NPCI Defers UPI MDR Fee Decision Until Diwali 2026
NPCI delayed its decision on UPI MDR implementation until Diwali 2026. Fintech stocks including Paytm, Pine Labs, PB Fintech, Groww and Mobikwik rebounded from the day's lows after the announcement.
Stock market update for Oct. 13: NPCI said its decision on implementing UPI MDR in India has been deferred until Diwali 2026. Following the announcement, fintech stocks Paytm, Pine Labs, PB Fintech, Groww and Mobikwik rebounded strongly from their lows for the day.