Mn, a positive swing of ₹495 Mn year-on-year (YoY), reinforcing its position as one of India’s fastest-scaling and profitable fintech platforms.

Financial Highlights

The consolidated financials show revenue from operations at INR 2,815 Mn, up 4% YoY; total income at INR 2,892 Mn, up 3% YoY. Contribution profit increased 66% YoY to INR 1,286 Mn. EBITDA for Q1 FY27 stood at INR 158 Mn, marking a profitable quarter with an improvement of INR 470 Mn YoY.

Payments Performance

The core payments business continued to deliver strong growth with improving unit economics and high operating leverage. Platform Gross Merchandise Value (GMV) reached an all-time quarterly high of INR 587 bn, growing 50% YoY. The company’s net payments margin stood at 13 basis points, supported by a healthy mix of payment volumes and merchant monetization.

Financial Services Growth

Financial services business continues delivering high-quality revenue on the back of enhanced credit quality and collection efficiency. Financial Services Gross Profit at INR 433 Mn, up 5.6x from Q1 FY26. Net FS Margin increased 5x YoY from 1.1% in Q1 FY26 to 5.9% in Q1 FY27, owing to improvement in credit quality.

With profitability firmly re-established, the company is well positioned to accelerate growth across its digital financial services portfolio in a calibrated and sustainable manner.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of One Mobikwik Systems Limited

One Mobikwik Systems Limited belongs to the Technology › Software – Infrastructure sector. Here’s a quick read on where the business and the stock stand today.

One moves sideways over three months, with neither buyers nor sellers taking control. Thin margins at 5.5% leave limited room for error — any demand softness or cost spike hits the bottom line hard. No meaningful dividend — total return is entirely dependent on capital appreciation. The stock holds at 29% of its 52-week range with RSI at 50. In other words, neither side has a clear edge right now. Revenue grows at 27.5% CAGR and the PEG stands at 99.00. The growth does not match the price the market asks. Furthermore, flat price action adds no technical catalyst. A lower price or faster revenue growth would improve the odds. Check Fundamentals of One Mobikwik Systems Limited.