MDR On UPI Could Be Game Changer For Paytm, EPS May Jump Over 7-Fold By FY30 ...

Bernstein projects a significant increase in Paytm's EPS driven by the likely introduction of a merchant discount rate (MDR) on UPI transactions, alongside growth in merchant lending and operating leverage. The MDR implementation is seen as a near-term catalyst potentially adding substantial profit by FY28, with additional upside from consumer credit products like BNPL.

This Wire brief sits within Fusion42's coverage of Fintech, and 45 sources have reported it between 19 Jul 2026 and 15 Oct 2026.