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Paytm parent One97 Communications falls after UPI MDR fee delay reports

The stock dropped about 5% to around ₹1,644, after Reuters reported India may push back the MDR fee rollout on large UPI payments by a few months.

Reported · Written up by our desk · Trade & Tariffs

Paytm parent One97 Communications faced a sharp sell-off during Thursday trading after Reuters reported India is considering delaying the rollout of a fee on large payments via its Unified Payments Interface by a few months. LiveMint Markets said the move pushed market sentiment lower for the stock even though there was no official announcement.

Shares of One97 Communications opened at ₹1,671 on the NSE and quickly slid to an intraday low of ₹1,558.8 near the start of trading, before later trimming losses.

By the time of the report, the stock was down 5% at about ₹1,644, according to LiveMint Markets, citing stock market experts who linked the decline to the headline risk rather than any confirmed policy change.

The experts noted there is no final government decision yet and advised shareholders to wait for the government announcement before reacting further.

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