NPCI delays UPI MDR rollout; Paytm, Pine Labs shares fall
In short
NPCI pushed back the rollout of merchant discount rate fees on some UPI payments beyond Diwali. The plan had earlier been set for October 15, and shares of Paytm and Pine Labs fell after the news.
This matters because the fee change was expected to help fintech earnings during the festive season. The new date is still not known.
What the reporting says
NPCI delayed the rollout of merchant discount rate fees on select UPI transactions beyond Diwali, and Paytm and Pine Labs shares fell after the update. The rollout had earlier been scheduled for October 15, according to the publisher summary, and was expected to support fintech earnings during the festive season. The revised implementation date was not stated and would be shared with stakeholders soon.
Why it matters
NPCI delayed the planned rollout of merchant discount rate fees on select UPI transactions beyond Diwali, after an earlier October 15 schedule. The move weighed on Paytm and Pine Labs shares, with the reporting saying the fee change had been expected to lift fintech earnings during the festive period. The new implementation date was not stated, and NPCI said it would be communicated soon.