Company Directory - MobiKwik
Company Details - MobiKwik
MobiKwik
WebsiteGurugram, India
MobiKwik is an Indian digital wallet and online payment service which allows users to make payments for services and goods both online and offline. It provides various financial services like mobile recharges, utility payments, and loans, enhancing user convenience with secure and fast transactions.
CCI Score
CCI Score: MobiKwik
11.47
Latest Event
Ex-Employee Fraud and Strengthened Security Measures
MobiKwik reported that ex-employee Gaurav Sharma misappropriated Rs 1.26 crore by altering merchant details between August 2023 and September 2024. In response, the company filed a police complaint in Gurugram and introduced enhanced security measures including Single Sign-On with two-factor authentication, VPN-based login, and refined reconciliation processes.
Take Action
So what can you do? Support MobiKwik by shopping, spreading the word, or offering your support.
- Shop Alternatives
SEE ALL - Use Your Voice
OTHER TOOLS - Investigate
- Share the Score
SUPPORT CCI
SABOTEUR
MobiKwik is currently rated as a Saboteur.
Latest Events
- MAR272025
MobiKwik reported that ex-employee Gaurav Sharma misappropriated Rs 1.26 crore by altering merchant details between August 2023 and September 2024. In response, the company filed a police complaint in Gurugram and introduced enhanced security measures including Single Sign-On with two-factor authentication, VPN-based login, and refined reconciliation processes.
+40
Business Practices and Ethical Responsibility
June 18
The incident exposed a significant internal fraud which could have undermined corporate integrity. However, MobiKwik’s prompt response by filing a police complaint and overhauling internal security measures reflects a commitment to ethical business practices and improved oversight.
Mobikwik says ex-employee defrauded firm of Rs 1.26 crore held
+30
Technology and Services Impact
June 18
The implementation of enhanced security protocols such as SSO with two-factor authentication, VPN-based logins, and real-time monitoring systems indicates a proactive use of technology to safeguard sensitive operations, which supports internal accountability and stability.
Mobikwik says ex-employee defrauded firm of Rs 1.26 crore held
- JAN292025
MobiKwik has launched its new CBDC e-Rupee wallet for Android users in collaboration with the Reserve Bank of India. The wallet integrates robust security measures such as data encryption and two-factor authentication, supporting financial inclusion and smooth digital transactions.
+50
Public and Political Behavior
June 18
By partnering with the RBI to launch a digital currency wallet, MobiKwik supports a progressive shift towards financial inclusion and modern public financial infrastructure. This public engagement with state policy promotes accessibility and democratic financial practices.
+60
Technology and Services Impact
June 18
The launch emphasizes advanced technological features such as robust encryption and two-factor authentication, ensuring user data security and promoting safe digital transactions. These measures contribute to a more secure digital ecosystem that resists authoritarian surveillance.
- JAN282025
MobiKwik, India's largest digital wallet, became the first fintech to launch a full-scale production version of the CBDC e‑rupee in partnership with the Reserve Bank of India and Yes Bank, aiming to drive digital financial inclusion.
+30
Technology and Services Impact
June 18
By launching the full-scale CBDC e‑rupee, MobiKwik demonstrates significant technological innovation aimed at enhancing digital transactions and promoting financial inclusion. While CBDCs can raise concerns over increased state surveillance, there is no evidence that this implementation serves repressive ends; instead, it reflects a progressive move towards modernizing financial services in line with regulatory evolution.
MobiKwik becomes the first fintech to do a full launch of CBDC E-Rupee with RBI
- MAR012021
In March 2021, MobiKwik suffered a major data breach that exposed sensitive personal and financial information of millions of users, calling into question the company's commitment to robust cybersecurity and ethical business practices.
-40
Business Practices and Ethical Responsibility
June 18
The data breach highlights serious deficiencies in MobiKwik's cybersecurity measures, undermining the trust of its millions of users. Such a failure to protect sensitive data can potentially facilitate exploitation by malicious entities, including those aligned with authoritarian practices. This reflects poorly on the company's business practices and ethical responsibility.
- JAN202021
Cybersecurity researchers revealed that personal data of over 10 crore Mobikwik users was found for sale on the dark web after a breach on January 20, 2021. Despite evidence of the breach and multiple independent confirmations, the company dismissed the claims and accused the researchers of fabricating evidence.
-50
Technology and Services Impact
June 18
Mobikwik’s failure to safeguard sensitive personal data of millions of users represents a significant breach in the responsibility expected from technology service providers. The lack of adequate security measures not only compromises user privacy but also increases the risk of data misuse, which can facilitate authoritarian control and surveillance. The company’s dismissive stance further deepens concerns about its commitment to ethical technology practices.
Data of 10 crore Mobikwik users for sale on dark web, say cybersecurity experts.
Alternatives
Gurugram, India
23.71
San Jose, United States
-24.30
Corporation
0.00
Corporation
0.00
Corporation
-24.19
Corporation
-46.30
Stockholm, Sweden
-0.48
Cayman Islands
-42.37
Mumbai, India
59.26
USA
45.15
Corporate Financials
- Revenue
- 2025
- $40.00M
Industries
- 522320
- Financial Transactions Processing, Reserve, and Clearinghouse Activities
- 523999
- Miscellaneous Financial Investment Activities
- 541519
- Other Computer Related Services