No plan to enter banking sector: Mobikwik co-founder, CEO Bipin Preet Singh

MobiKwik  Co-founder and Chief Executive Officer Bipin Preet Singh says the Reserve Bank of India’s recent approval of a merger proposal of a fintech and a small finance bank shows that fintechs have arrived to make a mark in the country’s banking landscape. In an online interview with Manojit Saha for Business Standard’s The Banking Show, Singh indicates that an initial public offering (IPO) is on the cards. Edited excerpts:
 

MobiKwik reported profit for the second consecutive quarter during July-September (Q2). Which part of your business is generating most of the profit?

For the past many years, we have had