MobiKwik Fraud Impact and Recovery

  Published 6 months ago

MobiKwik faced a September 2025 fraud, losing Rs 40 crore, and recovered Rs 14 crore so far.

  • Incident occurred Sep 11‑12, 2025; no insiders involved, FIR lodged with Gurugram police and arrests.
  • Authorities froze debit accounts, placed liens; the company is pursuing remaining recovery, cooperating fully with the investigation now.
  • MobiKwik offers wallet, UPI, Zaakpay, credit, and savings; serves 180.2M users and 4.64M merchants across India.

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