The MDR, which was to be applicable from October 15, will now come into force after Diwali, according to a notification by NPCI.
According to reports, the implementation of the new UPI MDR framework is likely to be deferred to January 1, 2027 from the earlier proposed October 15 rollout, with no final decision yet.
So far this year, Mobikwik shares have rallied 5 per cent, while they have risen 41 per cent in six months.
Upasana Taku bought 1.07 lakh MobiKwik shares in two open-market transactions at about ₹198-199 apiece, taking her holding in the fintech firm to 80.65 lakh shares
Paytm shares rallied 7 per cent to a fresh 52-week high of ₹1,856.50 on the BSE. Mobikwik stock rose by 6 per cent to ₹214. However, Pine Labs slumped 6 per cent to ₹182 per share.
The fintech firm has shifted its digital lending operations to MDSPL after RBI approval and expects quarterly disbursals of more than Rs 1,000 crore.
The fintech firm is using AI to reduce loan application drop-offs and convert passive users into borrowers as it strengthens its lending business after securing an NBFC licence
In an exchange filing, MobiKwik said that it has posted a net profit of ₹7.6 crore in Q1, compared with a net loss of ₹419.2 crore in the year-ago period.
Fintech firm MobiKwik reported its third consecutive profitable quarter in Q1 FY27, with net profit at Rs 7.61 crore, revenue from operations rising 3.72 per cent and GMV increasing 50 per cent
Fintech firm MobiKwik on Monday said it has received shareholders' approval to transfer its lending services business to another wholly owned subsidiary. The shareholders have also approved changes in the objects and terms of utilisation of the IPO proceeds, including an extension to the time limit for their use. " MobiKwik received shareholder approval to transfer its Lending Services Provider business to a wholly owned subsidiary and to amend its IPO objects. These key resolutions were passed through a remote e-voting postal ballot, which concluded on July 2, 2026. This approval now enables us to transfer the business on a slump sale basis to MobiKwik Distribution Services Private Limited," MobiKwik, Co-founder, CFO and ED, Upasana Taku said in the letter. The company has already received NBFC license approval from the RBI.
The fintech firm plans to scale its merchant payments business tenfold by FY28 after receiving the RBI's in-principle nod for a Payment Aggregator-Physical licence
Larger platforms like PB Fintech and One97 Communications (Paytm) have closely tracked or slightly underperformed the Nifty 50, displaying far better resilience than sub-scale players
MobiKwik returned to profitability in the fourth quarter of FY26 as lower expenses and reduced payment processing costs supported margins amid stable revenue growth
Stocks to Watch today, April 29, 2026: Eternal, Ceat, Bandhan Bank, BHEL, Mobikwik, and Canara HSBC Life Insurance are some of the key stocks to watch today
The transaction marks the firm's complete exit from the Gurugram-based fintech, where it was an early institutional investor
Venture capital firm Peak XV Partners has fully exited from fintech firm One MobiKwik Systems through a block deal of over Rs 130 crore, sources aware of the development said. According to sources, Peak XV was one of the early investors in the firm and exited at three times of its investment value. "Peak XV Partners has sold around 61 lakh shares, about 7.7 per cent of the company share capital, at an average sale price of Rs 214 share apiece. The total deal size is close to Rs 130 crore. With this sale, Peak XV has completely exited from the firm," a source said. A query sent to Peak XV and One Mobikwik elicited no immediate reply. Florintree, Viridian Asset Management, Dymon Asia and Karma Capital have bought stakes from Peak XV. The development comes a day after the company announced RBI granting a NBFC license for its new subsidiary- MobiKwik Financial Services Pvt Ltd.
MobiKwik gets RBI nod for NBFC arm, plans lending launch in 2026; move to boost fintech stack, expand credit offerings, and tap co-lending opportunities
The licence will allow MobiKwik to launch a lending arm, Mobikwik Financial Services, expanding its regulated credit offering
The NBFC's operations, however, will commence upon receipt of the Certificate of Registration (CoR) from the RBI, subject to the fulfilment of certain conditions
MobiKwik plans to scale soundbox and EDC deployment, targeting 10% revenue contribution as it expands offline merchant acquiring beyond Tier I cities