ONE MOBIKWIK SYSTEMS (MOBIKWIK)
Active threads
Paytm, MobiKwik, Pine Labs shares plunge up to 10% on UPI MDR delay
Shares of Paytm, MobiKwik, and Pine Labs fell as much as 10% after reports that India may defer the proposed 0.4% UPI merchant discount rate (MDR) on transactions above ₹2,000. The delay is seen as a blow to payment companies' revenue prospects, though Goldman Sachs maintained a favourable risk-reward on Paytm with a target above ₹2,000. Meanwhile, experts argue the deferral is unjustified since 95% of merchant payments would face no impact.
NPCI Defers UPI MDR Past Diwali, Fintech Stocks Swing 7%
NPCI has postponed the rollout of the merchant discount rate (MDR) on UPI transactions above ₹2,000 until after Diwali, leaving the fee structure in limbo. Fintech stocks including Paytm, Pine Labs, and MobiKwik initially fell up to 7% on the news before rebounding as investors digested the delay. The deferral means UPI transactions over ₹2,000 remain free for now, but the uncertainty continues to weigh on payment companies' revenue outlook.
PhonePe, MobiKwik, Razorpay CEOs back UPI merchant fees
5 Min Read A merchant fee on UPI transactions could give fintech companies a new way to make money from payments while encouraging them to invest more in the ecosystem, the CEOs of PhonePe, MobiKwik and Razorpay said. Speaking to CNBC-TV18 at the Global Fintech Festival 2026, PhonePe Co-Founder and CEO Sameer Nigam said introducing a merchant discount rate (MDR) would give payment companies a monetisation model directly linked to the transactions they process.
MobiKwik expands forex offering to six currencies
2 Min Read MobiKwik has expanded its digital foreign exchange offering from one to six currencies, allowing users to access forex for overseas travel, education and other eligible requirements through its app. The company, which launched its FX Retail service with US dollars at the Global Fintech Fest in 2025, has now added the UAE dirham (AED), Canadian dollar (CAD), British pound (GBP), euro (EUR) and Swiss franc (CHF).
MobiKwik gains third consecutive profit
MobiKwik has reported its third profitable quarter, with a Rs 7.6 crore profit compared to an Rs 419 crore loss in the same period last year. Platform GMV remains at record highs.
Intelligence feed
No articles in the last 24 hours.