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BankingNABARD / RBI

MobiKwik Securities Gets SEBI Nod as Stockbroker

5 July 20251 min read
BANKING & FINANCEMobiKwikSecurities GetsSEBI Nod asStockbroker5 July 2025safalsetu.com

Why in the news

Fintech firm MobiKwik entered broking after SEBI registered its wholly owned unit, MobiKwik Securities Broking Pvt Ltd.

Key facts

  • Allowed to handle equity trades, clearing and settlement.
  • Rivals: Groww, Zerodha, AngelOne, Upstox, ICICI Direct.
  • Plans: exchange memberships, possible online bond trading, using 176 million users and 4.6 million merchants.

Background

The move shifts the firm from payments towards a full-stack fintech model. Zaakpay had earlier obtained an RBI payment aggregator licence.

Exam angle

  • Broker regulator: SEBI; payment aggregator regulator: RBI.
  • Term: clearing member.

Test yourself

1. Which regulator registered MobiKwik Securities Broking Pvt Ltd as a stockbroker and clearing member?

SEBI granted the registration on 1 July 2025.

2. Which MobiKwik arm received RBI authorisation as a payment aggregator in April?

The notes say Zaakpay got the RBI payment aggregator nod.

3. How many users does MobiKwik say it can leverage for its broking business?

The firm cites 176 million users and 4.6 million merchants.

This topic is part of Daily Current Affairs 5 July 2025 (10 topics).

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