MobiKwik pioneers Instant Forex purchase in partnership with NBBL
MobiKwik partnered with NBBL to launch instant Forex purchase on its app, enabling users to digitally buy, top up forex cards, and remit money with same-day fulfillment, initially for USD.
The introduction of instant Forex purchase is a new revenue stream and service offering that broadens MobiKwik's market appeal. While beneficial for growth and user acquisition, its immediate financial impact may be gradual given the initial focus on USD and individual users.
MobiKwik's launch of instant Forex services in partnership with NBBL is a significant product expansion, enhancing user convenience and aligning with digital financial ecosystem goals, indicating positive business development.
One MobiKwik Systems Limited announced the launch of Forex payments on its mobile app in partnership with NPCI Bharat BillPay Limited (NBBL) on November 11, 2025. This makes MobiKwik one of the first fintechs to offer digital foreign exchange services on mobile. * The first live transaction for MobiKwik’s Forex product was conducted on October 7, 2025, in the presence of Shri T. Rabi Sankar, Deputy Governor, Reserve Bank of India, at the Global Fintech Festival, Mumbai. * This initiative, powered by NBBL in collaboration with CCIL, aims to support the Government and RBI’s vision for a fully digital and inclusive financial ecosystem. * The Forex category on Bharat Connect offers a digital-first experience, competitive USD rates, same-day (T+0) fulfillment for currency collection or digital remittance, and a safe & compliant platform regulated by RBI and NBBL. * Users can book, top up forex cards instantly using net banking or UPI, and remit money abroad with same-day fulfillment. * Currently, the platform supports USD transactions for individual users, with plans to expand to additional currencies in subsequent phases. * Bipin Preet Singh, Co-founder, MD & CEO, MobiKwik, stated that this launch is a significant leap in making foreign exchange as seamless as digital payments. * Noopur Chaturvedi, MD & CEO, NPCI Bharat BillPay Limited, expressed delight in partnering with MobiKwik, anticipating a transformative and seamless experience for users purchasing foreign exchange currencies.
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One Mobikwik Systems Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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