Paytm shares jumped more than 7% after a new 0.4% merchant discount rate was announced for UPI merchant payments above ₹2,000. The charge, effective October 15, excludes person-to-person transfers and does not directly affect consumers. Investors viewed the move as potentially improving payment firms’ revenue prospects, lifting Paytm’s stock sharply.
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Paytm Shares Jump 7% After New UPI Fee Move
