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Wire · operational-macro

After banks, PhonePe, Paytm and Google Pay to gain most from UPI MDR

6 August 2026 · By · Wire by Fusion42

Published

6 August 2026

Topic

operational-macro

◆ Sectors

Fintech

◆ Geography

India

◆ Source

Read at moneycontrol.com →

◆ Verified

Fusion42 · 30 August 2026 · Fusion42 review

PhonePe, Paytm, and Google Pay are set to gain the most from the Merchant Discount Rate (MDR) benefits on UPI transactions, following banks.

This Wire brief sits within Fusion42's coverage of Fintech.

◆ ◆ The Wire takeaway

Your fintech startup in India must reassess competitive positioning as PhonePe, Paytm and Google Pay capture bulk of UPI MDR gains, reshaping profitability corridors.

◆ Coverage

1 source · 6 Aug 2026

◆ Related on Wire

◆ Topics

Fintechupimdrfintechdigital-paymentsindia