Mobikwik App Glitch Leads to ₹40 Crore Fraud, 6 Arrested and 2,500 Accounts Frozen

Mobikwik, a popular digital wallet and payments app, has been hit by a major fraud caused by a software glitch. Between September 11 and 12, 2025, a flaw in its systems allowed transactions to go through even when wallets or linked bank accounts had insufficient balance, or when incorrect passwords were entered.