Mobileware Technologies was founded in 2010 by Amitabh and Satyajit Kanekar, with the aim of enabling fast, secure, and real-time payments at scale, across the financial ecosystem, from banks to emerging fintech players. With deep expertise in both banking and telecom, the Mobileware team recognized that digital transformation lies not only in customer-facing apps, but in building resilient backend systems aligned with the ever-evolving regulatory requirements.

Trusted by over 120+ Banks & Fintech firms, Mobileware powers hosted services such as UPI, IMPS, BBPS, and AePS, making real-time payments easy to launch and reliable to operate. Further, TransXT, Mobileware’s flagship plug-and-play API banking platform, also known as “Bank in a Box”, is integral to the company’s value proposition. As the technological backbone of many of India’s digital payment experiences, TransXT is built with the flexibility to adapt to evolving market needs.

As a leading fintech innovator in UPI interoperability and scalable payment solutions, the company has demonstrated remarkable growth and adoption. Its API Banking vertical recorded an impressive transaction volume of INR 851 crore in just the last six months. Showcasing the robustness of its infrastructure, one of its largest customers processed 9.54 crore transactions worth INR 13,900 crore within only six days in 2025 using the company’s UPI Payments Switch. Further underscoring its scale, the company’s Hosted Switches handled 6.75 billion transactions in FY 2024-25, with UPI alone contributing 90% of the total at 6.13 billion transactions.

Furthermore, the company reported a revenue of INR 17.06 crore in FY 24, marking a substantial 56% growth over the previous year’s revenue of INR 10.93 crore, highlighting its accelerating business performance and market success.

Additionally, in March 2025, Mobileware secured an investment of INR 22.85 crore from Zaggle Prepaid Ocean Services Ltd., enabling the company to scale its operations for the next phase of its expansion. With a proven infrastructure in place, Mobileware now aims to extend its footprint into new global regions such as the United Arab Emirates, Singapore, Philippines, France and the United Kingdom, where secure, real-time payment solutions are in high demand.

Mobileware, a DGEMS 2024 Select 200 Company, has emerged as a notable success in the digital payments space, gaining global recognition within a prestigious network of high-growth ventures and forward-looking investors. Building on this momentum, the company was recently rebranded as ‘86400’, marking a key evolution in its identity and strategic direction and to align the company name with its mission of driving innovation and being available "round the clock, every second of every day" in digital payments.

Further strengthening its credibility, the company achieved ISO 27001:2013 certification in February 2023, underscoring its robust information security management systems and commitment to industry-leading data protection practices. It also secured the PCI DSS certification in 2022, with its most recent certification successfully renewed in April 2025. As 86400 continues to scale, it remains focused not only on enabling transactions, but also on building trust, driving sustainable growth, and delivering meaningful global impact.