Paytm and MobiKwik Shares Fall on Reported UPI MDR Delay

Key Facts

Shares of Paytm and MobiKwik fell following reports that the rollout of Merchant Discount Rate (MDR) for UPI may be delayed. CNBC-TV18 reported that the potential delay impacts the monetization prospects for payment service providers who rely on these fees for revenue growth within the UPI ecosystem.

The stock prices for the involved fintech firms trended lower during sessions on October 8, 2026, as the news broke. This decline reflects market concerns over the National Payments Corporation of India (NPCI) timeline for fee implementation, which remains a critical factor for the long-term profitability of digital payment platforms in the region.