One Mobikwik Systems Ltd Share Price – NSE  / BSE

E-Commerce/App based Aggregator, Small Cap

One Mobikwik Systems will hold a meeting of the Board of Directors of the Company on 12 May 2026.

The approval will enable the company to launch its lending arm, MobiKwik Financial Services Private Limited (MFSPL), a wholly owned subsidiary. The NBFC will allow the group to expand its regulated lending operations, introduce new credit products and improve execution through faster go-to-market capabilities.

The company said the NBFC structure will also support a co-lending model, provide access to sustainable capital and help improve lending margins over time. Operations will commence after the receipt of the Certificate of Registration (CoR) from the RBI, subject to fulfilment of certain conditions.

MobiKwik plans to leverage its technology platform, AI-led underwriting and a customer base of over 186 million users to scale its credit offerings. The focus will be on both secured and unsecured lending products for consumers and MSMEs, particularly in Tier 2 and Tier 3 markets, with an emphasis on financial inclusion.

The company said the development marks a key step in its strategy to build a full-stack fintech platform with integrated payments and financial services capabilities.

One MobiKwik Systems is a digital payments and financial services platform offering wallet, UPI and payment gateway solutions to consumers and merchants. The company serves over 186 million users and nearly 4.8 million merchants, and also distributes credit, savings and investment products. It is among India?s leading fintech platforms, with a strong user base and around 18% share in the digital wallet transaction market.

On a consolidated basis, Mobikwik posted a net profit of Rs 4.05 crore in Q3 December 2025, reversing a loss of Rs 55.28 crore in Q3 December 2024 and a loss of Rs 28.62 crore in Q2 September 2025. Total income rose 8.29% YoY and 6.40% QoQ to Rs 297.22 crore in the December 2025 quarter.

One MobiKwik Systems (MobiKwik) announced that the Group's application for a Non-Banking Financial Company (NBFC) license has been approved by the Reserve Bank of India (RBI), marking a significant milestone in the Group's journey to deepen its financial services offerings.

The NBFC license will enable the launch of a new lending division - MobiKwik Financial Services (MFSPL, a wholly owned subsidiary), which will help expand its regulated lending capabilities, design innovative credit products, and serve a broader base of consumers and merchants with greater efficiency and control. This development aligns with the Group's long-term vision of building a full-stack fintech platform that delivers accessible, responsible, and tech-led financial products.

The NBFC will build on the Group's inherent strengths of having a 186 Mn+ customer base, a trusted brand name, as well as strong tech infrastructure, risk underwriting and collection capabilities. MFSPL, the group's in-house NBFC is envisaged to enable launch of new credit products with faster go-t0-market (GTM) offering both secured and unsecured to consumers and MSMEs in underserved geographies. The NBFC's operations will commence upon receipt of Certificate of Registration (COR) from RBI on the fulfilment of certain conditions.

One Mobikwik Systems announced the appointment of Anis Pathan as Chief Risk Officer.

As Chief Risk Officer, Anis will define and lead MobiKwik Group's Enterprise Risk Management (ERM) framework, overseeing a comprehensive portfolio that includes strategic, financial, operational, cyber and fraud risks. A primary focus of the role will be strengthening the security and scalability of the group's core payments business, spanning UPI, wallet, bill payments and merchant flows, by implementing advanced monitoring and onboarding controls. By leveraging state-of-the-art analytics and risk infrastructure, Anis will lead fraud prevention and financial crime strategies while ensuring full regulatory compliance. Additionally, as CRO, he will be the key liaison to the Board's Risk and Audit Committee providing the actionable insights and emerging risk intelligence necessary to support MobiKwik Group's expansion in digital lending, stock broking & payment aggregation through its subsidiaries.

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