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…