Fintech firm One Mobikwik Systems, which operates the digital payments and financial services platform Mobikwik, said it has appointed Anis Pathan as its chief risk officer (CRO).
In a statement, the company said Pathan will lead the company’s enterprise risk management (ERM) framework, overseeing strategic, financial, operational, cyber, and fraud risks. His role will also involve strengthening controls across Mobikwik’s core payments businesses, including Unified Payments InterfaceFi (UPI), wallet and merchant payments, as well as building systems for fraud prevention and regulatory compliance.
The appointment, cleared by the board, comes at a time when the Gurugram-based company has reported instances of fraud in recent months.
In September 2025, Mobikwik disclosed a fraud of about Rs 40 crore involving certain registered merchants and users in Haryana, who allegedly colluded to claim unauthorised settlements. Earlier, the company had reported another fraud of Rs 1.26 crore, allegedly involving a former employee who misappropriated funds by altering merchant details.
“As Mobikwik evolves from a payments platform into a full-scale financial institution, enterprise risk management becomes foundational to everything we do. Anis brings deep experience across banking, enterprise risk, and fraud prevention,” said Bipin Preet Singh, cofounder and CEO of Mobikwik.
The company said Pathan will work closely with the board’s risk and audit committee and support its expansion into verticals such as digital lending, stockbroking, and payment aggregation through its subsidiaries. Mobikwik has also secured licences for payment aggregation and stockbroking.
Pathan joins from Oman Arab Bank, where he headed enterprise risk management. He has over 14 years of experience across banking, insurance and financial services, and has previously been with NSDL Payments Bank, Chaitanya India Fin Credit, Coface, and ICICI Lombard.
“I look forward to strengthening Mobikwik group’s technology-led risk architecture to ensure a secure and frictionless experience for millions of customers, while establishing a forward-looking risk culture across the organisation,” said Pathan.
Founded in 2009, Mobikwik has been expanding beyond its core wallet business into broader financial services such as credit and investment products, as it competes with larger fintech players. The company, which listed in December 2024, had a market capitalisation of about Rs 1,440 crore as of Thursday.
For the December quarter, Mobikwik reported a consolidated profit of Rs 4 crore, compared with a loss of Rs 55 crore a year earlier, aided by lower payment processing costs and improved operating efficiencies.
In a statement, the company said Pathan will lead the company’s enterprise risk management (ERM) framework, overseeing strategic, financial, operational, cyber, and fraud risks. His role will also involve strengthening controls across Mobikwik’s core payments businesses, including Unified Payments InterfaceFi (UPI), wallet and merchant payments, as well as building systems for fraud prevention and regulatory compliance.
The appointment, cleared by the board, comes at a time when the Gurugram-based company has reported instances of fraud in recent months.
In September 2025, Mobikwik disclosed a fraud of about Rs 40 crore involving certain registered merchants and users in Haryana, who allegedly colluded to claim unauthorised settlements. Earlier, the company had reported another fraud of Rs 1.26 crore, allegedly involving a former employee who misappropriated funds by altering merchant details.
“As Mobikwik evolves from a payments platform into a full-scale financial institution, enterprise risk management becomes foundational to everything we do. Anis brings deep experience across banking, enterprise risk, and fraud prevention,” said Bipin Preet Singh, cofounder and CEO of Mobikwik.
The company said Pathan will work closely with the board’s risk and audit committee and support its expansion into verticals such as digital lending, stockbroking, and payment aggregation through its subsidiaries. Mobikwik has also secured licences for payment aggregation and stockbroking.
Pathan joins from Oman Arab Bank, where he headed enterprise risk management. He has over 14 years of experience across banking, insurance and financial services, and has previously been with NSDL Payments Bank, Chaitanya India Fin Credit, Coface, and ICICI Lombard.
“I look forward to strengthening Mobikwik group’s technology-led risk architecture to ensure a secure and frictionless experience for millions of customers, while establishing a forward-looking risk culture across the organisation,” said Pathan.
Founded in 2009, Mobikwik has been expanding beyond its core wallet business into broader financial services such as credit and investment products, as it competes with larger fintech players. The company, which listed in December 2024, had a market capitalisation of about Rs 1,440 crore as of Thursday.
For the December quarter, Mobikwik reported a consolidated profit of Rs 4 crore, compared with a loss of Rs 55 crore a year earlier, aided by lower payment processing costs and improved operating efficiencies.
