Fintech unicorn MobiKwik has issued a clarification regarding the recent ₹40 crore fraud incident reported in Haryana, stating that the issue was not the result of a cyberattack but rather an isolated internal technical glitch. The company confirmed that customer balances, legitimate merchants, and banks were not impacted, and recovery measures are already underway.
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India’s fintech poster child MobiKwik just reported its most jaw-dropping quarterly performance yet—and not in a good way.
In its Q1 FY26 update, the digital payments platform revealed a massive 6X surge in losses, alongside a 20.8% drop in revenue. That’s not just a dip—it’s a full-blown nosedive.
If you thought the fintech sector was cooling off, MobiKwik just confirmed it.
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From quiet giant to IPO spotlight — Pine Labs is preparing to unleash one of India’s biggest fintech listings yet
India’s digital payments revolution is getting its next headline act — and it’s not who you think.
Pine Labs, the low-key powerhouse behind thousands of point-of-sale terminals across India, is stepping into the limelight with a massive ₹6,000 crore Initial Public Offering…
Say Goodbye to Sharing Your Phone Number! Paytm’s New UPI Feature Lets You Create Your Own Custom ID
Paytm Now Lets You Create Your Own UPI ID – Here’s Why That’s a Big Deal
India’s favorite digital wallet, Paytm, has just launched something new—and it’s all about putting you in control of your digital payments. The company now allows users to create personalized UPI IDs, which means you no longer have to use your phone number as your UPI address. Sounds small? Think again. This could…
Introduction: MobiKwik’s Bold Move in the Fintech Space
In a strategic move aimed at expanding its footprint in the ever-growing fintech landscape, MobiKwik, one of India’s leading digital payment platforms, has announced it is acquiring a 3.39% stake in Blostem Fintech. This partnership is expected to strengthen MobiKwik’s position in the fintech sector and open up new avenues for…
UPI Hits Record 16.73 Billion Transactions in December – What’s Driving the Growth?
In a remarkable feat for India’s digital payments system, Unified Payments Interface (UPI) transactions soared to an all-time high in December 2024. The total number of UPI transactions reached a staggering 16.73 billion, marking an 8.08% increase from the previous month’s 15.48 billion transactions.
This…
