18 Sep 2025 | 5 Mins Read
MobiKwik confirms glitch led to unauthorized payouts in Haryana
Flipitmoney
MobiKwik Systems Ltd experienced a technical issue on September 11-12, causing failed transactions to be incorrectly marked as successful, leading to unauthorized payouts. Authorities were notified, and over 2,000 merchant bank accounts were frozen. Recovery efforts are ongoing, and a portion of misappropriated funds have been reclaimed, with no cybersecurity breach or bank involvement.