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Paytm Shares Plunge 10 Percent Amid Reports of UPI MDR Delay
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News18•08-10-2026, 09:55
Paytm Shares Plunge 10 Percent Amid Reports of UPI MDR Delay
- •Shares of One97 Communications fell by 10 percent following reports that the new Merchant Discount Rate framework for UPI transactions might be deferred.
- •The proposed MDR regime, which was initially scheduled for October 15, 2026, could now be postponed to January 1, 2027.
- •The potential delay aims to keep UPI payments free for merchants through the festive season following pushback from retail traders.
- •Other payment firms like Pine Labs and One MobiKwik Systems also faced downward pressure as expected near-term revenue opportunities are delayed.
- •The drop also follows the Reserve Bank of India formally removing Paytm Payments Bank Ltd from its list of scheduled banks.
Key Questions Answered
Paytm shares declined after reports emerged that the rollout of the new Merchant Discount Rate framework for UPI transactions might be deferred by over two months to January 1, 2027.
The proposed framework would levy a 0.4% MDR on eligible person-to-merchant UPI transactions above Rs 2,000, capped at Rs 300 for transactions of Rs 75,000 and above, while keeping consumer payments free.
The Reserve Bank of India formally removed Paytm Payments Bank Ltd from the scheduled banks list under the RBI Act as part of its ongoing winding-up process.
