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MobiKwik Reaches Profitability Milestone Amid UPI Headwinds

Digital payments provider MobiKwik posted its second straight profitable quarter. The company maintained stable payment margins despite competitive pressure from zero-fee UPI transactions. This achievement marks a significant turning point in MobiKwik's financial trajectory as it balances profitability with continued investment in emerging business segments. Zero-fee UPI offerings have compressed monetization opportunities across the payments sector, yet MobiKwik sustained its margins. The company focuses on maintaining profitability while funding new ventures. Co-founder Upasana Taku highlighted the quarter's results as evidence of an inflection point in the company's growth and profitability journey.