One Mobikwik Systems
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Fees to bring payment apps revenue of up to $1.1 billion a year by March 2028, Bernstein estimates
PhonePe and Google Pay handled 80% of UPI payment values last month
0.4% merchant fee applies from October 15 on UPI transactions above 2,000 rupees
New income may make rural expansion more viable for dominant apps, sources say
By Jaspreet Kalra and Ashwin Manikandan
MUMBAI, Sept 22 (Reuters) - Walmart-backed PhonePe and Google Pay could earn hundreds of millions of dollars a year in extra revenue from India's move to allow merchant fees on its widely used Unified Payments Interface (UPI) digital payment network, entrenching the dominant apps' lead over smaller rivals.
The end of UPI's six-year reign as a free network will give PhonePe and Google Pay, which together accounted for 80% of UPI payment values last month, the firepower to expand to rural areas, while prompting rivals to chase higher-value transactions to draw users and fees.
But the boost for the dominant incumbents could also renew focus on the level of market concentration regulators may be comfortable with.
UPI, used by over 500 million people in India to pay for everything from roadside cups of tea to iPhones, will cease to be free from October 15 after regulators last week permitted a 0.4% fee to be charged to merchants on transactions exceeding 2,000 rupees ($21).
The new fee, called the merchant discount rate (MDR), is expected to generate annual revenue of up to $1.1 billion for payment apps by March 2028, according to estimates by brokerage Bernstein. That would mean PhonePe and Google Pay would get about $900 million of that sum, based on their market share.
"The introduction of MDR is a positive step towards offsetting substantial operational costs and liabilities," said Rahul Chari, co-founder at PhonePe.
The change marks a shift for an ecosystem built around free payments, whose rapid adoption was driven by factors including India's 2016 demonetisation, which withdrew a large chunk of high-denomination currency from circulation, the COVID-19 pandemic and heavy customer incentives.
It also brings UPI closer to the models of global retail payment systems such as China's Alipay, Singapore's PayNow and Pix in Brazil, where fees range from 0.6% to 1.5%.
But the UPI fee has also drawn political criticism and prompted concerns that merchants could pass the cost on to consumers, potentially encouraging a shift back to cash in Asia's third-largest economy.
MAKING A RURAL PUSH VIABLE
The new revenue pool could give PhonePe and Google Pay greater incentive to expand beyond large urban centres into rural India, an expansion that was previously less commercially viable, according to two industry sources familiar with internal discussions at the firms.
Payments outside large urban areas may be smaller, but transaction data can help companies offer tailored loans and other financial products to bring in revenue, one of the sources said.
Google Pay did not respond to an email seeking comment, while PhonePe did not share specifics about its plans. The sources spoke on the condition of anonymity as they are not authorised to speak to the media.
Greater firepower for the two players, though, could also revive questions over whether regulators will try again to check their dominance in UPI payments.
The National Payments Corporation of India, a quasi-regulator and operator of UPI, has twice deferred a decision on imposing a 30% market-share cap.
Smaller rivals, meanwhile, are likely to target higher-value transactions such as ticket bookings, business payments and utility bills, while expanding credit offerings on UPI, executives and analysts said.
"Now I can give a direct reason to my team why we should continue to invest and grow the UPI ecosystem," said Bipin Preet Singh, co-founder of MobiKwik, which ranks 15th on the tally of most frequently used apps for UPI payments.
He expects the fee to push players towards bill payments and online commerce, as the industry shifts toward person-to-merchant payments over promoting peer-to-peer transfers.
Some venture investors, though, caution that the reform arrives late and may be skewed towards larger players.
"It might on the margins help smaller players with existing distribution, but the largest benefits are likely to accrue to large firms like PhonePe or Google Pay," said Joseph Sebastian, vice president for investments at Blume Ventures.
MERCHANTS EXPECT TO ABSORB FEE COSTS
While regulations prohibit merchants from explicitly passing on the cost, industry executives expect some degree of indirect pass-through.
But the Indian central bank, analysts at Bernstein, industry executives and half a dozen retail merchants Reuters spoke to in Mumbai said that a shift back towards cash is unlikely.
Govind Rawal, manager at a large clothing retailer named Suvidha in Mumbai's Dadar area, said about 80% of his shop's daily revenue of about 2 million rupees ($21,000) flows via UPI and he does not intend to pass on the cost.
"Customers are too used to UPI and the cost is quite small, so it doesn't make too much difference," he said.
In another Mumbai locality, 31-year-old Mahendra Vishnoi, who was shopping for household items, said he mostly uses UPI for everyday payments and hopes merchants do not raise prices to offset the fees, even though a small increase would not necessarily send him back to cash.
"The fees shouldn't keep rising in the future though. If it stays where it is for a few years, it should be fine."
(Reporting by Jaspreet Kalr and Ashwin Manikandan in Mumbai; Editing by Muralikumar Anantharaman)
(([email protected];))
Fees to bring payment apps revenue of up to $1.1 billion a year by March 2028, Bernstein estimates
PhonePe and Google Pay handled 80% of UPI payment values last month
0.4% merchant fee applies from October 15 on UPI transactions above 2,000 rupees
New income may make rural expansion more viable for dominant apps, sources say
By Jaspreet Kalra and Ashwin Manikandan
MUMBAI, Sept 22 (Reuters) - Walmart-backed PhonePe and Google Pay could earn hundreds of millions of dollars a year in extra revenue from India's move to allow merchant fees on its widely used Unified Payments Interface (UPI) digital payment network, entrenching the dominant apps' lead over smaller rivals.
The end of UPI's six-year reign as a free network will give PhonePe and Google Pay, which together accounted for 80% of UPI payment values last month, the firepower to expand to rural areas, while prompting rivals to chase higher-value transactions to draw users and fees.
But the boost for the dominant incumbents could also renew focus on the level of market concentration regulators may be comfortable with.
UPI, used by over 500 million people in India to pay for everything from roadside cups of tea to iPhones, will cease to be free from October 15 after regulators last week permitted a 0.4% fee to be charged to merchants on transactions exceeding 2,000 rupees ($21).
The new fee, called the merchant discount rate (MDR), is expected to generate annual revenue of up to $1.1 billion for payment apps by March 2028, according to estimates by brokerage Bernstein. That would mean PhonePe and Google Pay would get about $900 million of that sum, based on their market share.
"The introduction of MDR is a positive step towards offsetting substantial operational costs and liabilities," said Rahul Chari, co-founder at PhonePe.
The change marks a shift for an ecosystem built around free payments, whose rapid adoption was driven by factors including India's 2016 demonetisation, which withdrew a large chunk of high-denomination currency from circulation, the COVID-19 pandemic and heavy customer incentives.
It also brings UPI closer to the models of global retail payment systems such as China's Alipay, Singapore's PayNow and Pix in Brazil, where fees range from 0.6% to 1.5%.
But the UPI fee has also drawn political criticism and prompted concerns that merchants could pass the cost on to consumers, potentially encouraging a shift back to cash in Asia's third-largest economy.
MAKING A RURAL PUSH VIABLE
The new revenue pool could give PhonePe and Google Pay greater incentive to expand beyond large urban centres into rural India, an expansion that was previously less commercially viable, according to two industry sources familiar with internal discussions at the firms.
Payments outside large urban areas may be smaller, but transaction data can help companies offer tailored loans and other financial products to bring in revenue, one of the sources said.
Google Pay did not respond to an email seeking comment, while PhonePe did not share specifics about its plans. The sources spoke on the condition of anonymity as they are not authorised to speak to the media.
Greater firepower for the two players, though, could also revive questions over whether regulators will try again to check their dominance in UPI payments.
The National Payments Corporation of India, a quasi-regulator and operator of UPI, has twice deferred a decision on imposing a 30% market-share cap.
Smaller rivals, meanwhile, are likely to target higher-value transactions such as ticket bookings, business payments and utility bills, while expanding credit offerings on UPI, executives and analysts said.
"Now I can give a direct reason to my team why we should continue to invest and grow the UPI ecosystem," said Bipin Preet Singh, co-founder of MobiKwik, which ranks 15th on the tally of most frequently used apps for UPI payments.
He expects the fee to push players towards bill payments and online commerce, as the industry shifts toward person-to-merchant payments over promoting peer-to-peer transfers.
Some venture investors, though, caution that the reform arrives late and may be skewed towards larger players.
"It might on the margins help smaller players with existing distribution, but the largest benefits are likely to accrue to large firms like PhonePe or Google Pay," said Joseph Sebastian, vice president for investments at Blume Ventures.
MERCHANTS EXPECT TO ABSORB FEE COSTS
While regulations prohibit merchants from explicitly passing on the cost, industry executives expect some degree of indirect pass-through.
But the Indian central bank, analysts at Bernstein, industry executives and half a dozen retail merchants Reuters spoke to in Mumbai said that a shift back towards cash is unlikely.
Govind Rawal, manager at a large clothing retailer named Suvidha in Mumbai's Dadar area, said about 80% of his shop's daily revenue of about 2 million rupees ($21,000) flows via UPI and he does not intend to pass on the cost.
"Customers are too used to UPI and the cost is quite small, so it doesn't make too much difference," he said.
In another Mumbai locality, 31-year-old Mahendra Vishnoi, who was shopping for household items, said he mostly uses UPI for everyday payments and hopes merchants do not raise prices to offset the fees, even though a small increase would not necessarily send him back to cash.
"The fees shouldn't keep rising in the future though. If it stays where it is for a few years, it should be fine."
(Reporting by Jaspreet Kalr and Ashwin Manikandan in Mumbai; Editing by Muralikumar Anantharaman)
(([email protected];))
The National Payments Corporation of India introduced a merchant discount rate of up to 0.4% on unified payments interface person-to-merchant transactions above Rs 2,000 with effect from 15 October 2026. One Mobikwik Systems stood to earn the fee both as a third-party application provider on the person-to-merchant share of its consumer UPI volumes and as an acquirer on its merchant volumes, with no charge permitted on customers. Payments accounted for 73% of the company's standalone turnover in FY26, with net payments margin at 16 basis points in the March quarter on gross merchandise value of Rs 524bn that grew 58% from a year earlier on UPI-led volumes that carried no charge. Consolidated revenue from operations was Rs 1,119 crore in FY26. The company served 193 million users and 5.02 million merchants and held payment-aggregator online authorisation since April 2025 with in-principle physical approval granted in May 2026.
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The National Payments Corporation of India introduced a merchant discount rate of up to 0.4% on unified payments interface person-to-merchant transactions above Rs 2,000 with effect from 15 October 2026. One Mobikwik Systems stood to earn the fee both as a third-party application provider on the person-to-merchant share of its consumer UPI volumes and as an acquirer on its merchant volumes, with no charge permitted on customers. Payments accounted for 73% of the company's standalone turnover in FY26, with net payments margin at 16 basis points in the March quarter on gross merchandise value of Rs 524bn that grew 58% from a year earlier on UPI-led volumes that carried no charge. Consolidated revenue from operations was Rs 1,119 crore in FY26. The company served 193 million users and 5.02 million merchants and held payment-aggregator online authorisation since April 2025 with in-principle physical approval granted in May 2026.
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** Shares of One MobiKwik Systems ONEM.NS rise 6% to 217.4 rupees, their sharpest gain in over 3 weeks
** Digital banking platform posts Q1 consol profit of 76.2 million rupees ($800,693.51) vs 4.19 billion rupees loss a year ago; rev up 3.7%
** Lower payment processing charges drove a 12.6% decline in total expenses, helping co return to profit
** Stock down 9.4% YTD
($1 = 95.1675 Indian rupees)
(Reporting by Aleef Jahan in Bengaluru)
** Shares of One MobiKwik Systems ONEM.NS rise 6% to 217.4 rupees, their sharpest gain in over 3 weeks
** Digital banking platform posts Q1 consol profit of 76.2 million rupees ($800,693.51) vs 4.19 billion rupees loss a year ago; rev up 3.7%
** Lower payment processing charges drove a 12.6% decline in total expenses, helping co return to profit
** Stock down 9.4% YTD
($1 = 95.1675 Indian rupees)
(Reporting by Aleef Jahan in Bengaluru)
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)
(([email protected];))
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)
(([email protected];))
May 26 (Reuters) - One MobiKwik Systems Ltd ONEM.NS:
ONE MOBIKWIK SYSTEMS LTD - RECEIVES RBI IN-PRINCIPLE APPROVAL FOR PAYMENT AGGREGATOR - PHYSICAL LICENSE
Source text: ID:nNSE9XQkKz
Further company coverage: ONEM.NS
(([email protected];))
May 26 (Reuters) - One MobiKwik Systems Ltd ONEM.NS:
ONE MOBIKWIK SYSTEMS LTD - RECEIVES RBI IN-PRINCIPLE APPROVAL FOR PAYMENT AGGREGATOR - PHYSICAL LICENSE
Source text: ID:nNSE9XQkKz
Further company coverage: ONEM.NS
(([email protected];))
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
(([email protected];))
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
(([email protected];))
April 28 (Reuters) - Venture capital firm Peak XV Partners has exited Indian fintech firm One MobiKwik Systems ONEM.NS in a block deal worth over 1.30 billion rupees ($13.76 million), a source with direct knowledge of the matter told Reuters on Tuesday.
($1 = 94.4600 Indian rupees)
(Reporting by Vibhuti Sharma; Writing by Surbhi Misra; Editing by Sonia Cheema)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
April 28 (Reuters) - Venture capital firm Peak XV Partners has exited Indian fintech firm One MobiKwik Systems ONEM.NS in a block deal worth over 1.30 billion rupees ($13.76 million), a source with direct knowledge of the matter told Reuters on Tuesday.
($1 = 94.4600 Indian rupees)
(Reporting by Vibhuti Sharma; Writing by Surbhi Misra; Editing by Sonia Cheema)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
April 27 (Reuters) - One MobiKwik Systems Ltd ONEM.NS:
ONE MOBIKWIK SYSTEMS LTD - RECEIVES RBI APPROVAL FOR NBFC LICENSE APPLICATION
ONE MOBIKWIK SYSTEMS LTD - TO LAUNCH MOBIKWIK FINANCIAL SERVICES PRIVATE LIMITED AS NBFC SUBSIDIARY
Source text: ID:nNSE10HRZ1
Further company coverage: ONEM.NS
(([email protected];))
April 27 (Reuters) - One MobiKwik Systems Ltd ONEM.NS:
ONE MOBIKWIK SYSTEMS LTD - RECEIVES RBI APPROVAL FOR NBFC LICENSE APPLICATION
ONE MOBIKWIK SYSTEMS LTD - TO LAUNCH MOBIKWIK FINANCIAL SERVICES PRIVATE LIMITED AS NBFC SUBSIDIARY
Source text: ID:nNSE10HRZ1
Further company coverage: ONEM.NS
(([email protected];))
** 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)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
** 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)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
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
(([email protected];))
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
(([email protected];))
** 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)
** 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)
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
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
** 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)
(([email protected];))
** 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)
(([email protected];))
** 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)
(([email protected]; Mobile: +91 9591011727;))
** 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)
(([email protected]; Mobile: +91 9591011727;))
** India's One MobiKwik Systems ONEM.NS set for busiest day in three months as 8.8% stake changes hands in a large deal
** ONEM up 2.8% at 252.2 rupees, recovers from a 5.5% drop at open
** More than 6.8 million shares, representing 8.8% stake in co, change hands in a large deal on NSE at 231.1 rupees, a discount of 6.4% to previous close
** Foreign investor Net1 Applied Technologies Netherlands BV likely seller, as per news reports
** Overall, more than 18 million shares traded in ONEM on Thursday, highest since March 21
** YTD, ONEM down 57%
(Reporting by Vivek Kumar M)
(([email protected];))
** India's One MobiKwik Systems ONEM.NS set for busiest day in three months as 8.8% stake changes hands in a large deal
** ONEM up 2.8% at 252.2 rupees, recovers from a 5.5% drop at open
** More than 6.8 million shares, representing 8.8% stake in co, change hands in a large deal on NSE at 231.1 rupees, a discount of 6.4% to previous close
** Foreign investor Net1 Applied Technologies Netherlands BV likely seller, as per news reports
** Overall, more than 18 million shares traded in ONEM on Thursday, highest since March 21
** YTD, ONEM down 57%
(Reporting by Vivek Kumar M)
(([email protected];))
** 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)
(([email protected];))
** 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)
(([email protected];))
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
(([email protected];;))
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
(([email protected];;))
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
(([email protected];;))
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:]
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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)
(([email protected];))
** 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)
(([email protected];))
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 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 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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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:]
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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:]
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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
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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 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
(([email protected];))
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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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)
(([email protected];))
** 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)
(([email protected];))
** 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)
** 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)
** India's Nifty 50 .NSEI and BSE Sensex .BSESN drop 0.7% each
** Smallcaps .NIFSMCP100 and midcaps .NIFMDCP100 fall ~1% each
** Eleven out of 13 subsectors decline; top 2 Nifty 50 stocks - HDFC Bank HDBK.NS and ICICI Bank ICBK.NS - down over 1% each
** Analysts say investors, particularly foreigners, cautious ahead of Fed rate decision today, with 2025 rate outlook being eyed
** Foreign investors net sold $755 mln worth of Indian stocks on Tues
** Fed will most likely deliver 25-bp cut today, next year's projections are less certain
** U.S. rate cuts help emerging market assets, such as Indian stocks, as they boost foreign inflows
** Nifty trading below 50-day moving average after closing in that territory on Tues
** Defying wider declines, MobiKwik ONEM.NS jumps 86% in debut trade
** Vishal Mega Mart VSSL.NS and Sai Life Sciences SAIE.NS climb 41% and 34%, respectively, in market debuts
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
** India's Nifty 50 .NSEI and BSE Sensex .BSESN drop 0.7% each
** Smallcaps .NIFSMCP100 and midcaps .NIFMDCP100 fall ~1% each
** Eleven out of 13 subsectors decline; top 2 Nifty 50 stocks - HDFC Bank HDBK.NS and ICICI Bank ICBK.NS - down over 1% each
** Analysts say investors, particularly foreigners, cautious ahead of Fed rate decision today, with 2025 rate outlook being eyed
** Foreign investors net sold $755 mln worth of Indian stocks on Tues
** Fed will most likely deliver 25-bp cut today, next year's projections are less certain
** U.S. rate cuts help emerging market assets, such as Indian stocks, as they boost foreign inflows
** Nifty trading below 50-day moving average after closing in that territory on Tues
** Defying wider declines, MobiKwik ONEM.NS jumps 86% in debut trade
** Vishal Mega Mart VSSL.NS and Sai Life Sciences SAIE.NS climb 41% and 34%, respectively, in market debuts
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
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Popular questions
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What does One Mobikwik Systems do?
One Mobikwik Systems is a platform business at its core, that has a two-sided payments network, consisting of consumers and merchants. The principal activities of the company and its subsidiaries consist of issuing and operating prepaid payment instrument (Wallet Payment System) and providing payment gateway services. The users use their MobiKwik wallet for transferring money, for paying their utility bills (prepaid recharge, post-paid mobile, landline, electricity, TV, etc.) and for shopping online on e-commerce websites. The company has also provided financial services platform facilitating various loan products in association with financing partners.
Who are the competitors of One Mobikwik Systems?
One Mobikwik Systems major competitors are One97 Communications. Market Cap of One Mobikwik Systems is ₹1,547 Crs. While the median market cap of its peers are ₹1,06,815 Crs.
Is One Mobikwik Systems financially stable compared to its competitors?
One Mobikwik Systems seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does One Mobikwik Systems pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. One Mobikwik Systems latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has One Mobikwik Systems allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is One Mobikwik Systems balance sheet?
Balance sheet of One Mobikwik Systems is moderately strong.
Is the profitablity of One Mobikwik Systems improving?
Yes, profit is increasing. The profit of One Mobikwik Systems is -₹12.57 Crs for TTM, -₹62.1 Crs for Mar 2026 and -₹121.53 Crs for Mar 2025.
Is the debt of One Mobikwik Systems increasing or decreasing?
Yes, The net debt of One Mobikwik Systems is increasing. Latest net debt of One Mobikwik Systems is -₹1,525.1 Crs as of Mar-26. This is greater than Mar-25 when it was -₹1,666.71 Crs.
Is One Mobikwik Systems stock expensive?
One Mobikwik Systems is expensive when considering the EV/EBIDTA, however latest PE is < 3 yr avg PE. Latest PE of One Mobikwik Systems is 0, while 3 year average PE is 85.05. Also latest EV/EBITDA of One Mobikwik Systems is 97.34 while 3yr average is 10.7.
Has the share price of One Mobikwik Systems grown faster than its competition?
One Mobikwik Systems has given lower returns compared to its competitors. One Mobikwik Systems has grown at ~-33.67% over the last 1yrs while peers have grown at a median rate of 47.19%
Is the promoter bullish about One Mobikwik Systems?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in One Mobikwik Systems is 25.08% and last quarter promoter holding is 25.08%.
Are mutual funds buying/selling One Mobikwik Systems?
The mutual fund holding of One Mobikwik Systems is decreasing. The current mutual fund holding in One Mobikwik Systems is 0.06% while previous quarter holding is 0.67%.