Paytm Shares Drop After Government Denies UPI Transaction Fees

Reported 1 day ago

Shares of India's digital payment firm Paytm dropped nearly 10% following the finance ministry's declaration that reports about potential fees on UPI transactions were false. The decline is attributed to negative market sentiment surrounding the firm's future profitability, with analysts suggesting a significant impact on its adjusted core profits in upcoming fiscal years.

Source: YAHOO

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