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MobiKwik breaks into India's Top 3 Fastest-Growing UPI apps in Q2FY26

Posted On : 2025-12-11 16:17:39( TIMEZONE : IST )

One MobiKwik Systems Ltd. (MobiKwik) (NSE: MOBIKWIK / BSE: 544305), India's largest Digital Wallet, MobiKwik has emerged among India's Top 3 fastest-growing UPI apps in Q2FY26. Additionally, MobiKwik delivered one of the highest growth in UPI transactions across leading TPAPs, as overall UPI usage surged 3x YoY basis by October 2025 and continued to drive strong scale across both volume and value metrics.

With a steadily expanding user base, UPI continues to be a strategic growth driver for the company and remains central to its approach to engaging high-quality users across payments and credit. MobiKwik's focus remains on attracting and retaining high-quality UPI users who actively engage with both payment and credit products, helping enhance ARPU and drive long-term value.

'Pocket UPI' Emerges as a Major Growth Engine

The momentum has been further strengthened by the rapid adoption of Pocket UPI, MobiKwik's Wallet-powered UPI feature. Pocket UPI has become a central driver of MobiKwik's UPI scale which enables users to make UPI payments directly from their MobiKwik Wallet, scanning any QR code or paying via mobile number or UPI ID - all without having to link their primary Bank account. This gives users more control over their digital spending, keeps Bank statements clutter-free and reduces exposure of sensitive banking details- making Pocket UPI a safer, cleaner & more convenient option for everyday payments.

Strong Consumer App Adoption with a More Seamless UPI Experience

MobiKwik's UPI transactions grew by 38% QoQ, while UPI GMV increased by 28%, reflecting increasing engagement from both new and existing users. This growth has been driven by MobiKwik's continued focus on strengthening its product experience. The app offers a seamless, responsive interface, strengthened by optimised payment flows, faster load times and improved routing logic, all contributing to higher transaction success rates.

These refinements also reinforce the platform's risk and fraud-control capabilities, as smoother, more structured payment paths reduce points of vulnerability and enable safer transactions at scale. Simplified navigation and a more intuitive user journey have further enabled quicker, more reliable payments for users across Bharat, reinforcing the platform's appeal and supporting sustained growth.

Commenting on the growth, Upasana Taku, Executive Director, CFO and Co-Founder, MobiKwik said, "The NPCI data highlights the strong, broad-based adoption of UPI on our platform across the country. Sustained growth across both volume and value reflects the increasing trust users and merchants place in us. As digital payments become integral to everyday life, our focus remains on reliability, safety, and serving the evolving needs of India. We're proud to partner in India's UPI growth story & contribute to building one of the world's most advanced & trusted payments ecosystems."

This momentum reflects the platform's standing as a trusted name in digital finance across Bharat, enabling millions of users to participate confidently in India's digital payments and credit ecosystem. Sustained growth across both volume and value has strengthened MobiKwik's UPI position as a leading player. The platform continues to gain traction in high-frequency categories such as Retail & Groceries, Food & Dining and Fuel amongst others.

Shares of One Mobikwik Systems Limited was last trading in BSE at Rs. 227.50 as compared to the previous close of Rs. 230.50. The total number of shares traded during the day was 20922 in over 666 trades.

The stock hit an intraday high of Rs. 234.05 and intraday low of 226.10. The net turnover during the day was Rs. 4834167.00.