Paytm, Pine Labs, Mobikwik shares crash up to 7% as UPI MPR fee rollout delayed beyond Diwali

Shares of Paytm, Pine Labs, and Mobikwik have fallen by up to 7% after the National Payments Corporation of India (NPCI) delayed the rollout of a new fee structure for certain types of digital transactions. This delay means that fintech companies will not see a boost in earnings during the Diwali festive season as previously expected. The delay is significant because it affects the merchant discount rate (MDR) fees on select UPI transactions, which could have a lasting impact on the financial performance of these companies.

Why it matters

The delay in the rollout of MDR fees on UPI transactions has negatively impacted the shares of Paytm, Pine Labs, and Mobikwik. This could lead to a decrease in investor confidence in the fintech sector.

Market impact

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