Addressing the impact on listed entities, Ranadurjay Talukdar, Partner and Payments Sector Leader at EY India, said the selective sunsetting of P2P Collect is not expected to materially hurt companies such as Paytm, Pine Labs and MobiKwik. He said P2P Collect has not been a major revenue driver and that these businesses earn mainly from merchant payments, value-added services, subscriptions, lending and POS solutions, which remain unaffected.
Talukdar noted that formal merchants are unlikely to face disruption because QR payments and merchant Collect options continue, though smaller merchants who rely on P2P Collect may face short-term adjustments before shifting to QR and push payments.
Vinit Bolinjkar, Head of Research at Ventura Securities echoes the same sentiment.
“Actually, we don’t see too much impact on the transactions. You know, there are a lot of initiatives taken by the merchants to ensure that. We do not see too much impact of all this happening. And we think that the growth story will continue from here,” he said.
