MobiKwik Reports FY25 Results: Payments GMV Soars 203% to ₹1.16 Lakh Cr; Total Income Rises 34%

GURUGRAM, May 20, 2025
One MobiKwik Systems Ltd. (NSE: MOBIKWIK, BSE: 544305), India’s largest digital wallet platform by gross transaction value, announced robust financial performance for the fiscal year ended March 31, 2025, marked by record-breaking payments GMV and expanding user and merchant base.

Key Financial Highlights (Standalone & Consolidated)​

Q4 FY25 Snapshot:

• Payments GMV surged to ₹1.16 lakh crore, reflecting a 203% YoY growth, supported by strong user adoption and merchant expansion.
• Payments revenue alone grew 142% YoY, contributing significantly to the 34% jump in total income.
• However, a shift in revenue mix toward payments and sector headwinds in lending caused the contribution margin to moderate to 30%.

Segment-Wise Performance​

Payments Business​

• Q4 Payments GMV stood at ₹33,100 crore, more than doubling YoY.
• Payments revenue in Q4FY25 rose 2x to ₹211.6 crore.
• Payments' gross margin improved to 24% in Q4, a 26% sequential rise, and it was 20% best-in-class for the full year.

Platform Growth​

• User base: 176.4 million, with 4.4 million added in Q4 alone.
• Merchant base: 4.6 million, including 76,000 new additions in the March quarter.

Corporate Announcements & Strategic Initiatives​

• Subsidiary Zaakpay received RBI authorization in April 2025 to operate as a Payment Aggregator/Gateway.
• Partnered with Piramal Finance to offer personal loans from ₹50,000 to ₹2 lakh.
• Co-founder & CFO Upasana Taku was appointed Vice-President of the Unified Fintech Forum (UFF), formerly DLAI.

Management Commentary​

"Our Payments Business has shown remarkable strength, growing threefold year-over-year. Our focus for this year will be to leverage AI as a growth catalyst – to accelerate go-to-market, drive revenue growth, and expand margins through intelligent automation."
— Upasana Taku, Executive Director, Co-founder & CFO

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Strategic Outlook​

MobiKwik is investing in several AI-driven initiatives aimed at:

• Smarter collections and improved customer service.
• Launch of Pocket UPI, allowing UPI use without bank linkage to reduce fraud risk.
• Expansion of First Card, a fixed-deposit-backed RuPay credit card to aid credit access for New-to-Credit (NTC) users.

With its expanding scale, regulatory momentum, and strong user/merchant ecosystem, the company projects a return to profitability through improved contribution margins and operating leverage.