UPI MDR to uplift payments processing margin: Paytm

“Based on the proposed cap of 0.4% MDR on select payments (non-industry merchants) for payments above Rs 2,000, and based on our current Gross Merchandise Value mix, we expect an indicative uplift of approximately 2.5 basis points in overall Payments Processing Margin,” Paytm said in its Q2 FY27 earnings release . The fintech firm said its payments processing margin is already sitting comfortably above 4 basis points, helped by growth in MDR-bearing instruments such as UPI credit cards and Paytm