BusinessPhoto: Mint MarketsUPI MDR Fee Deferred Until Diwali 2026, Fintech Stocks Rally
The NPCI announced the deferment of the UPI Merchant Discount Rate (MDR) fee implementation until after Diwali 2026, citing the festival season. Following this decision, fintech stocks including Paytm, Pine Labs, Mobikwik, Zaggle, and Moneyview saw a strong rebound from their daily lows. Pine Labs shares rose from ₹154.42 to ₹165, Paytm from ₹1571 to ₹1675, and Mobikwik from ₹230.41 to ₹248.
Mint Markets·

