The Rs 11,500 crore UPI pivot: How proposed MDR fees could power Paytm’s growth? BofA reaffirms Buy
Could the biggest change in India’s Unified Payments Interface (UPI) ecosystem also become a new growth trigger for Paytm? That is the question investors are now watching closely.
The government has created legal flexibility to introduce a Merchant Discount Rate (MDR) on selected UPI merchant transactions. The final rules are still awaited.
According to Bank of America (BofA) Global Research, the move could create an annual revenue opportunity of around Rs 8,000-11,500 crore for the broader payments industry.
