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Paytm, Pine Labs and MobiKwik Shares Plunge Up to 10 Percent
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CNBC TV18•08-10-2026, 09:29
Paytm, Pine Labs and MobiKwik Shares Plunge Up to 10 Percent
- •Shares of major payment aggregators including Paytm, Pine Labs, and MobiKwik fell up to 10 percent on Thursday following reports of a proposed delay in the Merchant Discount Rate rollout.
- •Traders and industry associations requested the Finance Ministry and the National Payments Council of India to defer the MDR rollout from October 15 to January 2027.
- •Merchant bodies highlighted the potential negative impact of the MDR on small retailers and MSMEs, prompting discussions on exemption thresholds and phased implementation.
- •The proposed UPI MDR framework was initially set to introduce a 0.4 percent charge on Person-to-Merchant transactions exceeding 2000 rupees starting October 15.
- •Paytm witnessed its biggest single-day fall since February 1, trading 10 percent lower at 1558 rupees, while Pine Labs and MobiKwik shares also recorded notable losses.
Key Questions Answered
Shares of payment aggregators like Paytm, Pine Labs, and MobiKwik dropped by up to 10% after sources reported that a request was made to defer the implementation of the Merchant Discount Rate (MDR) rollout by a few months.
The requests to defer the MDR rollout have been submitted by traders and industry associations to both the Finance Ministry and the National Payments Council of India (NPCI).
Under the framework, a 0.4% MDR was scheduled to apply to Person-to-Merchant transactions exceeding ₹2,000 starting October 15, with a capped rate of ₹300 for transactions of ₹75,000 and above along with a ₹5 fixed rate for specific categories.
