MobiKwik, the Gurugram-based digital payments and fintech company, has appointed Anis Pathan as its Chief Risk Officer, a move signaling heightened focus on risk governance amid expansion. The company said the appointment supports secure, compliant and scalable growth as it expands across payments, lending and broking.
Pathan joins from Oman Arab Bank, where he served as Head of Enterprise Risk Management, bringing over 14 years of expertise across banking, microfinance, insurance, and financial services in India and the Middle East. His previous roles include Chief Risk Officer at Chaitanya India Fin Credit and NSDL Payments Bank, as well as positions at Coface and ICICI Lombard. Holding an MBA in Finance from NMIMS Mumbai, along with FRM, CISA, and Sustainability and Climate Risk certifications, Pathan will define and lead the group's Enterprise Risk Management (ERM) framework.
STRATEGIC RISK OVERHAUL
In his new role, Pathan will oversee a broad spectrum of risks—strategic, financial, operational, cyber, and fraud—while strengthening security and scalability in MobiKwik's core payments business. This includes Unified Payments Interface (UPI), wallet services, bill payments, and merchant transactions. He will introduce advanced monitoring and stronger onboarding controls, and lead fraud-prevention and financial-crime strategy using data analytics and risk systems, while ensuring regulatory compliance.
Pathan will collaborate closely with the Board’s Risk and Audit Committee, providing insights on emerging threats as MobiKwik diversifies through subsidiaries into digital lending, stock broking, and payment aggregation. "Anis brings deep experience across banking, enterprise risk and fraud prevention. His appointment reinforces our commitment to secure, compliant and scalable growth as we expand across payments, lending and broking," said Bipin Preet Singh, co-founder and CEO of MobiKwik.
"MobiKwik’s payments and financial services platform operates at a scale where enterprise risk management is not just a compliance function, it’s a growth enabler. 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," he stated.
FRAUD PREVENTION FOCUS
The appointment follows a September 2025 incident in which a technical glitch in MobiKwik's app was exploited to siphon off about ₹40 crore, after which police in Gurugram froze about 2,500 bank accounts.
MOBIKWIK'S GROWTH TRAJECTORY
Founded in 2009, MobiKwik has evolved from a mobile wallet into a comprehensive financial services provider. The company has 186.6 million registered users and 4.79 million merchants, according to Business Standard.
INDUSTRY CONTEXT
At Oman Arab Bank, Pathan led enterprise risk management and implemented AI-driven risk automation. As Chief Risk Officer of NSDL Payments Bank, he led efforts to close a full-scope Reserve Bank of India audit with zero observations.