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Paytm, Pine Labs, MobiKwik Shares Recover After MDR Rollout Delay
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CNBC TV18•13-10-2026, 13:48
Paytm, Pine Labs, MobiKwik Shares Recover After MDR Rollout Delay
- •Shares of payment aggregators Paytm, Pine Labs, and MobiKwik plunged up to 7% following reports that the Merchant Discount Rate rollout was deferred.
- •The National Payments Council of India confirmed that the implementation is postponed to a date after Diwali, keeping the festive season in mind.
- •The temporary deferment came after merchant bodies and trade associations flagged potential negative impacts on small retailers and MSMEs during festive sales.
- •Stocks rebounded sharply after clarity emerged that the MDR is only delayed rather than scrapped, with MobiKwik and Pine Labs turning positive.
Key Questions Answered
Shares fell by up to 7% on October 13 after reports that the UPI Merchant Discount Rate rollout was deferred. They quickly recovered after the NPCI confirmed it was only a postponement until after Diwali rather than a cancellation.
The National Payments Council of India deferred the rollout to a date immediately following Diwali, with a revised implementation date to be notified separately. Diwali is scheduled to be celebrated in November.
The UPI and Services Steering Committee decided on the deferment keeping the festive season in mind. Industry sources indicated the decision followed requests from traders and merchant bodies concerned about the impact on small retailers and MSMEs.
