One Mobikwik Systems shines on launching full version of CBDC - e-rupee with RBI, Yes Bank
One Mobikwik Systems is currently trading at Rs. 428.80, up by 13.80 points or 3.33% from its previous closing of Rs. 415.00 on the BSE.
The scrip opened at Rs. 421.85 and has touched a high and low of Rs. 442.80 and Rs. 417.15 respectively. So far 1375812 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 698.30 on 26-Dec-2024 and a 52 week low of Rs. 366.85 on 27-Jan-2025.
Last one week high and low of the scrip stood at Rs. 454.00 and Rs. 366.85 respectively. The current market cap of the company is Rs. 3339.35 crore.
The promoters holding in the company stood at 25.18%, while Institutions and Non-Institutions held 13.68% and 61.13% respectively.
One Mobikwik Systems has launched a full version of India’s Central Bank Digital Currency (CBDC) - e-rupee (e?) in partnership with Reserve Bank of India (RBI) and Yes Bank. MobiKwik is the first digital wallet to go live with a full-scale production version of the e-rupee wallet, and the new CBDC product is available to all its Android users. The e? wallet allows users to send and receive funds to other e? wallets as well as regular bank accounts via UPI; both peer-to-peer (P2P) and peer-to-merchant (P2M) transactions are supported. For example, a user can scan and pay on any UPI QR using e? as it is fully interoperable on UPI.
MobiKwik’s large base of existing full KYC users will immediately be able to open an e? wallet and load it from their bank account. New MobiKwik users will have to complete video KYC before they can open an e? wallet. Currently, e-rupee wallet has a daily transaction limit of Rs 50,000, per transaction limit of Rs 10,000, and currency denominations of 50 paise, Rs 1, Rs 2, Rs 5, Rs 10, Rs 20, Rs 50, Rs 100, Rs 200, and Rs 500 are available in e-rupee.
One Mobikwik Systems is a platform business at its core, that has a two-sided payments network, consisting of consumers and merchants.
