- Business
- One Mobikwik Systems Limited (MOBIKWIK.BO) operates as a publicly listed fintech company providing a digital payments and financial services platform to consumers and merchants primarily in India. The company offers core products and services including mobile wallet payments for recharges, bill payments such as electricity, credit cards, fastags and DTH; UPI transfers and Pocket UPI for bank-independent payments; merchant solutions comprising Kwik QR codes, Soundbox, EDC point-of-sale machines and online checkout; consumer credit via Zip buy-now-pay-later and merchant cash advances; as well as investments in mutual funds, wealth products and insurance covering life, accident and fire. Founded in 2009 by Bipin Preet Singh and Upasana Taku, One Mobikwik Systems Limited maintains headquarters in Gurugram, Haryana, and serves over 183 million registered users and 4.7 million merchants across nearly all Indian pin codes, with emphasis on Tier 2 and Tier 3 cities. Geographically, operations span 29 states in India, covering urban, semi-urban and rural markets through a two-sided network bridging consumers at kirana stores, retail chains, e-commerce, fuel pumps and more. Recent developments include a Rs 9.99 crore equity investment in October 2025 into its wholly owned subsidiary Mobikwik Financial Services Pvt Ltd, a new non-banking financial company incorporated in April 2025 to handle direct lending, leasing and hire purchase independently; an upcoming initial public offering planned for December 2025 targeting organic growth in payments, financial services, data analytics and AI; and institutional share purchases by BofA Securities and others in 2025.