• UPI MDR structure: Consumers and small merchants with monthly sales under ₹1 lakh will face zero charges, transactions under ₹2,000 remain free, and essential services or fuel incur a flat ₹5 fee. A 0.4% charge will apply primarily to larger merchant transactions above ₹2,000, aligning with existing fees on card networks.
• Incremental UPI revenue: The 0.4% MDR pool shared among banks and payment firms is projected to contribute ₹120 crore to ₹150 crore in additional revenue for MobiKwik next year.
• Revenue growth outlook: MobiKwik expects overall revenue to grow by 25% to 30% in FY28, reaching approximately ₹1,600 crore to ₹1,700 crore.
• PAT growth targets: Following an expected PAT of ₹40 crore in the current financial year, PAT is guided to exceed ₹100 crore next year, reflecting an estimated 150% growth aided by UPI monetization.