Paytm Shares Slump 10% After Govt Dismisses MDR Speculation

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SUMMARY

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…



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Paytm Shares Slump 10% After Govt Dismisses MDR Speculation


SUMMARY

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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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