Paytm, Pine Labs, Mobikwik shares crash up to 7% as UPI MPR fee rollout delayed beyond Diwali

Shares of Paytm, Pine Labs, and Mobikwik dropped up to 7% after NPCI delayed the rollout of merchant discount rate (MDR) fees on select UPI transactions beyond Diwali.

The rollout, earlier scheduled for October 15, was expected to boost fintech companies’ earnings during the festive season.

NPCI said the revised implementation date would be communicated to stakeholders soon.