MobiKwik, one of India’s prominent digital payments platforms, has announced the resignation of Mohit Narain, its Chief Operating Officer for consumer payments, effective October 24, 2025. Narain stepped down due to personal health concerns, marking a significant change in the company’s senior management team. His departure was formally communicated by MobiKwik through an exchange filing, reflecting the company’s commitment to transparency in leadership transitions.

During his tenure, Mohit Narain played a pivotal role in strengthening MobiKwik’s consumer payments infrastructure, enhancing product offerings, and expanding the company’s reach across India’s digital payments ecosystem. His leadership contributed to the platform’s growth in transaction volumes, user acquisition, and the adoption of innovative financial products targeted at both individual and small business users.

Industry analysts note that executive departures, especially at the C-level, can impact operational momentum, but companies like MobiKwik often implement structured succession plans to ensure continuity. While the company has not immediately announced a successor, the move allows MobiKwik to realign its leadership structure to meet evolving market challenges and maintain its competitive position in the fintech space.

MobiKwik continues to focus on expanding its offerings in areas such as QR-based payments, lending solutions, and digital wallets. The company’s management has reiterated its commitment to innovation and operational excellence, assuring stakeholders that core business functions and strategic initiatives will continue without disruption.

The resignation of Mohit Narain highlights the pressures and challenges faced by executives in the fast-paced fintech sector. MobiKwik’s response demonstrates an emphasis on leadership stability, strategic planning, and ongoing investment in technology-driven solutions to sustain growth and serve the evolving needs of Indian consumers.