UPI MDR Deferred Till Diwali: What It Means For Paytm, MobiKwik & Fintech Stocks | Market Analysis

NPCI has deferred the implementation of UPI Merchant Discount Rate (MDR) charges until after Diwali, offering temporary relief to merchants ahead of the festive season. The development triggered sharp moves in fintech stocks, including Paytm and MobiKwik, with Paytm falling nearly 7% intraday before recovering. In a conversation with Sakshi Batra, market expert Pankaj explains why the deferment may have a limited impact on fintech companies, why the implementation of MDR could still be positive for payment service providers, and how the expected revenue pool could be distributed between banks and payment service providers. Is the delay a setback for fintech stocks or merely a temporary sentiment-driven development? Watch the full discussion for insights.