About One MobiKwik Systems Limited

The company operates as One MobiKwik Systems Limited which functions as a public limited business entity established in Gurugram Haryana since 2008. The company operates India’s largest digital wallet system and expanding payment services through its BSE and NSE stock exchange listings since December 18, 2024. The Group operates as a payment instrument issuer and wallet operator and delivers financial services through partner networks. The Reserve Bank of India granted MobiKwik authorization to operate mobile-based prepayment instruments which extends through September 30, 2025. Users can use MobiKwik wallet to pay bills and recharge their accounts and shop online and transfer money while merchants accept Zaakpay payment gateway and QR and soundbox and EDC solutions for payment processing.

The company maintains 176.4 million registered users and 4.6 million merchants who make it India’s largest wallet by value with 21% market share of PPI transaction value as of March 2025. The company operates from two Indian offices while focusing on the national market with no significant export activities. The Group maintained five consolidated subsidiaries throughout FY 2024–25. The company reached its first mobile wallet launch in 2009 and started digital lending in 2018 and released Pocket UPI in 2023 before achieving a successful market entry on December 18, 2024  . The company maintains its registered office and main business operations at Gurugram Haryana in India. The company operates from India with its main office located in Gurugram, Haryana. The company operates from India with its main office located in Gurugram, Haryana. 

One MobiKwik Systems Limited’s Business Segments

The company operates through two main segments which generate 90% of its total revenue: Payment Services and Financial Services. The company generates 63% of its revenue from Payment Services and 34% from Financial Services. The company operates in India and abroad with exports making up 0.007% of its total revenue. The remaining portion of the business operates within the domestic market. The company operates from two offices in India while serving the entire national market with no international sales. The company operates from two offices in India while serving the entire national market with no international sales. 

One MobiKwik Systems Limited Key Management

• Bipin Preet Singh serves as the Managing Director and Chief Executive Officer of the company. Upasana Rupkrishan Taku serves as Chairperson and Whole-time Director and Chief Financial Officer. Ankita Sharma serves as the Company Secretary. The latest news from the company includes an IPO and stock market listing. 
• The company issued 572 crores through a book-built IPO in December 2024 before listing its shares on December 18, 2024 when they reached double their initial value (NSE listing at Rs 440; BSE at Rs 442.25).
• CBDC e-rupee wallet: The company launched a production-grade e-rupee wallet with RBI and Yes Bank to support P2P and P2M transactions and UPI-interoperable scans with daily and transaction limits of Rs 50,000 and Rs 10,000 respectively. 
• The company introduced Pocket UPI in December 2023 which enables users to make UPI QR payments from their wallet funds without needing a bank account connection while providing instant PIN-less payments and bank outage protection with a wallet capacity of Rs 2 lakh. The First Card service enables users to access RuPay credit through UPI while providing a protected credit line that works with all merchant QRs. 
• The Zaakpay payment aggregator business received RBI approval and the company added in-chat payment capabilities to WhatsApp to enable MSMEs to accept payments from cards and UPI and wallet and ZIP and Pocket UPI through a single SDK.
• Recognitions: Featured at Digital Payments Awards 2025 and India Fintech Awards 2025.