VERIFIEDET Markets·16 Sept 2026neutral

UPI MDR bonanza: Why Paytm may win bigger, but Pine Labs could gain faster

AI Summary

·Paytm and Pine Labs are expected to benefit from the new UPI MDR framework.
·Analysts estimate Paytm's FY28 UPI MDR revenue could reach up to Rs 1,160 crore.
·Pine Labs may experience a greater impact on its earnings and profitability.