ONE MOBIKWIK SYSTEMS LIMITED : NPCI INTRODUCES MDR ON UPI P2M TRANSACTIONS ABOVE ₹2,000

• National Payments Corporation of India (NPCI) has introduced a Merchant Discount Rate (MDR) of up to 0.4% on UPI Person-to-Merchant (P2M) transactions exceeding ₹2,000. • The MDR will be effective from October 15, 2026. • The company expects to earn revenue from this as a Third-Party Application Provider (TPAP) and as an acquirer on its merchant GMV. • UPI payments will remain free for users. • The company views this as an enabler for deepening its UPI presence and scaling its merchant business. • Disclosure to be hosted on the company's website.

One Mobikwik Systems Limited

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