MobiKwik expands FX Retail to six currencies, launches at GFF 2026
MobiKwik has expanded its FX Retail offering to six currencies, adding AED, CAD, GBP, EUR, and CHF alongside USD. Launched at GFF 2026, this service, in partnership with NBBL, simplifies foreign exchange for travel and payments. NBBL processed ₹111.91 million (1.1191 crore) in Forex transactions in the first four months of FY2026-27.
The expansion of FX services to six currencies is a significant enhancement to MobiKwik's financial product suite, potentially attracting more users for international transactions and increasing transaction volumes.
The expansion of services to include more currencies and the partnership with NBBL are positive developments, indicating business growth and enhanced customer offerings.
One MobiKwik Systems Limited has expanded its FX Retail offering, increasing the number of available currencies from one to six. The new currencies added are AED, CAD, GBP, EUR, and CHF, in addition to the existing USD offering. This expansion makes MobiKwik the sole private player to offer a multi-currency FX Retail solution in partnership with NPCI Bharat BillPay Limited (NBBL).
The expanded offering was launched at the Global Fintech Fest (GFF) 2026, in the presence of Shri Rohit Jain, Deputy Governor, Reserve Bank of India. The service enables customers to digitally access foreign exchange for various international travel and payment needs, including overseas travel and education. Users can book foreign currency, top up Forex cards, and remit funds overseas. Currency notes can be collected through branches, and remittances can be processed via bank redirection and branch channels.
The service is powered by NBBL in collaboration with the Clearing Corporation of India Ltd. (CCIL) and is available through the Bharat Connect ecosystem. In the first four months of FY2026-27, NBBL processed Forex transactions worth ₹111.91 million (1.1191 crore). The offering features live bank-linked pricing for transparency and convenience, with potential for same-day fulfillment.
Bipin Preet Singh, Co-founder, MD & CEO, MobiKwik, stated that the company aims to simplify financial experiences through technology, addressing the diverse foreign exchange needs of Indians traveling, studying, and transacting overseas. The multi-currency offering provides a simple, seamless experience with transparent, bank-linked pricing.
The current offering is available to resident individuals, subject to PAN and primary-account-holder validation. Transaction limits are up to the equivalent of USD 3,000 per transaction for currency notes and USD 10,000 per transaction for card and remittance services, with equivalent limits across all supported currencies.
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