MobiKwik secures NBFC registration, aims to disburse ₹5,000 crore worth loans over 3-4 years—What customers can expect

Payment platform MobiKwik has secured a Certificate of Registration (CoR) from the Reserve Bank of India, to operate as a Non-Banking Financial Company (NBFC) and will likely commence operations in three to six months.

One MobiKwik Systems in a release said the registration has been acquired by its wholly owned subsidiary, MobiKwik Financial Services (MFSPL). This comes after the RBI granted in-principle approval in April this year.