Paytm, Mobikwik, Pine Labs shares fall on UPI MDR delay fears
In short
Paytm, Mobikwik and Pine Labs shares fell sharply as reports said the UPI merchant fee change may be delayed. The new fee was earlier said to start on October 15, with 0.4% on person-to-merchant payments above ₹2,000 and a ₹300 cap for payments of ₹75,000 and above.
This matters because these companies were seen as possible winners from the new fee setup. But the final decision on the delay is still not stated.
What the reporting says
Paytm, Mobikwik and Pine Labs shares fell sharply, with reports saying a possible delay in UPI MDR implementation raised concerns about expected benefits from the new fee structure. The sources said the MDR was earlier said to start on October 15, with 0.4% on person-to-merchant transactions above ₹2,000 and a ₹300 cap for transactions of ₹75,000 and above. What is still unknown is whether the rollout will be delayed.
Why it matters
Paytm, Mobikwik and Pine Labs shares dropped after reports suggested the UPI MDR rollout could be delayed. The market reaction centers on the fee structure that was said to begin on October 15 and could have helped fintech firms benefit from merchant payments. The immediate effect is pressure on those stocks, while the final status of the rollout remains unclear.