India, April 28 -- MobiKwik's Big Credit Bet Begins

MobiKwik is inching closer to becoming a full-stack fintech player. The listed fintech company has finally secured the NBFC licence from the RBI. The nod will open the doors for MobiKwik to build an in-house lending division and move beyond its payments mainstay.

No Longer A Middleman: Until now, MobiKwik relied on external lenders to offer loans and credit cards. The NBFC licence brings the capability closer to home, giving the company more control over product design, distribution and customer experience. Besides a faster go-to-market strategy, the NBFC edge will also give the fintech major the flexibility to offer both secured and unsecured loans to a broader base of consumers. ...