MobiKwik Revolutionizes Forex Transactions with Digital Wallet Integration

MobiKwik has launched a digital-first foreign exchange service on its mobile app in partnership with NPCI Bharat BillPay Limited. This service enables users to perform Forex transactions seamlessly, offering competitive rates and same-day fulfillment. The initiative aims to transform access to Forex for Indians, aligning with India's digital financial ecosystem goals.

MobiKwik, a prominent name in India's fintech sector, has unveiled its latest innovation: digital Forex payments via its mobile app. The launch, in collaboration with NPCI Bharat BillPay Limited, positions MobiKwik at the forefront of fintech, offering a seamless, safe, and fast solution for Forex transactions.

The debut of this feature was marked with a transaction in the presence of RBI Deputy Governor T. Rabi Sankar. This innovation paves the way for a digital-first approach to managing foreign exchange, making it easier for Indians to access and transact in Forex while ensuring transparency and compliance.

With the platform currently supporting USD transactions, MobiKwik plans to expand its currency offerings. The service empowers users with competitive exchange rates and instant access, reinforcing MobiKwik's mission to simplify financial services for India's growing digital economy.

(With inputs from agencies.)