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Will MDR on UPI be postponed to January 1? Paytm, One Mobikwik, shares rebound amid uncertainty

Shares of Paytm, One Mobikwik Systems and other fintech firms rebounded on Friday, a day after they ended lower amid reports that a proposal to defer the rollout of merchant discount rate (MDR) on UPI to January 1, from October 15, is under consideration.Shares of One 97 Communications, which owns the Paytm brand, opened in the red at Rs 1,639.80 against the previous close of Rs 1,640 but rebounded to touch an intraday high of Rs 1,682, a gain of Rs 42 or 2.56 per cent. Last seen, the stock was trading at Rs 1650.20 with a gain of Rs 10.20 or 0.62 per cent and the market cap of the company was Rs 1,06,050.51 crore.