Paytm slips 5% amid reports of deferred UPI merchant fees
India, Oct. 9 -- Shares of Paytm, One Mobikwik Systems and other fintech firms ended lower on Thursday amid reports that a proposal to defer the rollout of merchant discount rate (MDR) on UPI to January 1, from October 15, is under consideration.
One 97 Communications, which owns the Paytm brand, tanked 10 per cent to Rs 1,560.60 during the day on the BSE. It finally ended at Rs 1,640, down 5.42 per cent.
One Mobikwik Systems shares dropped 8.43 per cent to Rs 234.40 in intraday deals. The stock later ended 4.57 per cent lower at Rs 244.30.
Pine Labs declined 4.95 per cent to Rs 168.75 during the day before ending at Rs 169.75, down 4.39 per cent. Network People Services Technologies dropped by 3.39 per cent to close at Rs 1,791.30. La...
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