Paytm shares crash 10% as Finance Ministry dismisses MDR speculation

Paytm shares plummeted by 10% following the Finance Ministry's denial of impending MDR charges on UPI payments, a fee banks charge merchants. This clarification countered reports suggesting MDR imposition on large UPI transactions. The Payments Council of India had previously requested MDR reintroduction. UPI continues its dominance, processing 18.68 billion transactions in May, totaling ₹25.