• About us
  • Privacy Policy
  • Disclaimer
  • Contact
Saturday, July 26, 2025
Pragativadi I Latest Odisha News in English I Breaking News
  • Epaper
  • Odisha
  • Twin City
  • National
  • World
  • Sports
  • Politics
  • Entertainment
  • Business
  • Tech
  • Lifestyle
No Result
View All Result
  • Epaper
  • Odisha
  • Twin City
  • National
  • World
  • Sports
  • Politics
  • Entertainment
  • Business
  • Tech
  • Lifestyle
No Result
View All Result
Pragativadi I Latest Odisha News in English I Breaking News
No Result
View All Result

Home » Paytm Shares Drop 10% as Govt Debunks MDR Speculation

Paytm Shares Drop 10% as Govt Debunks MDR Speculation

Itishree Sethy by Itishree Sethy
June 12, 2025
in Business
Reading Time: 1 min read
0 0
0
Paytm
0
SHARES
46
VIEWS

Shares of Paytm’s parent company, One 97 Communications, fell sharply on Thursday, dipping nearly 10% in early trade after the Finance Ministry dismissed rumours suggesting the reintroduction of merchant discount rate (MDR) charges on UPI transactions.


At 10:19 AM, Paytm’s stock was trading 5.27% lower at Rs 909.85 on the Bombay Stock Exchange (BSE), with intra-day lows hitting Rs 864.20 amid market uncertainty.

MDR, a fee paid by merchants for payment processing, was previously eliminated to promote cashless transactions. Recent online speculation hinted at a potential MDR charge for high-value UPI payments, leading to widespread concern.

However, in a strongly worded statement, the Finance Ministry rejected the claims, calling them misleading and causing unnecessary fear among users. The government clarified that there are no plans to impose such a fee.

Despite the volatility in Paytm’s stock, UPI transactions continue to grow. In May alone, India processed 18.68 billion transactions worth Rs 25.14 lakh crore, reinforcing the country’s dominance in global real-time payments.

Paytm, competing with PhonePe and Google Pay, remains a key player in India’s fintech space. While the Payments Council of India had earlier proposed a nominal MDR for large merchants, the government’s recent statement reinforces its stance on maintaining free UPI services.

Investors will now watch for further clarifications from regulatory bodies to assess future policy directions in the digital payments landscape.

Tags: digital paymentsEconomic PolicyFinance Ministryfintechinvestor confidenceMarket VolatilityMDR rumorsPaytmStock marketUPI transactions
Previous Post

Water Tank Bursts on ‘The India House’ Set, Crew Members Injured

Next Post

Attack on Rabindranath Tagore’s Residence in Bangladesh Sparks BJP Criticism of Yunus Govt

Itishree Sethy

Itishree Sethy

Related Posts

Odisha Tex 2025
Business

Odisha CM Unveils 6 New Textile Parks, Announces Increased Weaver Allowances

July 25, 2025
Odisha investment approvals July 2025
Business

Odisha Approves Rs 4,982.66 Cr Investments to Create 11.9K+ Jobs

July 24, 2025
Odisha Tex 2025 Summit
Business

Odisha Tex 2025 Summit to Transform State into Textile Hub

July 24, 2025
Next Post
Attack on Rabindranath Tagore's Residence

Attack on Rabindranath Tagore's Residence in Bangladesh Sparks BJP Criticism of Yunus Govt

Women’s Reservation Lok Sabha Elections

Centre Mulls 33% Women's Reservation in Lok Sabha Elections 2029

Ravenshaw University ragging case

Odisha UG Admissions 2025: First Cut-offs Released, Ravenshaw University Leads

Follow Us

Recommended

Odisha

Odisha Holds First High-Power Committee Meeting on SCDF & UIDF FY 2024-25

4 months ago
Puri Police

Puri Police Bust Notorious Burglary Gang; 4 Held, Stolen Jewellery Recovered

5 months ago
Odisha Van Mahotsav 2025

Odisha Observes 76th Van Mahotsav with CM’s Vision for a Greener, Self-Reliant State

3 weeks ago
fake mobile oil factory bust

Fake Mobile Manufacturing Unit Busted in Sundargarh, 2 Held

4 months ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Highlights

Maoist Materials Seized During Joint Operation in Nuapada’s Katafar-Chhatapani Area

Puri Minor Girl Records Statement at AIIMS Delhi; Crime Branch Intensifies Probe

Odisha Approves Rs 870 Cr Solar and Wind Projects, Adds 178 MW to Green Energy

Two Class 10 Girls Found Pregnant in Kandhamal; Police Register Cases, One Suspect Detained

Two Retired Officials Convicted in Corruption Case; Odisha Vigilance to Seek Pension Stoppage

SCB Experts Deliver Advanced Healthcare to 944 in Nuapada

Trending

India vs England
Sports

India Vs England 4th Test Day 3: Hosts Dominate Again, Lead By 186 Runs

by Ananya Pattnaik
July 26, 2025
0

England dominated Day 3 of the 4th Test at Old Trafford, reaching 544/7 at Stumps, extending their...

Pre-Election Violence Erupts at Samanta Chandra Sekhar College

Pre-Election Violence Erupts at Samanta Chandra Sekhar College

July 25, 2025
NIT Rourkela

NIT Rourkela Signs Landmark MoU with Rourkela Police to Drive Tech-Enabled Policing in Odisha

July 25, 2025
Maoists

Maoist Materials Seized During Joint Operation in Nuapada’s Katafar-Chhatapani Area

July 25, 2025
Puri Minor Girl Records Statement at AIIMS Delhi; Crime Branch Intensifies Probe

Puri Minor Girl Records Statement at AIIMS Delhi; Crime Branch Intensifies Probe

July 25, 2025
Facebook Twitter Youtube RSS

ABOUT US

News, as it should be covered, has been the forte of Pragativadi over the years. And this has ensured a classy readership encompassing the who’s who of the state. The people who matter in Odisha, depend on Pragativadi. For opinion leaders, decision makers and people with surplus disposable income Pragativadi is a must.

Follow us on social media:

Blog

The Chinese smartphone upstarts taking on Apple and Samsung

by pragativadinewsservice
January 11, 2025
0

Presidential Train Now Available For Jakartans Traveling To Bandung

by pragativadinewsservice
January 10, 2025
0

News Calendar

July 2025
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031  
« Jun    

© 2025 Pragativadi

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Epaper
  • Odisha
  • Twin City
  • Sports
  • Politics
  • Entertainment
  • National
  • World
  • Business
  • Tech
  • Lifestyle
  • Travel

© 2025 Pragativadi