Will UPI MDR be a new revenue engine for fintech firms?

The ecosystem is bullish on valuations of fintech firms following the government’s introduction of the merchant discount rate (MDR) on UPI transactions above Rs 2000. The positive strides began with Paytm’s stock price moving up 7% on Wednesday. Investors and people aware of the sector say valuations may witness an upward trend for the next few quarters, adding that the exact effect can be detemined only thereafter.