India's payment firms jump as UPI fee boosts revenue outlook
16/09/2026 05:13
India's payment firms jump as UPI fee boosts revenue outlook Sept 16 (Reuters) - Shares of Paytm PAYT.NS, One Mobikwik ONEM.NS, Yes Bank YESB.NS advanced on Wednesday after India's payments authority introduced a 0.4% fee on select person-to-merchant transactions above 2,000 rupees (about $20) from October 15.
Paytm, One Mobikwik, Yes Bank and Axis Bank gained between 2%-8% in early trade on Wednesday, while Axis Bank gained about 0.8%. Pine Labs PINL.NS, which rose about 2.2%, reversed gains to trade 3.2% lower.
(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Harikrishnan Nair)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
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