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India’s MobiKwik surges 82% in market debut
Shares in digital payments firm MobiKwik surged 82% to ₹507.5 ($6) on their first day of trading, as the Indian fintech company made its market debut amid Shares in digital payments firm MobiKwik surged 82% to ₹506.8 ($5.97) on their first day of trading.
Shares in digital payments firm MobiKwik surged 82% to ₹507.5 ($6) on their first day of trading, as the Indian fintech company made its market debut amid fierce competition from larger rivals. The Gurugram-based company, founded 15 years ago, has built one of India’s most popular digital wallet platforms. Yet it has faced challenges maintaining its market position following widespread adoption of UPI, the state-backed payments system.
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