Paytm Shares Slump 10% After Govt Dismisses MDR Speculation

The finance ministry’s clarification comes after it was reported yesterday that the Centre is mulling levying MDR on UPI transactions above INR 3,000

Paytm approved ESOP grants totaling 23.7 Lakh under its 2019 plan for eligible employees and noted the lapse of 3.4 Lakh stock options Yesterday

UBS estimates that even a 1 basis point contribution from MDR or an increase in government incentives could significantly support Paytm’s net payment margins

Shares of Paytm parent One97 Communications tumbled as much as…