| Market Cap | ₹1,537.93 CrSmall Cap |
|---|---|
| Revenue TTM | ₹1,129.35 CrOperating |
| Net Profit Growth | 118.17%Qtr YoY |
| RSI | 48.21Neutral Zone |
Key highlights
- Expansion from one to six total supported currencies including Euro, British Pound, and Arab Emirates Dirham
- Partnership with NPCI Bharat BillPay Limited makes MobiKwik the only private player offering this multi-currency solution
- NBBL processed ₹111.91 million in Forex transactions through the Bharat Connect ecosystem during the first four months of FY2026-27
- Transaction limits set at USD 3,000 equivalent for physical currency notes and USD 10,000 for card and remittance services
- Integration provides live bank-linked pricing and same-day fulfilment for resident individuals subject to PAN validation
The Product — What It Is
The expanded FX Retail service, integrated within the Bharat Connect ecosystem, allows resident individuals to manage foreign exchange requirements entirely through the MobiKwik mobile application. Users can digitally book currency notes for physical collection at designated branches or top up existing Forex cards with transparent, live bank-linked pricing. The platform is powered by NBBL in collaboration with the Clearing Corporation of India Ltd.
(CCIL), ensuring regulatory compliance and same-day fulfillment. For outward remittances, the system utilizes bank redirection and branch channels, catering to diverse needs such as international travel, overseas education, and eligible payment requirements.
Commercial Opportunity
- Addresses growing demand for outbound travel and education remittances among 193 million registered users
- Exclusive partnership status as the only private entity utilizing NPCI's multi-currency FX Retail infrastructure
- Leverages Bharat Connect's scalability which already handled over ₹111 million in forex volume in early FY27
- Captures higher-value transactions with individual card and remittance limits reaching USD 10,000 equivalent
- Diversifies revenue streams beyond traditional wallet and UPI services into high-margin foreign exchange products
Management Perspective
By bringing multiple currencies together with transparent, bank-linked pricing, we are making foreign exchange more accessible, convenient and easy to manage for customers.
Business Overview
One MobiKwik Systems Limited is a leading digital financial services platform in India, maintaining a 19% market share in the PPI wallet gross transaction value as of June 2026. Since its founding in 2009, the company has evolved from a digital wallet into a comprehensive ecosystem serving 5.02 million merchants. Its product suite spans credit solutions like ZIP EMI, savings through fixed deposits and mutual funds, and digital gold investments.
While the company recorded a net profit of ₹7.62 crore in the latest quarter, it continues to focus on high-growth digital categories to strengthen its position against industry competitors.
“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.”
| Share price | ₹195.3 |
|---|---|
| Market capitalisation | ₹1,537.93 Cr |
| Revenue (annual) | ₹1,119.23 Cr |
| Net profit (annual) | -₹62.10 Cr |
| Revenue (latest quarter) | ₹281.48 Cr-2.50% vs previous quarter |
| Net profit (latest quarter) | ₹7.62 Cr+73.72% vs previous quarter |
| P/E (TTM) | -122.38×Sector 21.62× |
| Promoter holding | 25.08%0.00% QoQ |
| FII holding | 4.48%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by One MobiKwik Systems Limited announcing the expansion of its multi-currency FX Retail solution at the Global Fintech Fest 2026. Market figures from a third-party data provider.
