MobiKwik’s situation perfectly illustrates the challenge facing payment companies in India. While Unified Payments Interface (UPI) adoption is driving impressive transaction volume growth (85% ...
A software glitch in digital payments company MobiKwik’s systems allowed users to siphon off around Rs 40 crore via multiple Unified Payments interface (UPI) transactions, according to a report by the ...
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One update, and fraudsters siphoned off ₹40 crore from a UPI company's account! Police freeze 2,500 bank accounts.
MobiKwik Wallet UPI Fraud 2025: It's the era of digital payments, and almost everyone uses some form of UPI app or wallet. But have you ever imagined that your trusted wallet could suffer a technical ...
MobiKwik has reported a second consecutive profitable quarter, highlighting stable payments margins despite zero fee UPI transactions and ongoing investments in new businesses. The company says this ...
Upasana Taku said that while the industry supports the government's financial inclusion goals, the absence of merchant ...
MobiKwik CFO Upasana Taku advocates reintroducing Merchant Discount Rate (MDR) on UPI transactions, citing financial ...
MobiKwik suffered a significant financial blow, losing ₹40 crore in just 48 hours due to a glitch in its system that allowed unauthorized UPI transactions. The fraud, which occurred on September 11 ...
MDR or no MDR: that is the big question for India’s payments apps and the UPI frontrunners — PhonePe, Google Pay and Paytm — or even the likes of CRED, Groww, Flipkart’s Super.Money, Navi and others ...
The company also confirmed that this incident did not impact any UPI or Wallet payments or user account balances. Shares of One Mobikwik Systems were trading at Rs 295.8 each, down 2.02 per cent on ...
Gurugram-based mobile wallet company MobiKwik has launched Unified Payments Interface (UPI) on its platform. The new payment option will allow Mobikwik’s users to access online payments via the UPI ...
Fintech major MobiKwik is eyeing UPI as its next engine of growth and is not worried about the existing larger players in the market, co-founder Upasana Taku told businessline in an interaction. Taku ...
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