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Shares of One 97 Communications, which runs the payments platform Paytm, on Thursday fell up to 10% to the day’s low at Rs
864.20 on BSE after the Finance Ministry dismissed reports about the possible introduction of a merchant discount rate (MDR) for UPI payments.
Banks or payment services providers like Paytm earn a fee, which is called MDR, from merchants for processing payments in real time. To promote digital payments, the government has waived MDR charges on UPI transactions.But several reports circulated online claiming that the government was…
864.20 on BSE after the Finance Ministry dismissed reports about the possible introduction of a merchant discount rate (MDR) for UPI payments.
Banks or payment services providers like Paytm earn a fee, which is called MDR, from merchants for processing payments in real time. To promote digital payments, the government has waived MDR charges on UPI transactions.But several reports circulated online claiming that the government was…
