New Delhi, April 27 -- One MobiKwik Systems Ltd expects to see margins improve after the Reserve Bank of India approved its application for a non-banking financial company (NBFC) licence, the company's top executive told Mint.

This marks a key regulatory milestone for the listed fintech as it looks to deepen its lending business. The licence will sit under wholly owned subsidiary MobiKwik Financial Services Pvt Ltd.

"We have got this NBFC license to make our business more efficient and improve on margins," said Bipin Preet Singh, chief executive officer of MobiKwik. Most of MobiKwik's financial services revenue currently comes from lending, Singh said, adding that securing an NBFC licence is a logical next step.

Financial services is o...