Indian digital payment stocks climb after government boosts UPI incentives

One Mobikwik Systems

01/02/2026 08:29

** Shares of Indian digital payment firms Paytm PAYT.NS and Mobikwik ONEM.NS rise as much as 9.4% and 8.6%, respectively

** India announces revision to increase the incentives for its real-time payments system Unified Payments Interface (UPI) for FY26 to 21.96 billion rupees ($239.55 million) from 4.37 billion rupees

** The increased allocation is expected to provide enhanced incentives for UPI transactions

($1 = 91.6710 Indian rupees)

 (Reporting by Urvi Dugar in Bengaluru)

 ((UrviManoj.Dugar@thomsonreuters.com))