MobiKwik has launched foreign exchange (Forex) services on its mobile app in collaboration with NPCI Bharat BillPay Limited (NBBL), making it one of the first Indian fintech platforms to offer regulated digital forex services through mobile devices.

The launch took place following the first live transaction, which was conducted on October 7, at the Global Fintech Festival in Mumbai in the presence of T Rabi Sankar, Deputy Governor of the Reserve Bank of India.

The new forex feature allows users to book, top up, or remit foreign currency digitally using net banking or UPI, with same-day (T+0) fulfillment. Currently, the platform supports US dollar transactions, with plans to add more currencies in the future.

Users can collect currency at their preferred bank branches or remit funds inte

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