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RBI imposes Rs 1 cr fine each on Mobikwik and Spice Money

The central bank explained that it has observed that One Mobikwik Systems Private Limited and Spice Money Limited had not complied with the direction issued by RBI on the net-worth requirement for Bharat Bill Payment Operating Units (BBPOUs).
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MobiKwik- your financial superpower!

India was still catching up with digitization and automation – as a developing economy when it opened its doors to new technologies. This made smartphones and internet-enabled financial transactions a new norm! ....

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"I was asked my marital status during investor pitch meetings," says MobiKwik co-founder, Upasana Taku

Women have always had it tougher than men in India's corporate world, something Taku also agrees upon, but in the coming-of-age fintech industry of India, the sight of a woman in the top leadership was extremely rare. ....

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BT EXCLUSIVE: MobiKwik to go public early next year: Upasana Taku, co-founder

Taku, MobiKwik's COO and co-founder, told Business Today that the company has been able to cut down its losses by half in FY22 and is looking to become profitable in the next few quarters.
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MobiKwik to delay planned IPO following Paytm's dismal market debut: CEO

Shares in larger payments rival Paytm plummeted this month following their debut and are down more than 30% below its issue price of 2,150 per share. ....

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