Govt moves to allow MDR; Qcomm festive rush
Next Govt moves to allow MDR; Qcomm braces for festive rush Want this newsletter delivered to your inbox? Also in the letter Payment bill rekindles
Next Govt moves to allow MDR; Qcomm braces for festive rush Want this newsletter delivered to your inbox? Also in the letter Payment bill rekindles MDR hopes for large-value UPI Amendment details Why it matters UPI firms have struggled to build a profitable payments business despite processing record transaction volumes, as MDR on UPI has remained zero since January 2020. Brokerage Bernstein estimates MDR is likely to be limited to large merchants and transactions above Rs 2,000, with a fee of 30-40 bps, creating a meaningful revenue pool for payment companies while minimizing disruption to overall payment volumes.
Also Read: Also Read UPI fees explained: Why the government plans to revive MDR and who will pay Quick commerce braces for Rakshabandhan rush as capacity strains emerge Festive rush Preparations underway Sellers feel the squeeze Also Read Premium takes priority in ecommerce carts this festive season Ather Energy nearly doubles revenues, cuts losses by 71% Financials Revenue: Up 89% year-on-year (YoY) to Rs 1,217 crore. Net loss: Narrowed to Rs 51.1 crore from Rs 178.2 crore in the year-ago period.
Total expenses: Grew to Rs 1,310.7 crore, compared with Rs 851.1 crore a year earlier. Tell me more Quote, unquote Also Read Ather Energy raises Rs 1,200 crore from India-Japan Fund, Hero Motocorp, founders, launches Rs 1,500-crore QIP Mobikwik swings to Rs 7.6 crore net profit in Q1 By the numbers Revenue: Up 3.7% YoY to Rs 281.5 crore from Rs 271.4 crore in Q1 FY26. Net profit: Rs 7.6 crore, compared with a loss of Rs 41.9 crore in the year-ago period.
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