MobiKwik, one of India’s leading digital wallet and UPI platforms, has taken a big step forward in simplifying foreign exchange services. The company announced the launch of digital Forex payments on its mobile app in partnership with NPCI Bharat BillPay Limited (NBBL).
With this new feature, MobiKwik becomes one of the first fintechs in India to bring digital foreign exchange services directly to mobile users. The aim is to make forex transactions faster, safer, and more convenient for everyone — from students studying abroad to families traveling overseas.
The first live transaction using this service took place on October 7, 2025, during the Global Fintech Festival in Mumbai, in the presence of Shri T. Rabi Sankar, Deputy Governor of the Reserve Bank of India.
This move supports the Government and RBI’s vision of building a fully digital and inclusive financial ecosystem. The Forex category, hosted on Bharat Connect, is designed to make currency exchange completely transparent and accessible to everyday users — offering a digital-first, cost-efficient alternative to traditional money exchange counters and banks.
Here’s what users can expect from MobiKwik’s new Forex service:
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Book, top up, or send money abroad easily through the app.
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Get competitive USD rates, ensuring better value for your money.
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Same-day (T+0) fulfillment, meaning instant forex card top-ups or quick remittance abroad.
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Fully safe and compliant, regulated by the RBI and NBBL.
Initially, the service supports USD transactions for individual users, but MobiKwik plans to add more currencies soon.
