NPCI defers UPI MDR to after Diwali; Paytm, Pine Labs, MobiKwik shares rebound

NPCI has postponed the 0.4% merchant discount rate (MDR) on select UPI merchant payments above ₹2,000 until after Diwali, pushing back the planned October 15 rollout while leaving the proposed fee structure unchanged. Paytm, Pine Labs and MobiKwik shares rebounded on the decision.

Detected & updated continuously · Source: Nebula