- Business
- One Mobikwik Systems Limited (MOBIKWIK.NS) is an Indian fintech company that operates a digital wallet and payments platform connecting consumers and merchants; it provides mobile recharges, bill payments including electricity, gas, water, broadband, landline, insurance premiums, and loan EMIs; credit card bill payments; UPI payments via Pocket UPI without bank linking; merchant services such as QR codes, Soundbox, and EDC machines; consumer financial products encompassing instant digital loans, ZIP buy-now-pay-later (now closed), Xtra peer-to-peer lending offering up to 14% returns, investments in mutual funds, digital gold, and fixed deposits; and additional services like LENS account aggregation for expense tracking, accident, life, and fire insurance, IMPS transfers, and instant forex purchases. Founded in 2009 by Bipin Preet Singh and Upasana Taku and headquartered in Gurugram, Haryana, the company serves over 183 million registered users and 4.7 million merchants primarily in India, focusing on Bharat's underserved markets through its two-sided payment network and technology-driven innovations leveraging big data and AI. The company went public with a Rs 572 crore IPO in December 2024, achieving profitability in FY24 after prior losses; in October 2025, its board approved a Rs 10 crore investment in subsidiary MobiKwik Financial Services Pvt Ltd, a new NBFC for in-house lending including vehicle and equipment financing; and in November 2025, it launched instant forex payments in partnership with NPCI Bharat BillPay Ltd (NBBL).