MobiKwik Reports ₹26 Crore Fraud in Haryana, Takes Legal Action

One Mobikwik Systems Limited has disclosed a fraud incident involving unauthorized settlements worth ₹26 crore, following collusion between certain registered merchants and users in Haryana. The fraudulent activity occurred over September 11–12, 2025, with no involvement from company employees or insiders. MobiKwik filed an FIR for ₹40 crore as a precaution and has since recovered ₹14 crore, leaving a net estimated impact of ₹26 crore. The company is actively recovering funds and cooperating with law enforcement; arrests have been made and bank accounts linked to the fraud have been frozen. The incident highlights vulnerabilities in digital payment systems and reinforces the need for stronger fraud detection mechanisms. MobiKwik has assured stakeholders it will provide updates on material developments and continues to strengthen its security protocols.