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Fintech stocks down as MDR on UPI may be deferred to Jan 1 | Business Standard – newspaper

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Business Standard

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Shares of Indian fintech and digital payments companies fell sharply on Thursday after reports of a proposal to push back the merchant discount rate (MDR) on Unified Payments Interface (UPI) transactions to January 1, 2027, from the current start date of October 15.

–Ā AJINKYA KAWALE

Shares of One 97 Communications, which operates Paytm, fell as much as 10 per cent intraday before ending 5.42 per cent lower at ₹1,64

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This story is from the October 09, 2026 edition of Business Standard.

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