Fintech shares fall after UPI merchant discount rate delay report
By United One News · AI-generated summary of 2 outlets' reporting
Published · Updated
AI-generated summary of the coverage listed below:
Shares of Paytm, Pine Labs and MobiKwik dropped on September 16 after reports that the UPI merchant discount rate rollout may be postponed.
- The government had announced a 0.4% MDR for UPI transactions over ₹2,000 on September 15.
- The MDR was initially set to take effect on October 15.
- Stock prices fell as investors reacted to the potential delay.
Covered by 2 outlets across the spectrum: 0% left, 100% center, 0% right.
How each side framed it
Pine Labs, Paytm, MobiKwik Shares Slide Amid Reports Of UPI MDR Delay
Timeline
First reported by Inc42 on ; 2 articles from 2 outlets so far.
Who is covering this story
- Center (2): Inc42, Business Today