MoneyWorks4Me

One MobiKwik Systems’ arm gets SEBI’s approval to act as stock broker

03 Jul 2025 Evaluate

One MobiKwik Systems’ (MobiKwik) wholly-owned subsidiary -- Mobikwik Securities Broking (MSBPL) has received regulatory approval from the Securities and Exchange Board of India (SEBI) to act as a stock broker / clearing member. The certificate of registration was issued by SEBI on July 01, 2025, enabling MSBPL to carry on the activities of buying, selling, dealing, clearing and settlement of equity trades. 

This license strategically positions MobiKwik to accelerate growth in its wealth distribution vertical and broaden its offerings throughout the capital markets ecosystem, reinforcing its transformation into a comprehensive fintech platform.

This marks the second certificate obtained by MobiKwik Group during the current quarter. Earlier in April, Zaak ePayment Services (Zaakpay) received a certificate of authorisation from the Reserve Bank of India (RBI) to operate as an online payment aggregator.

One Mobikwik Systems is a platform business at its core, that has a two-sided payments network, consisting of consumers and merchants.

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