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Earlier report,

UPI MDR deferral to January 2027 sought; MobiKwik, Paytm, Pine Labs shares slide up to 7%

Since then, : NPCI defers UPI merchant discount rate until Diwali; Paytm, Pine Labs, Mobikwik shares rebound from day's lows

NPCI has received requests to defer the UPI MDR, scheduled for 15 October 2026, to January 2027. The MDR is fixed at 0.4% for transactions above Rs 2,000. Payments stocks fell up to 7% on 8 October 2026 while a decision is awaited.

MobiKwik, Paytm's parent and Pine Labs shares fell in morning trade on 8 October
  • MobiKwik share fall in morning trade6.67%
  • Paytm parent share fall in morning trade5.29%
  • Pine Labs share fall in morning trade2.66%

What we verified

Checked against the other reports of this story.

Updates

Each later report on this story, newest first. Earlier entries are never edited; a correction is a new entry.

  1. Read the update at Mint

    NPCI defers UPI merchant discount rate until Diwali; Paytm, Pine Labs, Mobikwik shares rebound from day's lows

  2. Read the update at Moneycontrol

    NPCI to decide on deferring 0.4% UPI MDR to January 2027 at 9 October Steering Committee meeting

    • MDR on Rs 10,000 transaction: Rs 40
    • Paytm, MobiKwik, Pine Labs share fall: 5%
    • Steering Committee meeting date: October 9

Reported figures

From the report. Source details below

MobiKwik share fall in morning trade: 6.67%
Paytm parent share fall in morning trade: 5.29%
Pine Labs share fall in morning trade: 2.66%

The source

Source Read the source at Moneycontrol

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Confirmed by India Today, The Hindu BusinessLine, Business Today, Medianama, Times of India, Mint, News18, Digit

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