💻 Technology 12h ago · Anne Florentyna

MobiKwik Receives RBI Approval To Commence NBFC Operations

Inc42
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MobiKwik Receives RBI Approval To Commence NBFC Operations
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Fintech company MobiKwik has secured a NBFC licence from the Reserve Bank of India (RBI), over one year after incorporating a wholly owned subsidiary, MobiKwik Financial Services Private Limited, to foray into the segment. 
In a statement, MobiKwik said that the licence will allow it to launch a new lending division that will enhance its lending capabilities, credit products’ stack and serve a broader base of consumers and merchants. 
The NBFC’s operations will commence upon receipt of Cer

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