MobiKwik Reports Significant Net Loss Increase in Q2 FY26 Due to Fraud

MobiKwik, a company that helps people pay using their phones, had a really bad financial quarter.

They lost a lot more money than last year, about seven times as much!

This happened because some people used a glitch in their system to steal money.

MobiKwik had to pay for this mistake, which made their losses bigger.

They also made a little less money from their regular business.

However, they are trying to get back some of the stolen money and are working hard to stop losing so much money each quarter.

They also mentioned that their user numbers and the number of shops that use their service have grown.