MobiKwik’s Zaakpay gets RBI nod to operate as an online payment aggregator
Published on 30/04/2025 08:42 PM
MobiKwik’s Zaakpay gets RBI nod to operate as an online payment aggregatorRBI has granted Zaak ePayment Services, a material subsidiary of MobiKwik, a licence to operate as an online payment aggregator.By CNBCTV18.com April 30, 2025, 8:42:28 PM IST (Published)1 Min ReadThe Reserve Bank of India (RBI) has granted a Certificate of Authorisation to Zaak ePayment Services Private Limited (Zaakpay), a material subsidiary of One MobiKwik Systems, to function as an online payment aggregator.
In a filing to the stock exchanges on Wednesday, MobiKwik said the approval would allow Zaakpay to expand its presence in the digital payments space.
Zaakpay joins a growing list of fintech entities receiving RBI’s authorisation under the Payment and Settlement Systems Act, 2007 — a move that enables these firms to facilitate merchant payments through online platforms.
Ahead of the announcement, shares of One MobiKwik Systems Ltd closed 2.96% lower at ₹252.45 on the BSE, down ₹7.70 from the previous close.
Also read: Mobikwik CEO wants regulators to show more love to Indian fintech
The company stated the development would help its subsidiary pursue business growth within the regulated framework for payment aggregators.Continue Reading(Edited by : Sheersh Kapoor)Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsMobikwikonline paymentsRBI