{"id":1028260,"date":"2026-08-12T08:25:49","date_gmt":"2026-08-12T02:55:49","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1028260"},"modified":"2026-08-12T09:28:57","modified_gmt":"2026-08-12T03:58:57","slug":"paytm-why-bernstein-sees-36-upside-on-potential-return-of-upi-mdr-fees","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/08\/12\/paytm-why-bernstein-sees-36-upside-on-potential-return-of-upi-mdr-fees\/","title":{"rendered":"Paytm: Why Bernstein sees 36% upside on potential return of UPI MDR fees"},"content":{"rendered":"<p>Bernstein has raised its target price on One97 Communications, the parent of Paytm, as the potential introduction of a merchant discount rate (MDR) on Unified Payments Interface (UPI) transactions could open a new monetisation opportunity for the company. The brokerage has incorporated the potential change into its base case from FY28E and expects it to strengthen Paytm\u2019s longer-term earnings profile. <\/p>\n<p>Bernstein on One97 Communications: \u2018Outperform\u2019 <\/p>\n<p>Bernstein retained its \u2018Outperform\u2019 rating and raised its target price to Rs 2,200 from Rs 1,500, indicating an upside of around 36.3%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bernstein has raised its target price on One97 Communications, the parent of Paytm, as the potential introduction of a merchant discount rate (MDR) on Unified Payments Interface (UPI) transactions could open a new monetisation opportunity for the company. The brokerage has incorporated the potential change into its base case from FY28E and expects it to strengthen Paytm\u2019s longer-term earnings profile. Bernstein on One97 Communications: \u2018Outperform\u2019 Bernstein retained its \u2018Outperform\u2019 rating and raised its target price to Rs 2,200 from Rs 1,500, indicating an upside of around 36.3%.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-1028260","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1028260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1028260"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1028260\/revisions"}],"predecessor-version":[{"id":1028285,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1028260\/revisions\/1028285"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1028260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1028260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1028260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}