# LKP Finance has applied to surrender its NBFC licence.

*fintech · news · 2026-01-07 · Outlook Business*

## Key points

- LKP Finance is surrendering its NBFC licence to focus exclusively on fintech payments and rewards.
- LKP Finance now holds 22% of Mufin Pay, which owns 100% of Gyftr.
- A name change from LKP Finance to Gyftr is being pursued to align the brand with its new strategy.
- Mufin Pay and Gyftr will consolidate, integrating regulated payment infrastructure with digital gifting services.
- India's corporate gifting market is growing 18–20% annually, now estimated at ₹12,000–15,000 crore.

**Companies:** LKP Finance, Mufin Pay, Gyftr
**Countries:** India

[Read the full story on Outlook Business](https://www.outlookbusiness.com/corporate/lkp-finance-to-exit-nbfc-business-bets-on-fintech-with-gyfter-acquisition)

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