Paytm minimizes NPCI fee cut impact as merchant revenue remains unaffected.

Paytm minimizes NPCI fee cut impact as merchant revenue remains unaffected. The National Payments Corporation of India reduced TPAP and Payer PSP fees on RuPay UPI credit card transactions effective April 1, 2026, but Paytm clarified the changes only impact consumer app revenue, not merchant earnings. Since the majority of Paytm's payment revenue comes from merchant transactions with margins above four basis points, the company expects minimal financial impact. The fintech platform continues focusing on higher-margin products including Paytm Postpaid, EMI, and RuPay credit cards to drive monetization. This strategic positioning comes as Paytm demonstrates strong financial momentum, posting Rs 225 crore net profit in Q3 FY26 with 20 percent operating revenue growth to Rs 2,194 crore.