Srinagar, March 19: TAbrez Alam, a 6th semester student from Department of Information Technology, National Institute of Technology (NIT) Srinagar has detected a bug in MobiKwik, a leading mobile payment and digital wallet application.
Hailing from Dhaka Champaran district in Bihar, Tabrez claimed that MobiKwik was facing huge losses worth millions of dollars from online shopping sites like Oppo, Realme, Xiaomi, Samsung, Lenovo , Reliance Digital made by Mobikwik.
“I have identified an error/bug in purchase transaction through MobiKwik of all the above companies due to which companies can lose millions of rupees. Even I have saved up to 30,000 rupees,” he said.
After identifying the bug, Tabrez informed the company MobiKwik, there was a conversation with the company’s security department via call and email, in which the company asked to share evidence of this bug.
“I am in contact with the company and details of the rest will be shared later,” he said.
Tabrez said this is a very critical bug as it can cause the company to lose Crores of Rupees in an hour, so some things have been kept confidential.
Director of NIT Srinagar, Prof. (Dr.) Rakesh Sehgal has praised the Tabrez Alam for helping the giant company avoid further losses.
“There is no shortage of talent here, especially in the field of technology, but there is a need to provide a dynamic platform for these students to grow and excel at a higher level,” said- he declared.
The Institute’s Registrar, Prof. Syed Kaiser Bukhari, also praised Tabrez’s efforts to catch the bug and urged him to work hard to speed up in the IT field.
MobiKwik is an Indian payment service provider founded in 2009 that provides mobile phone payment system and digital wallet. Customers add money to an online wallet that can be used for payments.
According to official data, as of November 2016, the company said it had 1.5 million merchants using its service and a user base of 55 million customers.