India's payment firms jump as UPI fee boosts revenue outlook

Shares of Paytm, One MobiKwik and Yes Bank rose after India’s payments authority introduced a 0.4% fee on select person-to-merchant transactions exceeding 2,000 rupees (about $20), effective October 15. The fee could create incremental transaction-related revenue for payment platforms and participating banks, though its ultimate financial benefit will depend on transaction volumes and fee allocation.