Fintech Shares Slip 10% Following Reported UPI MDR Delay
Major Indian fintech stocks, including Paytm and Pine Labs, dropped by 10 percent after recent reports indicated the government will postpone the implementation of a 0.4 percent Merchant Discount Rate on large UPI transactions to January. This delay temporarily dampens immediate revenue expectations for digital payment providers operating in India's rapidly growing financial sector.
Source: Outlook Money