MobiKwik Securities Broking Pvt Ltd (MSBPL), a fully owned arm of One MobiKwik Systems Ltd, has received the green light from the Securities and Exchange Board of India (Sebi) to operate as a stockbroker and clearing member.
Sebi issued the certificate of registration to MSBPL on July 1, 2025, the company said in a statement on Thursday.
With this approval, MSBPL can now buy, sell, deal, clear, and settle equity trades in the Indian stock market.
“This licence strategically positions MobiKwik to accelerate growth in its wealth distribution vertical and broaden its offerings throughout the capital markets ecosystem, reinforcing its transformation into a comprehensive fintech platform,” the company said.
In April, MobiKwik Group’s subsidiary Zaak ePayment Services Pvt Ltd (Zaakpay) received authorisation from the Reserve Bank of India to operate as an online payment aggregator.
