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BOM:544305

3 stories mentioning BOM:544305Updated 25d ago

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Asia

One MobiKwik Systems Secures RBI Approval for Offline Payment Aggregator License; Shares Up 6%

One MobiKwik Systems (NSE:MOBIKWIK, BOM:544305) said it has received in-principle approval from the Reserve Bank of India for a Payment Aggregator-Physical (PA-P) license, according to an Indian bourse filing on Tuesday.The approval will allow the company to expand its offline merchant payments business across India, the filing said. MobiKwik currently serves 4.9 million merchants through products including UPI QR, soundbox and EDC machines, it added.The company said it will focus on small businesses, fuel outlets and organized retail over the next 18-24 months as it looks to increase market share in offline merchant payments.Shares of the digital payments company jumped over 6% in recent trade.

BOM:544305NSE:MOBIKWIK
Asia

One MobiKwik Systems Swings to Profit in Fiscal Q4; Shares Down 3%

One MobiKwik Systems (NSE:MOBIKWIK, BOM:544305) swung to profit in the fiscal fourth quarter ended March 31 to 43.8 million Indian rupees from a loss of 560.4 million rupees a year ago.Earnings per share came in at 0.56 rupees from a loss of 8.88 rupees a year earlier, the digital payments company said in a filing to the Indian stock exchanges on Tuesday.Revenue from operations in fiscal Q4 rose to 2.89 billion rupees from 2.68 billion rupees a year ago.The company's shares were down over 3% in recent trade.

BOM:544305NSE:MOBIKWIK
Asia

One MobiKwik Systems Gets RBI Nod for NBFC License; Shares Jump 17%

One MobiKwik Systems (NSE:MOBIKWIK, BOM:544305) received approval from the Reserve Bank of India for its non-banking financial company (NBFC) license, according to a Monday filing to the Indian stock exchanges.The NBFC license will enable the company to launch a new lending division through a wholly-owned subsidiary named MobiKwik Financial Services.The new division will help the company expand its regulated lending capabilities, design new credit products, and serve a broader base of consumers and merchants.The NBFC's operations will start after receiving the RBI's certificate of registration on the fulfilment of certain conditions.The company's shares shot up nearly 17% in recent trade.

BOM:544305NSE:MOBIKWIK

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