Paytm sees 2.5 bps margin uplift from UPI MDR

Paytm expects the proposed 0.4% MDR on person-to-merchant UPI payments above Rs 2,000 to lift its payments processing margin by about 2.5 basis points. For the quarter ended September 30, 2026, net profit jumped more than 10-fold to Rs 225 crore and revenue rose 28% to Rs 2,648 crore.

• MDR of 0.4% on UPI payments above Rs 2,000, capped at Rs 300 above Rs 75,000
• Q2 FY27 net profit reached Rs 225 crore versus Rs 21 crore a year earlier
• Revenue up 28% to Rs 2,648 crore; merchant GMV up 26% to Rs 7.1 lakh crore
• Board approved Rs 500 crore each for Paytm Cloud Technologies and Singapore unit