Fraud

MobiKwik reports Rs 1.26 crore fraud by ex-employee

MobiKwik reports Rs 1.26 crore fraud by ex-employee

28 Mar 2025, 21:39 PM

The Gurugram-based fintech claims that the employee embezzled the funds from August 2023 to September 2024 by altering merchant details.

Indians lost Rs 107 crore to digital payment frauds during Apr-Dec period

Indians lost Rs 107 crore to digital payment frauds during Apr-Dec period

12 Mar 2025, 19:08 PM

By the end of the financial year 2024, the total loss due to cyber fraud had reached Rs 177 crore, with 29,082 cases recorded across the country.

Fino Bank employees defraud merchants of Rs 35.55 crore; investigation reveals misconduct

Fino Bank employees defraud merchants of Rs 35.55 crore; investigation reveals misconduct

27 Jan 2025, 16:08 PM

The payments bank hired KPMG to conduct an independent investigation.

UPI frauds: 6.32 lakh fraud cases worth Rs 485 crore in April-September

UPI frauds: 6.32 lakh fraud cases worth Rs 485 crore in April-September

26 Nov 2024, 23:13 PM

According to the data revealed by the Ministry of Finance in a reply to Parliament, UPI fraud incidents surged by 85% in FY24.

Ashneer Grover asked to submit Rs 80-cr security, title deeds of DLF Camellias property to travel to US

Ashneer Grover asked to submit Rs 80-cr security, title deeds of DLF Camellias property to travel to US

24 May 2024, 23:17 PM

The Delhi High Court also asked BharatPe's former MD to deposit his Emirates ID issued by the UAE government.

Fintech Hightlights

  1. Paytm's First Games receives Rs 5,712 crore GST notice

  2. PB Fintech invests Rs 539.4 crore in healthcare unit

  3. MobiKwik sets up wholly-owned unit to operate as an NBFC

  4. Pine Labs promotes CEO Amrish Rau to MD and chairman ahead of IPO

  5. SME lender Finodaya Capital raises $2.5 million led by White Venture Capital
  6. Read more highlights...

Editor's Pick

  1. NPCI’s Silent Power Play: The policy muscle and money behind RuPay’s credit push

  2. BharatPe’s NBFC Trillion Loans FY24 statement: Auditor flags ‘material weakness’ in financial controls

  3. Decoding Stashfin: Business, funding, and culture struggles — can Paytm veteran turn it around?