New Delhi, Nov. 13 -- Payment platform MobiKwik has secured a Certificate of Registration (CoR) from the Reserve Bank of India, to operate as a Non-Banking Financial Company (NBFC) and will likely commence operations in three to six months.

One MobiKwik Systems in a release said the registration has been acquired by its wholly owned subsidiary, MobiKwik Financial Services (MFSPL). This comes after the RBI granted in-principle approval in April this year. This "marks a significant milestone in MobiKwik's strategy to deepen its financial services offerings," the statement added.

Notably, the NBFC launch builds on the momentum in MobiKwik's existing financial services business, the company said. It added that in Q2 FY27, lending disbursal ...