New MDR norms for UPI to add more revenue, bottom line to business: Paytm CEO
The Indian government will impose a 0.4% Merchant Discount Rate on UPI transactions over ₹2,000 starting October 15. Paytm CEO Vijay Shekhar Sharma stated this move will enhance revenue and profitability for his company while allowing for increased merchant acquisition. He expressed confidence in regaining market share previously held by Paytm by fiscal year 2026.