19 Sep 2025 | 5 Mins Read
MobiKwik's shares in spotlight amid unauthorized payout glitch
Flipitmoney
One MobiKwik Systems Ltd. discloses a technical issue resulting in unauthorized payouts of ₹400 cr to some merchants and users. The problem was resolved within 45 minutes on September 12, following an FIR and arrests. 2,000 merchant bank accounts are frozen, and efforts are underway to retrieve funds. Losses widened to ₹41.9 crore in the June quarter. Shares ended 0.83% higher on Thursday.