Archive · 9 Oct 2026
Paytm and MobiKwik Rise as NPCI Weighs Delaying UPI Fees
Paytm and MobiKwik shares went up in early trading on Friday.
Investors were waiting to hear whether a new fee on some UPI payments would be delayed.
The National Payments Corporation of India runs UPI and was considering the delay.
The proposed fee is 0.4% for transactions above Rs2,000.
It was originally due to begin on Oct.
15, 2026.
Reports said the start might be pushed back to January 2027.
Merchant groups and payment companies raised concerns about extra costs, especially during the festive shopping season.
Pine Labs shares moved lower while the industry awaited a decision.
Paytm shares rose more than 2.5% to Rs1,682, while MobiKwik gained 8% to Rs263 in early Friday trading.
Pine Labs shares traded lower amid uncertainty over proposed payment processing fees.
The National Payments Corporation of India was considering postponing UPI merchant discount rate charges, with a decision expected after a committee meeting.
The proposed 0.4% MDR would apply to UPI transactions above Rs2,000 and was originally scheduled to start on Oct. 15, 2026.
Merchant groups and payment industry participants sought a delay, citing added costs during the festive season and uncertainty about rates and eligible transactions.
- Who
- The National Payments Corporation of India, UPI Steering Committee, payment companies, merchants and investors.
- What
- NPCI was considering delaying the proposed UPI merchant discount rate charges.
- When
- The decision was expected on Friday; the charges were originally due to start on Oct. 15, 2026, and could be deferred until January 2027.
- Where
- India.
- Why
- Merchant groups and industry participants raised concerns about added costs during the festive shopping season and sought clarity on rates and which transactions would be charged.
- Proposed MDR
- 0.4%, or 40 basis points
- Transaction threshold
- Transactions exceeding Rs2,000
- Original start date
- Oct. 15, 2026
- Potential postponement
- Until January 2027, according to a report cited in the article
- Example fee
- A Rs10,000 payment would incur a Rs40 charge at the proposed rate
- Paytm share move
- Rose more than 2.5% to Rs1,682 in early trading
- MobiKwik share move
- Rose 8% to Rs263 in early trading