Digital Payments

Paytm Shares Tumble 10% After Finance Ministry Rejects UPI MDR Reintroduction

Paytm shares plunged 10% after the Finance Ministry dismissed speculation about reintroducing MDR on UPI transactions. Hopes for a new revenue stream were dashed, highlighting fintech's sensitivity to policy. Despite the setback, UPI continues its record growth, with the government committed to free services amidst sustainability questions.

Financial Services Secretary: Fintechs Must Innovate While Ensuring Compliance with Regulations