MobiKwik Ranks Top 3 in Fastest-Growing UPI Apps in Q2FY26, Registers 3x YoY UPI Growth
MobiKwik is among India's Top 3 fastest-growing UPI apps in Q2FY26, with UPI transactions up 38% QoQ and GMV up 28%. The company achieved 3x YoY UPI growth by October 2025. 'Pocket UPI' is a key growth driver. As of September 2025, MobiKwik holds a 19% market share in PPI wallet GTV.
The growth in UPI transactions and market position indicates a positive trend for the company's core business, potentially attracting more users and increasing revenue, but does not represent a fundamental shift in business operations or financial restructuring.
The announcement highlights significant growth in UPI transactions and GMV, positioning the company among the top fastest-growing UPI apps, which is a positive development.
One MobiKwik Systems Limited (MobiKwik) has announced its strong performance in the UPI space, emerging among India's Top 3 fastest-growing UPI apps in Q2FY26. The company also registered a significant 3x year-over-year (YoY) growth in UPI transactions by October 2025.
MobiKwik's UPI transactions surged by 38% quarter-on-quarter (QoQ), with Gross Merchandise Value (GMV) rising by 28%. This growth is attributed to the increasing engagement from both new and existing users, driven by an enhanced product experience including a seamless interface, optimized payment flows, and faster load times.
The 'Pocket UPI' feature, allowing users to make UPI payments directly from their MobiKwik Wallet without linking a bank account, has been a key driver of this scale. This feature offers users greater control, clutter-free bank statements, and reduced exposure of sensitive banking details, making it a safer and more convenient option for everyday payments.
Upasana Taku, Executive Director, CFO, and Co-Founder, stated that the NPCI data highlights the strong, broad-based adoption of UPI on their platform. She emphasized MobiKwik's focus on reliability, safety, and serving the evolving needs of India, contributing to building a robust payments ecosystem.
MobiKwik continues to gain traction in high-frequency categories such as Retail & Groceries, Food & Dining, and Fuel. As of September 2025, MobiKwik holds a 19% market share of the PPI wallet gross transaction value (GTV), positioning it as a leading player in India's digital wallet and payments landscape.
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One Mobikwik Systems Limited filed this with the NSE as a statutory disclosure, categorised under other company updates. 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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See the model portfoliosA plain-language summary of a public exchange filing by One Mobikwik Systems Limited. Read the original for the full detail.