Fintech giant One MobiKwik Systems Ltd has officially ventured into the securities broking business with the incorporation of Mobikwik Securities Broking Private Limited (MSBPL), a wholly owned subsidiary. The approval for this strategic expansion was granted by the Ministry of Corporate Affairs, Central Processing Centre on March 3, 2025.

MobiKwik Expands Beyond Digital Payments

Known for its digital payments and financial services, MobiKwik is now stepping into the highly competitive stock broking sector. MSBPL, registered in Gurgaon, Haryana, will operate as a full-fledged securities broking company, engaging in the trading of stocks, securities, debt instruments, commodities, currencies, and derivatives.

To establish a strong foothold, MSBPL plans to acquire membership in various stock and commodity exchanges across India and potentially in global markets. This move positions MobiKwik alongside leading financial service providers, expanding its ecosystem beyond UPI payments, BNPL (Buy Now, Pay Later), and credit offerings.

MobiKwik’s Investment & Control Over MSBPL

MobiKwik has allocated an initial paid-up share capital of ₹1 lakh for MSBPL, with plans to inject ₹2 crore in multiple phases to support its operations. Since MobiKwik holds a 100% stake in MSBPL, the company will have full control over decision-making, strategy, and future expansions.

Impact on MobiKwik’s Stock Performance

Despite this ambitious expansion, MobiKwik’s stock faced a 4.14% decline, closing at ₹304.50, down ₹13.15 on the BSE. This could be due to initial market reactions, investor sentiment, or overall sector performance. However, with the growth of digital investments and retail trading in India, MSBPL has the potential to become a key revenue driver for MobiKwik in the long run.

MobiKwik’s Strategic Growth in Fintech

This move aligns with MobiKwik’s strategy to diversify its financial service offerings. The company already provides credit facilities, wallet services, and digital payments to millions of users. With the rise in retail stock market participation and online trading platforms, MobiKwik aims to capitalize on the increasing demand for digital investment solutions.

MobiKwik’s entry into the broking space will put it in direct competition with Zerodha, Groww, Upstox, and Paytm Money, which dominate the online brokerage market in India. Given MobiKwik’s existing user base and technological expertise, it could leverage cross-selling opportunities to gain early traction in the trading segment.

The Road Ahead for MSBPL

With SEBI’s tightening regulations and increasing compliance requirements, MobiKwik will have to ensure that MSBPL adheres to all necessary legal and regulatory guidelines. Additionally, MobiKwik might introduce discount brokerage plans, commission-free trading, or bundled financial products to attract investors.

By expanding its fintech footprint, MobiKwik is moving towards becoming a one-stop platform for digital finance, encompassing payments, credit, insurance, and now, stock trading.

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With MobiKwik’s new venture into securities broking, the fintech industry is witnessing increased competition and innovation. How this move impacts MobiKwik’s market position will be closely watched by investors and analysts in the coming months.