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MobiKwik gets RBI nod for NBFC license and plans its own lending arm soon
Business
Published on 27 April 2026
Approval unlocks in house lending via a new subsidiary
MobiKwik has received Reserve Bank of India approval for an NBFC licence, setting up the launch of its own lending business. The fintech plans to operate this through a wholly owned subsidiary and roll out new credit products for both consumers and merchants. The RBI nod marks a major step as MobiKwik moves beyond payments into direct credit offerings.
- MobiKwik secured an RBI NBFC licence approval
- The company will launch lending via a wholly owned subsidiary
- New credit products are planned for consumers and merchants
- It signals MobiKwik’s shift from payments to direct credit
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times