What’s the news?
Mobikwik’s wholly-owned subsidiary, MobiKwik Securities Broking Pvt Ltd (MSBPL), received SEBI registration on July 1, 2025, enabling it to operate as a stockbroker and clearing member—authorized for equity trades, clearing, and settlement.
Why it matters?
- Represents a strategic step in Mobikwik’s evolution from a digital payments provider to a full-stack fintech platform, enabling it to offer stock trading alongside payments, mutual funds, SIPs, digital gold, and credit services.
- Joins established competitors like Groww, Zerodha, AngelOne, Upstox, and ICICI Direct in the retail broking space.
Background
This is Mobikwik’s second major regulatory approval this quarter—earlier, its Zaakpay arm received RBI authorization as a payment aggregator in April.
What’s Next for Mobikwik?
- MSBPL will seek membership with stock and commodity exchanges.
- Plans include potential expansion into online bond trading.
- The company aims to leverage its existing 176 million users and 4.6 million merchants for broking adoption.
