BusinessPaytm Shares Drop 10% on Possible UPI MDR Rollout Delay
Shares of One97 Communications, Paytm's parent company, fell up to 10% on October 8 after reports indicated the new Merchant Discount Rate (MDR) framework for UPI transactions might be delayed by over two months. The MDR, set to start October 15, 2026, would charge 0.4% on person-to-merchant UPI payments above Rs 2,000. The delay raises concerns about postponed revenue gains for Paytm and other payment firms like Pine Labs and MobiKwik.
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