MobiKwik adds five currencies to digital forex service
MobiKwik expands its digital forex retail offering to six currencies, adding AED, CAD, GBP, EUR, and CHF to the existing USD option.
MobiKwik has expanded its digital foreign exchange retail service to include five new currencies. The company now offers the UAE dirham, Canadian dollar, British pound, euro, and Swiss franc alongside the US dollar. This brings the total number of supported currencies to six. The expansion was announced at the Global Fintech Fest 2026 on Thursday.
The move positions MobiKwik as the only private player offering a multi-currency FX retail solution in India. The service operates in partnership with NPCI Bharat BillPay Limited. Users can digitally book foreign currency, top up forex cards, and remit money overseas. Currency notes are collected through bank branches, while remittances use bank redirection or branch channels.
Transaction limits and pricing transparency
The service uses live bank-linked pricing to provide transparent rates. Same-day fulfillment is available subject to regulatory requirements. Resident individuals can access the service after PAN and primary-account-holder validation. The transaction limit for currency notes is equivalent to $3,000 per transaction.
For card top-ups and remittance services, the limit is equivalent to $10,000 per transaction. These limits apply across all six supported currencies. The infrastructure is powered by NBBL in collaboration with the Clearing Corporation of India Ltd. The service is available through the Bharat Connect ecosystem.
Growth in digital forex volume
MobiKwik launched its digital foreign exchange service at the Global Fintech Fest 2025. The initial offering supported only USD transactions. NBBL processed forex transactions worth 111.91 million Indian rupees in the first four months of FY2026-27. This volume was recorded through the Forex category on Bharat Connect.
Bipin Preet Singh, Co-founder and MD of MobiKwik, stated that the expansion aims to make foreign exchange more accessible. The company highlights convenience and ease of management for customers. The addition of major global currencies responds to demand for diverse digital payment options. This development is noted in reporting by GN markets/fx (en-US).
