Paytm, Mobikwik, Pine Labs shares crash up to 10%. What’s behind the sharp plunge?

Paytm, Mobikwik, Pine Labs shares crash up to 10%. What’s behind the sharp plunge?

Paytm, Mobikwik and Pine Labs shares fall sharply as reports of a possible delay in UPI MDR implementation raise concerns over the fintech companies expected benefits from the new fee structure.

No MDR on UPI above ₹2,000? Here’s why Paytm shares are tumbling

Paytm Shares Fall: Worst Day Since February Amid UPI Fee Delay

Shares of India’s listed payments companies sold off sharply on Thursday. Paytm, One MobiKwik, Pine Labs and AvenuesAI fell up to 10% in morning trade on reports that a long-awaited fee on UPI transactions may be pushed back. How Much Did the Stocks Fall? Paytm (One 97 Communications): Fell as much as 10% to ₹1,560.60 [...]