VERIFIEDET Markets·16 Sept 2026positive

Paytm, MobiKwik, Pine Labs shares rally up to 6% after govt announces UPI fees above Rs 2,000. Why brokerages are bullish

AI Summary

·Paytm, MobiKwik, and Pine Labs shares saw gains of up to 6% following the government's announcement regarding UPI transaction fees.
·A 0.4% fee will be applied to eligible P2M UPI transactions exceeding Rs 2,000, starting October 15.
·The fee is capped at Rs 300 for payments of Rs 75,000 or more.