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Why did Paytm shares tank 10% today?
short by Pragya Swastik / on 12 Jun 2025,Thursday
Paytm parent One97 Communications' shares tanked as much as 10% on Thursday after the Finance Ministry clarified that there are no plans to reintroduce a merchant discount rate (MDR) on UPI transactions. Banks or payment services providers like Paytm charge MDR from merchants for processing payments in real-time. The government waived MDR charges on UPI transactions to promote digital payments.
short by Pragya Swastik / 10:32 am on 12 Jun
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