MobiKwik, one of India’s most trusted digital wallets and UPI platforms, has taken another major step in reshaping the country’s digital finance landscape by launching Forex payments directly on its mobile app. Introduced in partnership with NPCI Bharat BillPay Limited (NBBL), this new service positions MobiKwik among the first fintech companies in India to offer seamless, fully digital foreign exchange solutions. The move further strengthens the company’s reputation as an innovative, home-grown fintech committed to convenience, transparency, and financial inclusion.
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The milestone moment took place at the Global Fintech Festival in Mumbai on October 7, 2025, where the platform’s very first live Forex transaction was completed in the presence of RBI Deputy Governor Shri T. Rabi Sankar. The unveiling highlights MobiKwik’s strong alignment with the vision of the Government and the Reserve Bank of India to build a robust, digital-first financial ecosystem accessible to every citizen.
Through the new Forex category introduced on Bharat Connect, users can now handle foreign exchange needs with greater ease and clarity than ever before. Instead of navigating cumbersome offline processes, individuals can digitally book, top up, or remit foreign exchange directly through their mobile phones. MobiKwik’s solution ensures competitive USD rates, instant top-ups for forex cards via UPI or net banking, and same-day fulfilment—allowing users to collect currency from bank branches or send funds abroad without delay. Backed by NBBL and CCIL, the service operates within a fully regulated and secure framework, ensuring compliance and trust at every step.
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This innovation is particularly meaningful for students paying international tuition fees, families preparing for overseas travel, and small businesses managing global payments. By bringing Forex transactions into the digital payments ecosystem, MobiKwik aims to make accessing foreign exchange as easy as sending money domestically. The service currently supports USD for individual users, with plans to expand to more currencies soon.
Bipin Preet Singh, Co-founder, MD & CEO of MobiKwik, emphasized that the introduction of Forex payments reflects the company’s mission to simplify financial access for every Indian. He noted that being one of the first fintechs to offer regulated digital forex services is a “significant leap forward” toward making foreign exchange transactions fast, flexible, and entirely mobile-driven.
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Noopur Chaturvedi, MD & CEO of NPCI Bharat BillPay Limited, expressed equal enthusiasm about the partnership, highlighting that the launch is poised to transform the way Indians purchase foreign exchange. She affirmed that the initiative, conceptualized by RBI and powered through collaboration with CCIL, reinforces NBBL’s commitment to making essential financial services straightforward and inclusive.
By integrating Forex into its digital suite, MobiKwik continues to close the gap between everyday financial needs and user-friendly technology, empowering millions of Indians to transact globally with ease and confidence.
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