MobiKwik’s losses widened due to exceptional provisions made to cover fraud-related losses. The company made provisions worth ₹11.8 crore this quarter after detecting fraudulent transactions worth ₹40.4 crore in Q2 by certain users in Haryana.
MobiKwik’s losses widened due to exceptional provisions made to cover fraud-related losses. The company made provisions worth ₹11.8 crore this quarter after detecting fraudulent transactions worth ₹40.4 crore in Q2 by certain users in Haryana.