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Wire · regulatory

Paytm & MobiKwik Impacted as Government Proposes Zero MDR and No Fees for Digital ...

3 August 2026 · By · Wire by Fusion42

Published

3 August 2026

Topic

regulatory

◆ Sectors

Fintech

◆ Geography

India

◆ Source

Read at sahi.com →

◆ Verified

Fusion42 · 3 August 2026 · Fusion42 review

The Indian government maintains a zero Merchant Discount Rate (MDR) policy for UPI and RuPay transactions, preventing banks and fintechs like Paytm and MobiKwik from charging transaction fees, pushing these players to diversify into credit and merchant device services and still report profits.

This Wire brief sits within Fusion42's coverage of Fintech, and 45 sources have reported it between 19 Jul 2026 and 5 Oct 2026.

◆ ◆ The Wire takeaway

Your payment fees just vanished and so did your direct revenue from transactions. You need to convert payments into a customer funnel for lending or devices this week or watch rivals leave you behind.

◆ Coverage

45 sources · first reported 19 Jul 2026 · latest 5 Oct 2026

◆ Related on Wire

◆ Topics

Fintechzero-mdrdigital-paymentsfintech-diversificationupipaytmmobikwik