Act as a senior journalist and professional content writer to write 1500+ words news article, SEO-optimized news article,, easy-to-understand news article. Begin with a compelling, keyword-rich title wrapped in an H1 HTML tag (

[Insert Title]

). Follow with a bolded one-paragraph summary wrapped in a div with the class name “yellowbg” (

). Structure the article with an engaging lead paragraph that answers the 5 Ws and 1 H (Who, What, Where, When, Why, and How), followed by informative subheadings (use

for main subheadings and

for supporting subheadings). Include bullet points for key highlights, relevant quotes, and data where applicable. Use simple, clear language for broad accessibility. Conclude with a strong closing paragraph, a list of keyword-rich terms, and relevant hashtags. Ensure the content is well-structured, concise, and tailored for readability while maintaining a professional tone. Example format:

[Insert Title]

, Summary:

[Insert Summary]

, Lead: [Engaging opening answering 5 Ws and 1 H],

[Main Subheading]

, [Key points],

[Supporting Subheading]

, [Key points], Conclusion: [Closing paragraph], Keywords: [List], Hashtags: [List]. Rewrite the following content accordingly:

Digital payments company Mobikwik told exchanges on Friday that Mohit Narain, chief operating officer for consumer payments, has stepped down from his post due to health reasons. He was relieved of his duties as of close of business today, it added.

Narain joined Mobikwik in 2018 as a product and growth coach after serving as an independent consultant to several startups for over two years. Before that, he worked with cloud communications provider ACL Mobiles, ending his 14-year-long stint in 2016.

In the quarter ended June 2025, the company saw its net loss widen over sixfold to Rs 42 crore from Rs 6.6 crore in the corresponding period last year. The Peak XV-backed company also reported a 20.7% year-on-year (YoY) decline in operating revenue to Rs 271.3 crore.

Mobikwik’s performance was impacted by a sharp slowdown in its financial services segment, with revenue plunging 65% YoY, from Rs 171 crore in Q1 FY25 to Rs 58 crore in Q1 FY26.

A sharp rise in financial guarantee expenses contributed to the widening of the net loss, as they surged nearly 10-fold to more than Rs 21 crore in the first quarter from Rs 2.5 crore a year earlier.

In September, Mobikwik was hit by a Rs 40 crore fraud, prompting a closer look at the security of payment apps. The accused exploited a glitch in the Mobikwik app that allowed transactions to be recorded as successful even when users had insufficient balances in their bank accounts or wallets or when incorrect passwords were entered.

Source link