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News Impact UPI's MDR moment

Paytm

Paytm, Pine Labs: Jefferies, Goldman decode MDR impact on UPI payments

Jefferies said that MDR on UPI comes ahead of estimates and is "higher than expectations" of 25bps, while Emkay Global believes that this development lifts the revenue pool for the industry.

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Last Updated: 16-Sep-2026 | 03:26 PM IST

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