🚀 UPI Boost Sparks Sharp Rebound in Paytm & Mobikwik 🚀

Digital payment stocks saw a strong intraday turnaround after the Union Budget 2026 announced a ₹2,000 crore incentive for UPI and RuPay debit card transactions, aimed at strengthening India’s digital payments ecosystem. On 1 February 2026,

(One97 Communications) staged a sharp recovery after 12:30 PM, bouncing as much as 21.5% from the day’s low by 1:45 PM. At the same time, sentiment improved across the fintech space. By 1:45 PM, One97 Communications was trading 1.6% higher, while One Mobikwik surged 3.3%, reflecting renewed optimism over revenue support and sustainability of zero-MDR payment models. 📈 Market takeaway: The UPI subsidy announcement provided immediate relief to fintech stocks, reinforcing confidence in government-backed growth for India’s digital payments sector. 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions.