Paytm Shares Drop 10% Amid UPI Fee Denial

  Published 1 year ago

Paytm shares fell 10% after India's finance ministry denied UPI fees, sparking profit concerns.

  • Merchants pay banks for transactions; UPI remains fee-free, per the ministry.
  • UBS warns that delayed fees could slash Paytm's adjusted core profits over 10% by 2027.
  • Nifty 50 down 0.2% as Paytm's drop impacts broader market sentiment.

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