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Jun 12, 2025
Paytm shares dip following UPI transaction clarification
Paytm's parent company, One97 Communications, saw its shares fall by 7.4% to ₹889.45 after rumors spread about new fees (Merchant Discount Rate, or MDR) on UPI payments. The government quickly stepped in, calling these reports "false, baseless and misleading" to reassure everyone that no such charges are coming.
TL;DR
UPI now powers 80% of retail transactions in India
Meanwhile, the Payments Council of India—which represents loads of payment companies—says the current zero-fee rule for UPI and RuPay cards isn't sustainable. They argue that the government's financial support doesn't cover actual costs and suggest bringing in a small fee for big merchants to keep digital payments running smoothly. UPI now powers 80% of retail transactions in India—a massive number!