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via economictimes.indiatimes.comMarkets

UPI MDR rollout deferred to January 1; fintech shares fall on cost concerns

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

A proposal to postpone the rollout of merchant discount rates is currently being considered by authorities. The implementation is now likely to occur on January 1 rather than October 15. Payment aggregators experienced declines in share prices as concerns about transaction costs…

Read at the source ↗
MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishDeferral of UPI MDR from October 15 to January 1 hits payment aggregator share prices amid cost concerns.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01UPI MDR implementation deferred from October 15 to January 1.
  2. 02Payment aggregators experienced share price declines.
  3. 03Retailers protested initial plans with 'No UPI Day' earlier this month.

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