Reserve Bank of India (RBI) grants Payment Aggregator-Physical licence to Mobikwik Systems

Exam-focused facts from the 30 May 2026 current affairs briefing.

Key facts

The Reserve Bank of India (RBI) has granted in-principle approval for a Payment Aggregator-Physical (PA-P) licence to Mobikwik Systems.
This approval follows the company's acquisition of a non-banking financial company (NBFC) licence from the RBI.
Mobikwik Systems aims for 10x growth in its merchant business by FY28.
Consulting firm Redseer estimates the gross merchandise value (GMV) of the merchant payments opportunity at $1.8-2 trillion by FY28.
Mobikwik currently supports approximately 4.9 million merchants through UPI QR codes, soundboxes, and EDC machines.