13-Oct-2026 13:27:18
Paytm, MobiKwik and Pine Labs Slide as UPI MDR Rollout Faces January 2027 Delay
Shares of Paytm, MobiKwik and Pine Labs tumbled after NPCI informed companies that the implementation of the new UPI merchant discount rate (MDR) framework to be postponed to January 1, 2027, from October 15. Paytm fell 4%, MobiKwik declined 3.2% and Pine Labs dropped 2.7%. The proposed 0.4% fee on eligible UPI merchant transactions above ₹2,000 was expected to create a new revenue stream.