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