One MobiKwik Systems has achieved a significant milestone in India's competitive digital payments landscape by securing its position among the top three fastest-growing UPI applications during Q2FY26. The company demonstrated exceptional performance with remarkable transaction growth that underscores its expanding market presence and strengthened user engagement.

Outstanding UPI Transaction Performance

The digital payments platform recorded impressive growth metrics during the reporting period. MobiKwik's UPI transactions grew by 38% quarter-on-quarter, while UPI Gross Merchandise Value (GMV) increased by 28%, reflecting increasing engagement from both new and existing users.

Pocket UPI Emerges as Major Growth Engine

The momentum has been further strengthened by the rapid adoption of Pocket UPI, MobiKwik's wallet-powered UPI feature. Pocket UPI has become a central driver of MobiKwik's UPI scale, enabling users to make UPI payments directly from their MobiKwik Wallet by scanning any QR code or paying via mobile number or UPI ID without linking their primary bank account.

This innovative feature gives users more control over their digital spending, keeps bank statements clutter-free, and reduces exposure of sensitive banking details, making Pocket UPI a safer, cleaner, and more convenient option for everyday payments.

Enhanced User Experience and Market Position

MobiKwik's growth has been driven by continued focus on strengthening its product experience. The app offers a seamless, responsive interface, strengthened by optimized payment flows, faster load times, and improved routing logic, all contributing to higher transaction success rates.

Upasana Taku, Executive Director, CFO and Co-Founder of MobiKwik, commented on the growth: "The NPCI data highlights the strong, broad-based adoption of UPI on our platform across the country. Sustained growth across both volume and value reflects the increasing trust users and merchants place in us. As digital payments become integral to everyday life, our focus remains on reliability, safety, and serving the evolving needs of India."

Strategic Growth and Market Impact

This milestone reinforces the company's strategic focus on UPI services and highlights its competitive capabilities in delivering reliable digital payment solutions to Indian consumers. The platform continues to gain traction in high-frequency categories such as retail groceries, food dining, and fuel among others.

MobiKwik's achievement comes at a time when India's UPI ecosystem continues to experience robust growth across various platforms, with the company's strong performance contributing to the overall expansion of digital payment adoption in the country.

One Mobikwik Systems , a prominent player in the Indian fintech space, may be on the verge of a financial turnaround, according to recent statements from the company's Chief Financial Officer (CFO).

Projected Financial Milestones

The CFO of One Mobikwik Systems has expressed optimism about the company's financial trajectory, anticipating two significant milestones:

1. The company is expected to achieve positive EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) in the third quarter of the current fiscal year.
2. There's a possibility of reaching positive Profit After Tax (PAT) in either the third or fourth quarter.

These projections signal a potential shift in the company's financial performance, which has been characterized by losses in recent quarters.

Recent Financial Performance

To put these projections into context, let's examine One Mobikwik Systems' recent financial data:

As evident from the table, One Mobikwik Systems has been experiencing negative EBITDA and net losses in recent quarters. However, there's a noticeable trend of improvement, with losses narrowing over time.

Implications of Potential Turnaround

If the CFO's projections materialize, it would mark a significant milestone for One Mobikwik Systems. Achieving positive EBITDA and potentially positive PAT could indicate:

1. Improved operational efficiency
2. Better cost management
3. Possible growth in revenue or market share

However, it's important to note that these are forward-looking statements and actual results may vary based on market conditions and other factors.

Investor Considerations

While the CFO's projections are encouraging, investors should consider:

1. The competitive landscape of the fintech industry in India
2. Regulatory changes that may impact the sector
3. The company's ability to sustain and build upon this potential turnaround

As One Mobikwik Systems approaches these projected milestones, market observers will be keenly watching for signs of sustained profitability and growth in the coming quarters.