MOBIKWIK

By Nishit Navin

BENGALURU, May 27 (Reuters) - Indian fintech firm MobiKwik ONEM.NS is targeting a 50-billion-rupee ($522.5 million) loan book from its in-house non-banking financial company (NBFC) over the next three to five years as it increases focus on merchant lending, its CEO said.

The Gurugram-based firm, which offers payments services and financial products to consumers and merchants, received central bank approval for a non-bank lending licence in April. Currently, it operates as a lending service provider, distributing loans through partner lenders.

MobiKwik Financial Services will allow the firm to take lending risk on its own balance sheet and reduce dependence on partners, Bipin Preet Singh told Reuters in an interview on Wednesday.

"Doing (just) a 10-billion-rupee NBFC is not our ambition. Our goal is that at least in the next three to five years, we will have a book of 50 billion rupees," he said.

The company's current loan book with partner lenders stands at "a couple of thousand crores" or around 20 billion rupees, according to Singh.

MobiKwik expects to begin NBFC operations in the December 2026 quarter with consumer loans, with an aim to soon expand into merchant lending, which Singh described as a key focus.

The company has doubled down on its merchant business with increased investments and expects to grow it tenfold by fiscal 2028. Singh did not disclose the current size of the business.

The increased push into merchant business comes at a time when payments revenue growth has remained under pressure, weighed by a higher mix of consumer transactions via India's Unified Payments Interface (UPI) facility. UPI payments carry no fees for users.

Fourth-quarter revenue in this segment was flat year-on-year at 2.12 billion rupees.

However, its gross merchandise value rose 58%, with Singh saying the sharp rise would translate into revenue growth over time through cross-selling of loans.

"The more payments you process on the consumer side, you have more profiles, you have more active customers, right? So technically you can give more loans," he said.

($1 = 95.6900 Indian rupees)

(Reporting by Nishit Navin; Editing by Janane Venkatraman)

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** Shares of One Mobikwik Systems ONEM.NS jump 6% to 202.58 rupees

** Fintech co receives in-principle approval for offline payment aggregator license from Reserve Bank of India

** License will enable co to deepen its offline merchant payments business across India

** Co targeting 10x growth in merchant business by FY28

** YTD, ONEM down ~13%

(Reporting by Vijay Malkar)

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May 12 (Reuters) - One MobiKwik Systems Ltd ONEM.NS:

• ONE MOBIKWIK SYSTEMS MARCH-QUARTER CONSOL PROFIT 43.8 MILLION RUPEES

• ONE MOBIKWIK SYSTEMS MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 2.89 BILLION RUPEES

Further company coverage: ONEM.NS

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Adds comment disclosure in the last bullet

By Vibhuti Sharma

April 28 (Reuters) - Venture capital firm Peak XV Partners exited Indian fintech firm One MobiKwik Systems ONEM.NS in a block deal worth over 1.30 billion rupees ($13.76 million) on Tuesday, a source with direct knowledge of the matter told Reuters.

Here are the details:

• Peak XV sold about 6.08 million shares, or roughly 7.7% equity, at an average price of 214 rupees per share, the source, who did not want to be identified as the transaction is confidential, said.

• Investment firms Florintree Advisors, Viridian Asset Management, Dymon Asia, and Karma Capital were among the buyers in the block deal, the source said.

• Peak XV had been an early institutional investor in One MobiKwik and the sale marks its complete exit from the fintech firm following the block transaction, the source said.

• One MobiKwik Systems did not immediately respond to a Reuters request for comment.

($1 = 94.4600 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru; Editing by Harikrishnan Nair)

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Adds details throughout

BENGALURU, April 27 (Reuters) - Indian fintech firm One MobiKwik Systems ONEM.NS said on Monday that its group has received approval from the Reserve Bank of India for a non-banking financial company (NBFC) licence.

• The licence will allow MobiKwik to launch a lending arm, Mobikwik Financial Services, expanding its regulated credit offering.

• Shares of the company rose 14% after the annoucement.

• One MobiKwik Systems operates a digital wallet and has expanded into the distribution of financial products, including credit and investments.

• The NBFC licence will also enable MobiKwik to roll out lending products faster and improve margins by bringing credit operations in-house, the company said.

• The unit will offer secured and unsecured loans to consumers and small businesses, with a focus on underserved markets.

• The company said non-bank lending operations will begin after it receives a certificate of registration from the central bank on fulfilment of certain conditions.

(Reporting by Nishit Navin; Editing by Sherry Jacob-Phillips)

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** One Mobikwik Systems ONEM.NS rises 5.25% to 212.35 rupees

** Fintech co says wholly-owned unit Mobikwik Securities Broking receives BSE approval to start stock broking operations

** Unit now authorised to carry out equity buying, selling, clearing, settlement on BSE platform

** ONEM down ~13% YTD

(Reporting by Surbhi Misra in Bengaluru)

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Feb 3 (Reuters) - One MobiKwik Systems Ltd ONEM.NS:

• ONE MOBIKWIK SYSTEMS LTD - DEC-QUARTER CONSOL PROFIT 40.5 MILLION RUPEES

• ONE MOBIKWIK SYSTEMS LTD - DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 2.89 BILLION RUPEES

Source text: ID:nBSEbqWYtV

Further company coverage: ONEM.NS

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** Shares of Indian digital payment firms Paytm PAYT.NS and Mobikwik ONEM.NS rise as much as 9.4% and 8.6%, respectively

** India announces revision to increase the incentives for its real-time payments system Unified Payments Interface (UPI) for FY26 to 21.96 billion rupees ($239.55 million) from 4.37 billion rupees

** The increased allocation is expected to provide enhanced incentives for UPI transactions

($1 = 91.6710 Indian rupees)

(Reporting by Urvi Dugar in Bengaluru)

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Oct 1 (Reuters) - One MobiKwik Systems Ltd ONEM.NS:

• ONE MOBIKWIK SYSTEMS LTD - TO INVEST 99.9 MILLION RUPEES IN MOBIKWIK FINANCIAL

Source text: ID:nNSE2pCBPZ

Further company coverage: ONEM.NS

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** One Mobikwik Systems ONEM.NS falls 3.5% to 300.38 rupees

** Digital payments firm says some registered merchants, users colluded to claim unauthorized settlements of 400 mln rupees ($4.6 mln) from co

** Co adds it has recovered 140 mln rupees; estimated net impact due to alleged fraud at 260 mln rupees

** Says it is taking aggressive collection efforts while pursuing legal path to recover full amount

** YTD, ONEM falls ~49%

($1 = 87.7663 Indian rupees)

(Reporting by Vivek Kumar M)

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** Shares of One Mobikwik Systems Ltd ONEM.NS jump nearly 23% over two days, their biggest such gain since mid-March

** Fintech and digital payments firm ONEM up 14% currently, rose 8% on Monday

** Abu Dhabi Investment Authority sold entire 2.5% stake in co via block deal on Monday; BofA Securities bought 0.64% stake

** Over 47.3 million shares change hands, 23x the 30-day avg volume

** On the day, 189,698 ONEM shares change hands in single block deal at 265.71 rupees/share, a premium to last close - NSE data

** ONEM down 54% YTD, while larger rival Paytm PAYT.NS up 23%

(Reporting by Nandan Mandayam in Bengaluru)

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Updates

** India's One MobiKwik Systems ONEM.NS soars 15% to two-week high of 282.3 rupees, set for biggest daily pct gains in more than 3 months

** Stock soars as concerns over supply overhang wane after large deal, analyst

** More than 6.8 million shares, representing 8.8% stake, changed hands in a large deal on NSE at 231.1 rupees, a discount of 6.4% to previous close

** There was an overhang that a large supply of shares could come in after the expiry of lock-in period, says Ambareesh Baliga, an independent market analyst

** "Now that the event is behind, we are seeing a bounce back" - Baliga

** Net1 Applied Technologies Netherlands BV likely seller, per news reports

** Lock-in on 38 million shares, representing 49% of ONEM's outstanding shares expired on June 18, as per Nuvama

** YTD, ONEM still down ~52%

(Reporting by Vivek Kumar M)

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** Shares of One Mobikwik Systems ONEM.NS fall 8% to 247.85 rupees

** Lock-in period for 38 mln shares held by pre-listing shareholders of ONEM ended today, as per Nuvama Alternative & Quantitative Research

** Trading vols at 1.8 mln shares, 1.5x the 30-day average

** ONEM down ~58% YTD

(Reporting by Vijay Malkar)

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April 21 (Reuters) - One MobiKwik Systems Ltd ONEM.NS:

• MOBIKWIK AND POONAWALLA FINCORP TO OFFER INSTANT PERSONAL LOANS

• LOANS RANGE FROM 50,000 RUPEES TO 1.5 MILLION RUPEES

Source text: [ID:]

Further company coverage: ONEM.NS

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March 27 (Reuters) - One MobiKwik Systems Ltd ONEM.NS:

• ONE MOBIKWIK SYSTEMS LTD - FRAUD BY EX-EMPLOYEE OF COMPANY

• ONE MOBIKWIK SYSTEMS - MISAPPROPRIATION OF COMPANY FUNDS BY ALTERING MERCHANT DETAILS

• ONE MOBIKWIK SYSTEMS - AMOUNT INVOLVED IN FRAUD IS 12.6 MILLION RUPEES

Source text: ID:nNSE94tw8D

Further company coverage: ONEM.NS

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March 26 (Reuters) - One MobiKwik Systems Ltd ONEM.NS:

• INCORPORATION OF SUBSIDIARY MOBIKWIK SECURITIES BROKING

Source text: [ID:]

Further company coverage: ONEM.NS

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** Shares of Paytm PAYT.NS fall 4.6% to 727.80 rupees, One Mobikwik Systems ONEM.NS down 5% to 316.90 rupees

** India's union cabinet approved incentive of 15 bln rupees ($174 mln) for low-value UPI transactions between April 1, 2024 to March 31, 2025

** UPI is a real-time payment system to transfer money between bank accounts

** Brokerage Jefferies said government's incentives for low-value UPI transactions are half of last year's despite rise in such transactions

** Introduction of merchant charges (MDR) on UPI transactions could help Paytm in offsetting impact from reduction in UPI incentives, Jefferies says

** Paytm set to fall after gaining for three straight sessions, down ~28% YTD

** ONEM down ~45% in 2025

($1 = 86.2220 Indian rupees)

(Reporting by Vijay Malkar)

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Feb 21 (Reuters) - One MobiKwik Systems Ltd ONEM.NS:

• ONE MOBIKWIK SYSTEMS LTD - TO ACQUIRE 3.39% OF BLOSTEM FINTECH

• ONE MOBIKWIK SYSTEMS LTD - TO INVEST 15 MILLION RUPEES FOR 3.39% BLOSTEM SHARES

Source text: ID:nNSEPKzPC

Further company coverage: ONEM.NS

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Feb 7 (Reuters) - One MobiKwik Systems Ltd ONEM.NS:

• TO INCORPORATE AND INVEST IN WHOLLY-OWNED SUBSIDIARIES

Source text: ID:nNSE8n3rc4

Further company coverage: ONEM.NS

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Feb 4 (Reuters) - One MobiKwik Systems Ltd ONEM.NS:

• ONE MOBIKWIK SYSTEMS DEC-QUARTER CONSOL LOSS 552.8 MILLION RUPEES

• ONE MOBIKWIK SYSTEMS DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 2.69 BILLION RUPEES

Further company coverage: ONEM.NS

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Jan 28 (Reuters) - One MobiKwik Systems Ltd ONEM.NS:

• LAUNCHED FULL VERSION OF CENTRAL BANK DIGITAL CURRENCY (CBDC)

• LAUNCHED FULL VERSION OF CBDC IN PARTNERSHIP WITH RBI AND YES BANK

Source text: [ID:]

Further company coverage: ONEM.NS

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Jan 24 (Reuters) - One MobiKwik Systems Ltd ONEM.NS:

• CHANDAN JOSHI RESIGNS AS CO-FOUNDER & CEO - PAYMENTS DIVISION

Source text: ID:nNSE4g2RPd

Further company coverage: ONEM.NS

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Jan 16 (Reuters) - One MobiKwik Systems Ltd ONEM.NS:

• ONE MOBIKWIK SYSTEMS LTD: MOBIKWIK PARTNERS WITH PIRAMAL FINANCE TO OFFER PERSONAL LOANS

• ONE MOBIKWIK SYSTEMS LTD - PARTNERS WITH PIRAMAL FINANCE TO OFFER PERSONAL LOANS

Source text: ID:nBSE22PtnB

Further company coverage: ONEM.NS

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Jan 7 (Reuters) - One MobiKwik Systems Ltd ONEM.NS:

• ONE MOBIKWIK SYSTEMS LTD SEPT-QUARTER LOSS 29.1 MILLION RUPEES

• ONE MOBIKWIK SYSTEMS LTD SEPT-QUARTER REVENUE FROM OPERATIONS 2.9 BILLION RUPEES

Source text: ID:nBSE4VlPqz

Further company coverage: ONEM.NS

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** Fintech firm One MobiKwik Systems ONEM.NS rises 3.4% to 504 rupees

** Around 229,414 shares traded in two block deals at 527.00 and 527.15 rupees - LSEG

** Deals ~8% premium to last close

** ONEM down ~7% since trading debut on Dec. 18, when it soared 86%

(Reporting by Yagnoseni Das in Bengaluru)

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** Shares of One MobiKwik Systems ONEM.NS gain 8.3% to 572 rupees

** Stock surged 86% in trading debut on Wednesday to 518 rupees vs offer price of 279 rupees, valuing the fintech firm at $474 mln

** ONEM only stock among the three listed on Wed to extend gains on Thurs

** ONEM's peers in listing, budget retailer Vishal Mega Mart VSSL.NS and drugmaker Sai Life Sciences SAIE.NS, down 2% each

** ONEM's $67 mln IPO was subscribed 120 times last week with bids worth $4.7 bln

(Reporting by Kashish Tandon in Bengaluru)

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** Shares of TPG-backed drugmaker Sai Life Sciences SAIE.NS rise 28% to 706.4 rupees in debut trade

** Shares priced at 650 rupees vs offer price of 549 rupees

** SAIE's $353 mln IPO was subscribed 10.3 times last week

** Co benefits from robust product pipeline and serves over 280 clients - KR Choksey Research analysts

** However, significant reliance on key clients, limited diversification across treatment areas and high infrastructure costs pose risks to sustained profitability, brokerage says

** SAIE aims to use IPO proceeds for purposes including repayment or prepayment of outstanding borrowings

** Fintech firm One MobiKwik Systems ONEM.NS and budget retailer Vishal Mega Mart VSSL.NS, which also debuted today, up 77% and 37%, respectively

(Reporting by Ashna Teresa Britto in Bengaluru)

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