MobiKwik Receives RBI Approval To Commence NBFC Operations

by · Inc42

SUMMARY

  • The licence will enhance its lending capabilities, credit products' stack and serve a broader base of consumers and merchants
  • The NBFC’s operations will commence upon receipt of Certificate of Registration (COR) from RBI on the fulfilment of certain conditions
  • The in-house NBFC will enable launch of new credit products with faster GTM offering both secured and unsecured to consumers and MSMEs