RBI Grade BNABARD ESISEBI
In one line
Context:
Zaakpay, the business payments arm of MobiKwik, has received final RBI approval to operate as a licensed Online Payment Aggregator in India. This approval allows Zaakpay to legally process digital payments for businesses under Indian law.
Why This Approval Matters
Regulatory Significance:
- The RBI license certifies strong compliance, data security, and operational transparency.
- Comes amid RBI’s crackdown on unlicensed payment aggregators who were barred from onboarding new merchants.
Strategic Impact for MobiKwik
- Enables Zaakpay to scale legally and securely, targeting more partnerships and expanding digital services.
- Boosts market credibility and merchant confidence in MobiKwik’s B2B payment ecosystem.
What Zaakpay Offers
Payment Services:
“RBI MPC Unpacked: Key Theory Meets Today’s Macro Trends”Tap to play · from the C4S channel
- Supports over 100 payment methods:
- UPI, credit/debit cards, net banking, wallets, EMI
- Features:
- Fast checkout, QR payments, instant daily settlements
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Key Partnerships:
- Meta (WhatsApp-based payments) in healthcare and transport (2024)
- Offers credit/debit EMI for greater payment flexibility
Market Reaction & Share Performance
Business Expansion Focus:
- SaaS, healthcare, logistics, Tier-2/3 cities
- Invests in AI-led fraud checks, real-time settlements, and custom checkout solutions
Long-Term Outlook:
- Poised to become a core growth engine for MobiKwik’s enterprise vertical
- Improved services and compliance may restore investor confidence
