Indian Fintech Stocks Rally After NPCI Delays UPI Transaction Fees

India's National Payments Corporation (NPCI) has postponed the implementation of the Merchant Discount Rate (MDR) on Unified Payments Interface (UPI) transactions. This decision led to a market rebound for fintech firms such as Paytm, Mobikwik, and Pine Labs, as the deferral directly affects their revenue streams from UPI services.