# UPI-MDR an additional earnings opportunity, not Paytm's business model foundation: Brokerages

- Source: Economic Times
- Published: 2026-10-27T11:38:17+00:00
- Category: Business
- Original: https://economictimes.indiatimes.com/markets/stocks/news/upi-mdr-an-additional-earnings-opportunity-not-paytms-business-model-foundation-brokerages/articleshow/135232857.cms
- Canonical: https://groundlevelnews.com/story/upi-mdr-an-additional-earnings-opportunity-not-paytm-s-business-model--fa65bb/

Paytm has reported a substantial increase in revenue, demonstrating the success of its existing business model. The company's EBITDA has improved due to efficient cost control and a strong merchant franchise. Financial services have significantly contributed to revenue growth, highlighting the diversity of its business operations. Global brokerages support the view that UPI-MDR will enhance, rathe

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