One Mobikwik slips into red, Paytm pares gains after opening surge on UPI MDR announcement - Moneycontrol.com
· Business · Moneycontrol, LiveMint
MobiKwik shares declined in trading while Paytm experienced a reduction in earlier gains following the latest announcement regarding UPI Merchant Discount Rates. The market movement follows the recent regulatory updates concerning the transaction charges applicable to UPI payments. Paytm had initially surged in value during the opening session before paring back its gains as the market reacted to the news. MobiKwik's stock performance shifted into negative territory as the session progressed. The report does not specify the exact percentage change in stock prices or the specific regulatory details behind the UPI MDR announcement.
Why it matters
The UPI MDR policy directly impacts the revenue models of major Indian digital payment platforms and the transaction costs borne by merchants. Changes in these rates influence the profitability of fintech companies and the adoption of digital payment services across the country.
Read the original report — Moneycontrol
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