Wire · operational-macro
MobiKwik, Paytm shares rally up to 7% as NPCI considers delaying UPI MDR rollout to January 2027
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Fusion42 · 9 October 2026 · Fusion42 review
The National Payment Corporation of India (NPCI) is considering delaying the rollout of a 0.4% Merchant Discount Rate (MDR) on UPI payments above Rs 2,000 from October 15, 2026, to January 1, 2027, due to concerns over the festive season impact on merchants. This potential delay has caused shares of key digital payment firms like MobiKwik and Paytm to rally.
This Wire brief sits within Fusion42's coverage of Fintech, and 31 sources have reported it between 15 Sep 2026 and 9 Oct 2026.
◆ ◆ The Wire takeaway
The postponed UPI MDR rollout opens a short-term window for you to expand merchant volume without added fees. Plan product and pricing moves now before MDR enforcement reshapes merchant costs and payment economics.
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31 sources · first reported 15 Sep 2026 · latest 9 Oct 2026
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