One MobiKwik Systems has expanded its FX Retail platform to include five new currencies—AED, CAD, GBP, EUR, and CHF. Partnering with NPCI Bharat BillPay and CCIL, the move aims to capture more foreign exchange volume, with the platform already processing ₹11.19 crore in Forex transactions during the first four months of FY2026–27. This expansion targets the growing market for international travel and overseas education payments.
One MobiKwik Expands FX Retail Services to Five New Global Currencies
One MobiKwik Systems Ltd has officially expanded its FX Retail offering, now supporting AED, CAD, GBP, EUR, and CHF alongside its existing USD services. This initiative, launched at the Global Fintech Fest 2026, solidifies the company’s position as a key partner for digital foreign exchange services via the Bharat Connect ecosystem.
What just happened
One MobiKwik has integrated five new major global currencies into its mobile app, enabling users to book foreign currency, top up Forex cards, and remit funds overseas. The service is powered by the NPCI Bharat BillPay Limited (NBBL) and the Clearing Corporation of India Ltd (CCIL). The company remains the only private player to offer this specific multi-currency FX solution in partnership with NBBL.
Why this matters
This expansion is a strategic play to drive higher user engagement and retention by simplifying international financial transactions. By offering live, bank-linked pricing, the company intends to capture a larger share of the travel and education payment segments. The platform reports that the Forex category on the Bharat Connect ecosystem processed transactions worth ₹11.19 crore in the first four months of FY2026–27.
What changes now
Users can now conduct cross-border transactions in more currencies with clear transaction limits, including up to $3,000 equivalent for currency notes and $10,000 for cards and remittances. Currency collection remains branch-based, while remittances are handled through integrated bank and branch channels, providing a hybrid digital-physical experience.
Context Metrics
As of June 2026, One MobiKwik reports a network of 193 million registered users and 5.02 million merchants. The company currently holds a 19% market share in the PPI wallet gross transaction value (GTV), marking its significant footprint in the Indian digital payment landscape.
What to track next
Investors should watch for the adoption rate of these new currencies and their subsequent impact on total transaction volumes. Further growth in the Forex segment will be critical to assessing the contribution of high-value digital services to the company's broader financial ecosystem.