Paytm and Mobikwik stocks rise up to 7% after new UPI fee boosts revenue outlook
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AI-generated summary of the coverage listed below: Paytm and Mobikwik shares climbed about 7% on Wednesday after the Indian government announced a 0.4% merchant discount rate (MDR) fee on UPI transfers over ₹2,000 to merchants, ending six years of free UPI. The fee, effective October 15, is expected to improve revenue visibility for digital payment firms. Paytm hit a 52‑week high of ₹1,856.50 on the BSE, while Mobikwik rose 6% to ₹214.
Covered by 2 outlets across the spectrum: 0% left, 100% center, 0% right.
Who is covering this story
- Center (2): Free Press Journal, YourStory
Sources
- Paytm, Mobikwik Shares Rally Up To 7% After UPI MDR Charges Boost Digital Payments Revenue Outlook — Free Press Journal (center)
- Paytm shares jump over 7%; Pine Labs, One Mobikwik pare early gains — YourStory (center)