MobiKwik to Begin NBFC Operations Within Six Months

MobiKwik is preparing to commence its NBFC operations within six months following clearance from the Reserve Bank of India (RBI), marking an important expansion beyond its existing digital payments and fintech activities. The move will allow the company to strengthen its presence in lending and financial services through a regulated NBFC structure.

The transition also brings greater focus on credit risk, regulatory compliance, underwriting, collections and asset quality as MobiKwik expands its lending capabilities. For a fintech entering the NBFC space, maintaining strong risk governance will be critical to balancing growth with responsible lending, particularly as the company scales its loan portfolio and integrates technology into credit assessment and customer servicing.

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