Announced Wed, 16 Sept, 2026 · 09:23 IST
NPCI introduces MDR on UPI P2M transactions above Rs 2,000
MOBIKWIK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.2%1-day move
₹200.10
prior close
₹208.43
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.1-5.1-4.6-4.8+0.2+6.4+4.2+3.9+1.6+0.2+22.4———
Up moveDown movePending
AI summary
NPCI has introduced a Merchant Discount Rate of up to 0.4% on UPI person-to-merchant transactions above Rs 2,000, effective October 15, 2026. For MobiKwik, previously free UPI P2M payments will now generate revenue. The company will earn as a Third-Party App Provider on consumer UPI GMV and as an acquirer on merchant GMV. No charge applies to customers.
Likely market impact
Opens a new revenue stream for MobiKwik's payments business; viewed as a growth enabler. Marginally positive for the stock.