Overview

• Saurabh Dwivedi has been appointed chief technology officer and will oversee engineering across payments, financial services, core platform, infrastructure and AI-assisted product development.
• Dhruv Wadhera has been promoted to senior vice president of offline payments to spearhead expansion in Tier II and III cities.
• The leadership changes support MobiKwik’s plan to use AI as a growth catalyst for faster go-to-market, revenue gains and margin improvement through intelligent automation.
• MobiKwik reported a FY25 net loss of INR 121.53 crore, a reversal from last year’s INR 14.1 crore profit, driven by underperformance in its lending business.
• The Ministry of Finance ruled out reinstating merchant discount rates on UPI payments, prompting a 3.38% drop in MobiKwik shares to INR 245.70 on the BSE.