One MobiKwik shares in focus after subsidiary gets RBI nod to operate as an online payment aggregator
One Mobikwik share price performance
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The shares of One MobiKwik Systems are likely to be in focus on Friday after its wholly owned subsidiary, Zaak ePayment Services , secured final regulatory approval from the Reserve Bank of India ( RBI ) to operate as an Online Payment Aggregator 'Zaak ePayment Services Private Limited (Zaakpay), a wholly owned subsidiary of One MobiKwik Systems Limited (MobiKwik), has received the Certificate of Authorisation from the Reserve Bank of India (RBI) to operate as an Online Payment Aggregator (PA/PG),' the company said in an exchange filing.The RBI's Certificate of Authorisation grants Zaakpay the ability to offer seamless payment acceptance solutions for businesses across various modes, including Credit and Debit Cards, Net Banking, UPI, Wallets, Pay Later, and EMIs. This positions Mobikwik to deepen its footprint in the fast-growing B2B digital payments space.Zaakpay, a B2B payments arm of Mobikwik, serves enterprise clients in sectors such as transit, e-commerce, digital lending, healthcare, and bill payments. The company has recently focused on revamping its gateway business and launching new innovations.In 2024, it partnered with Meta's WhatsApp for Business to launch Conversational Commerce for the transit and healthcare sectors. It also introduced affordability options like card EMIs at e-commerce checkouts and enabled instant daily settlements for enterprise clients.As per the BSE Analytics data, One Mobikwik Systems' shares have seen a Year-To-Date (YTD) decline of 58.23%, while the 3-month change stands at -39.37%. Over the past 1 month, the stock has dropped by 17.14%.The shares of One Mobikwik closed 3.14% lower at Rs 252.60 on the BSE on Wednesday.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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