MobiKwik starts forex payments on its app
11 Nov 2025, 05:52 PMThe fintech claims to be one of the first three apps in India to enable digital foreign exchange services to mobile.
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MobiKwik has launched Forex payments in partnership with NPCI Bharat BillPay Limited (NBBL). The fintech claims to be one of the first three apps in India to enable digital foreign exchange services to mobile.
The Forex category on Bharat Connect is designed to make foreign exchange transactions accessible for everyone. This allows users to top up forex cards instantly using net banking or UPI with same-day fulfilment.
This initiative is powered by NBBL in collaboration with the CCIL (Clearing Corporation of India Ltd). The Forex category enables Indians book, top up, or remit easily through the app; access competitive USD rates; and same day (T+0) fulfillment.
Currently, the platform supports USD transactions and is available to individual users, with plans to extend additional currencies in subsequent phases.
MobiKwik CEO Bipin Preet Singh said, "With Forex payments, we are proud to be among the first fintech companies to introduce a regulated, digital-first foreign exchange service in the country. Users will now be able to access competitive forex rates, top up forex cards instantly using net banking or UPI, and remit money abroad with same-day fulfilment - all from the convenience of their mobile devices. This is a significant leap forward in making foreign exchange as seamless as digital payments."
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