MobiKwik Statistics By Revenue, Market And Usage (2026)

Preface

MobiKwik Statistics: MobiKwik is one of India’s leading financial technology firms, which was built to offer digital payment solutions as well as other financial services. For FY24, the company has recorded significant milestones in growth and financial health. The company MobiKwik employs around 325 people and mainly operates in three key business areas: fintech, consumer payments, and payment gateways.

We go on to see the most important MobiKwik statistics and trends so that one can understand the growth and widespread usage of the payment platform across the nation.

Top Picks

• One MobiKwik Systems reported 2026 consolidated revenue from operations of USD 130.1 million (Rs 1,119.2 crore).
• Net loss narrowed by nearly 49.0% to USD 7.2 million (Rs 61.9 crore) in 2026 from USD 14.1 million (Rs 121.5 crore) in 2025.
• During this quarter, payment processing charges remained high at USD 13.9 million (Rs 119.3 crore).
• By the end of March 2026, the company had utilized USD 40.5 million (Rs 348.4 crore) from its IPO proceeds to support business expansion.
• Cash and cash equivalents stood at USD 27.8 million (Rs 239.1 crore) as of March 31, 2026.
• As of 2026, MobiKwik has a user base of around 186 million users.
• The platform works with more than 4.79 million partners.
• Meanwhile, the company employs over 600 employees.
• MobiKwik’s Payments Revenue declined from 66 basis points (bps) in 2025 to 47 bps in 2026.
• Quarterly GMV stood at USD 5.21 billion (₹43,217 crore), according to a report published by CoinLaw.
• ZIP EMI offers personal loans up to USD 18,000 (INR 1,500,000) with interest rates starting at 0.8% per month and tenure of 3-26 months.
• The mutual funds platform offers over 3,000 schemes with zero commission.
• MobiKwik shares surged 8% after RBI in-principle approval for Payment Aggregator-Physical under the Payment and Settlement Systems Act, 2007.
• Bipin Preet Singh (Co-Founder & CEO) is the largest individual shareholder, holding approximately 20.21% of MobiKwik’s total equity.

MobiKwik Company Profile

One MobiKwik Revenue Performance

• According to a report published by Indian Television, One MobiKwik Systems reported 2026 consolidated revenue from operations of USD 130.1 million (Rs 1,119.2 crore), compared with USD 136.0 million (Rs 1,170.2 crore) in 2025.
• This represents a 4.4% decline in revenue.

Profitability Improves Significantly

• Net loss narrowed by nearly 49.0% to USD 7.2 million (Rs 61.9 crore) in 2026 from USD 14.1 million (Rs 121.5 crore) in 2025.
• The company’s EBITDA loss also improved sharply to USD 0.6 million (Rs 5.1 crore) from USD 9.2 million (Rs 79.4 crore) in the previous financial year.

Strong Quarterly Performance

• For the quarter ended March 2026, revenue increased to USD 33.6 million (Rs 288.7 crore) from USD 31.2 million (Rs 267.8 crore) in the same quarter last year.
• The company also reported a quarterly net profit of USD 0.5 million (Rs 4.3 crore), compared with a net loss of USD 6.5 million (Rs 56 crore) in the corresponding quarter of 2025.

Operating Expenses and Lending Business

• During this quarter, payment processing charges remained high at USD 13.9 million (Rs 119.3 crore).
• Meanwhile, the financial guarantee expenses increased to USD 3.5 million (Rs 29.9 crore).
• At the same time, lending operational expenses declined sharply to USD 5.2 million (Rs 45.1 crore) in 2026 from USD 20.4 million (Rs 175.8 crore) in 2025.

IPO Fund Utilization and Business Expansion

• By the end of March 2026, the company had utilized USD 40.5 million (Rs 348.4 crore) from its IPO proceeds to support business expansion.
• Out of the total amount, USD 17.4 million (Rs 150 crore) was allocated to expand the financial services business.
• Besides, around USD 12.4 million (Rs 107 crore) was invested in technology development.

Balance Sheet Highlights

• Cash and cash equivalents stood at USD 27.8 million (Rs 239.1 crore) as of March 31, 2026.
• Total assets increased to USD 163.8 million (Rs 1,408.5 crore) in 2025, up from USD 158.2 million (Rs 1,360.3 crore) in 2025.
• Other equity declined to USD 60.8 million (Rs 523.1 crore) from USD 66.6 million (Rs 573.1 crore) due to accumulated losses from prior years.
• Total borrowings decreased slightly to USD 30.4 million (Rs 261.1 crore) from USD 31.5 million (Rs 271 crore)

MobiKwik Financial Comparison

(Source: asset.inc42.com)

• MobiKwik’s revenue continued to grow across the last three quarters. It increased from USD 32.1 million (₹267.8 crore) in Q4 2025 to USD 34.6 million (₹288.9 crore) in Q3 2026. This represents a 7.8% YoY increase.
• Total expenses fell from USD 38.9 million (₹324.3 crore) in Q4 2025 to USD 33.8 million (₹282.2 crore) in Q3 2026. This is a 14.0% YoY reduction.
• MobiKwik reported a net loss of USD 6.8 million (₹56.7 crore) in Q4 2025, which turned into a net profit of USD 0.48 million (₹4.0 crore) in Q3 2026, and further improved to USD 0.54 million (₹4.5 crore) in Q4 2026.
• EBITDA increased from a negative USD 5.5 million (₹-45.8 crore) in Q4 2025 to a positive USD 1.79 million (₹14.9 crore) in Q3 2026, and is expected to rise around USD 2.09 million (₹17.4 crore) in Q4 2026.
• The company reduced its expense base by up to 14% while increasing revenue by 7.8% YoY, resulting in an overall improvement of approximately USD 7.3 million (₹61.2 crore), shifting from a net loss to a net profit within one year.

MobiKwik Business Unit Economics

(Source: asset.inc42.com)

• MobiKwik’s Payments Revenue reduced from 66 basis points (bps) in 2025 to 47 bps in 2026.
• Payments Gateway Costs improved significantly from -48 bps in 2025 to -29 bps in 2026, indicating that the company reduced its processing and infrastructure expenses by nearly 40%.
• User Incentive Costs declined from -5 bps in 2025 to -2 bps in 2026.
• Driven by these cost savings, the Net Payments Margin improved from 13 bps in 2025 to 16 bps in 2026.
• Financial Services Revenue increased from 7.52% in 2025 to 8.09% in 2026.
• Lending-related expenses rose slightly from -4.01% in 2025 to -4.51% in 2026.
• Despite higher expenses, Net Financial Services Margin improved slightly from 3.51% in 2025 to 3.57% in 2026.

MobiKwik Transaction Statistics

Overall GMV (Gross Merchandise Value)

• Quarterly GMV stood at USD 5.21 billion (₹43,217 crore), according to a report published by CoinLaw.
• GMV reached USD 4.62 billion (₹38,388 crore) by mid-2025.
• The nine-month GMV crossed USD 10.87 billion (₹902 billion / ₹90,200 crore) in 2025

Payments GMV Performance

• Payments GMV reached USD 4.63 billion (₹384 billion / ₹38,400 crore) in Q1 2026, up 53% YoY.
• Payments revenue increased 24% YoY,
• Payments revenue stood at approximately USD 25.17 million (₹208.9 crore) in 2026.
• Gross margins improved significantly to 28%-29% in 2026, up from around 16% in the previous year.

UPI Transaction Trends

• UPI transactions increased 38% QoQ to more than 138 million.
• UPI GMV rose 28% QoQ, indicating higher transaction value per user.
• UPI’s share in total GMV increased from 32% (2025) to 41% (2026).
• Within the payments business, UPI contribution expanded from 30% to 40% in one year.

MobiKwik Statistics by Payments Products

• MobiKwik Wallet allows users to store up to USD 2,393 (INR 200,000) and spend up to USD 1,197 (INR 100,000) per day.
• UPI transactions grew by 170% YoY in Q4 2026, which is 6.5x faster than the industry’s growth rate.
• Payments GMV reached INR 52,400 crore (USD 6.3 billion) in Q4 2026, rising 58% YoY.
• Full-year 2026 GMV reached INR 1,821 billion (USD 21.9 billion), up 57% YoY.
• The company supports 4.9 million merchants using QR codes, Soundbox, and EDC machines.

Digital Credit Business

• ZIP EMI offers personal loans up to USD 18,000 (INR 1,500,000) with interest rates starting at 0.8% per month and tenure of 3-26 months.
• Lending partners include Transactree Technologies (Lendbox), Hero FinCorp, SMFG India Credit, and IDFC First Bank.
• Merchant Cash Advance supports short-term working capital needs for merchants.
• RuPay Credit Card marks a shift away from BNPL toward longer-term credit products.
• Net financial services margin improved from 3.51% in 2025 to 3.57% in 2026.

Investments and Savings Products

• The mutual funds platform offers over 3,000 schemes with zero commission.
• Fixed deposits offer returns up to 8% per annum, with an extra 0.5% for senior citizens and 0.1% for female investors.
• The digital gold savings plan allows investments starting at INR 51 through the SAFEGold partnership.
• Xtra P2P lending provides returns of 10%-14% per annum with a minimum investment of INR 10,000.
• Lens.AI launched in FY26 for AI-based personalized investment recommendations.

Stock Broking Business

• Mobikwik Securities Broking Private Limited received an SEBI license in July 2025.
• Broking services went live on BSE on February 24, 2026.

MobiKwik Gains on RBI Approval for Offline Payments Expansion

• MobiKwik shares surged 8% after RBI in-principle approval for Payment Aggregator-Physical under the Payment and Settlement Systems Act, 2007.
• The stock touched a nearly 5.8% gain at Rs 202 (USD 2.43), still below the IPO price and far from the peak of Rs 600 (USD 7.23).
• The company serves 4.9 million merchants using UPI QR, Soundbox, and EDC devices.
• Expansion plan focuses on small businesses, fuel stations, and retail over 18-24 months.
• Targets 10x growth in the merchant business by 2028.
• Industry estimates the offline payments market at USD 1.8-2 trillion GMV by 2028.

MobiKwik’s Largest Shareholders, 2026

• Wikipedia report further stated that Bipin Preet Singh (Co-Founder & CEO) is the largest individual shareholder, holding approximately 20.21% of MobiKwik’s total equity.
• Upasana Taku (Co-Founder & Chairperson) holds approximately 14.31%.
• Besides, reinforcing strong founder-led ownership and combined promoter holding of 25.08% as of March 2026.
• According to Scanx.trade, Sequoia Capital India (now Peak XV Partners) previously held 17.25% but fully reached its stake by April 28, 2026, selling all 77,49,321 shares (9.85%) between November 2025 and April 2026.
• Bajaj Finance holds approximately 13.86%, and Net1 Applied Technologies holds approximately 10.79%.
• As of March 2026, MobiKwik’s ownership shows promoters at 25.08%, followed by FIIs (4.24%), DIIs (0.72%), mutual funds (0.67%), insurance (2.69%), and retail/public (66.60%).

Conclusion

MobiKwik ended 2026 on a stronger note despite lower annual revenue. The company almost halved its net loss, improved its operating performance, and reported a profit in the March quarter by better controlling costs. Its growing focus on lending, AI, and financial services could support future growth.

However, strong competition in digital payments remains a challenge. Going forward, steady growth in its lending business and consistent profitability will be key to its long-term success.