MobiKwik expands FX Retail to six currencies on app
- One MobiKwik Systems Ltd expanded FX Retail to six currencies: AED, CAD, GBP, EUR, CHF, and USD
- Launch occurred on September 10, 2026, at Global Fintech Fest 2026
- Company is the only private player offering multi-currency FX solution with NPCI Bharat BillPay Limited
- NBBL processed ₹111.91 million in forex transactions in first four months of FY2026–27

*this image is generated using AI for illustrative purposes only.
One MobiKwik Systems Ltd announced the expansion of its FX Retail service to six currencies, adding AED, CAD, GBP, EUR and CHF to its existing USD offering. The launch occurred on September 10, 2026, at the Global Fintech Fest (GFF) 2026.
This expansion positions One MobiKwik Systems Ltd as the only private player to offer a multi-currency FX Retail solution in partnership with NPCI Bharat BillPay Limited (NBBL). The service enables digital booking of foreign currency, Forex card top-ups, and overseas remittances for resident individuals.
Service Details and Limits
The offering provides live bank-linked pricing for greater transparency. Customers can collect currency notes through branches or process remittances via bank redirection and branch channels. Same-day fulfilment is available subject to regulatory requirements.
Transaction limits for resident individuals are structured as follows:
| Transaction Type | Limit |
|---|---|
| Currency Notes | USD 3,000 equivalent per transaction |
| Card and Remittance Services | USD 10,000 equivalent per transaction |
Validation requires PAN and primary-account-holder checks. These limits apply across all supported currencies.
Market Context
MobiKwik initially launched its digital foreign exchange offering at GFF 2025 with USD transactions only. The broader Forex category on Bharat Connect has seen significant activity, with NBBL processing transactions worth ₹111.91 million during the first four months of FY2026–27. These transactions involve provider banks and participating payment platforms.
What the Numbers Show
The rapid expansion from a single currency to six within one year indicates a strategic push to capture a larger share of the digital forex market. With NBBL processing ₹111.91 million in just four months of FY2026–27, the underlying demand for digital forex services appears robust, validating MobiKwik’s decision to broaden its product suite beyond USD.
Bipin Preet Singh, Co-founder, MD & CEO, MobiKwik, stated that the goal is to simplify financial experiences as Indians increasingly travel, study, and transact overseas. The company aims to make foreign exchange more accessible through transparent pricing and a seamless app experience.
Historical Stock Returns for One Mobikwik Systems
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.08% | +5.47% | -2.42% | +8.02% | -36.89% | 0.0% |
How might the expansion to six currencies impact MobiKwik's competitive positioning against traditional banks and other fintech players in the Indian forex market?
What regulatory hurdles could arise as MobiKwik scales its multi-currency offerings, particularly regarding RBI guidelines on digital forex transactions?
Will the introduction of live bank-linked pricing and same-day fulfillment significantly reduce the market share of offline forex providers for Indian travelers?


































