Paytm's stock price plummeted by 10% following the finance ministry's denial of plans to introduce Merchant Discount Rate (MDR) on UPI transactions, contradicting earlier media reports. The clarification triggered investor concerns, leading to Paytm's steepest single-day drop since February 2024. Payments Council of India had previously advocated for MDR to sustain digital payments infrastructure.
from Times of India https://ift.tt/QUh8ZMa
