MobiKwik gets in-principle approval of RBI to set up Payment System

MobiKwik gets in-principle approval of RBI to set up Payment System Mobiwiki launched mobile app 'MobiKwik Lite 'i. MobiKwik, a mobile wallet firm has received an in-principle approval from the RBI on December 28 to set up a Bharat Bill Payments Operating Unit (BBPOU).  The company will now be integrated in Bharat Bill Payment System (BBPS), a bill payment system by National Payments

Corporation of India (NPCI), to offer interoperable and accessible bill payment service to customers through a network of agents.