{"id":1036252,"date":"2026-09-17T09:16:36","date_gmt":"2026-09-17T03:46:36","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1036252"},"modified":"2026-09-17T09:33:43","modified_gmt":"2026-09-17T04:03:43","slug":"paytm-vs-pine-labs-which-stock-gets-the-bigger-opportunity-from-0-4-upi-mdr","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/09\/17\/paytm-vs-pine-labs-which-stock-gets-the-bigger-opportunity-from-0-4-upi-mdr\/","title":{"rendered":"Paytm vs Pine Labs: Which stock gets the bigger opportunity from 0.4% UPI MDR?"},"content":{"rendered":"<p>The end of the zero merchant discount rate (MDR) on select Unified Payments Interface (UPI) transactions is opening a new revenue opportunity for payment companies. From October 15, 2026, a 0.4% MDR will apply to eligible person-to-merchant (P2M) UPI transactions above Rs 2,000, while several smaller and specified transactions will remain outside the full-rate structure. <\/p>\n<p>For companies such as Paytm and Pine Labs, the change could turn some previously non-monetised transactions into a source of revenue. But how much will actually reach their books? That depends on transaction value, exemptions, revenue sharing and the portion of MDR each company can retain.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The end of the zero merchant discount rate (MDR) on select Unified Payments Interface (UPI) transactions is opening a new revenue opportunity for payment companies. From October 15, 2026, a 0.4% MDR will apply to eligible person-to-merchant (P2M) UPI transactions above Rs 2,000, while several smaller and specified transactions will remain outside the full-rate structure. For companies such as Paytm and Pine Labs, the change could turn some previously non-monetised transactions into a source of revenue. But how much will actually reach their books? That depends on transaction value, exemptions, revenue sharing and the portion of MDR each company can [&hellip;]<\/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-1036252","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\/1036252","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=1036252"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1036252\/revisions"}],"predecessor-version":[{"id":1036255,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1036252\/revisions\/1036255"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1036252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1036252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1036252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}