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Currently, banks and payment service providers like Paytm do not earn MDR on UPI payments, as the government has waived such charges to promote digital payments. However, recent online reports claimed that MDR might be reintroduced for high-value UPI transactions, sparking speculation in the market.
In a strongly worded statement, the Finance Ministry called these claims 'baseless and sensational,' adding that such misinformation creates unnecessary uncertainty and fear among citizens.
Back in March, the Payments Council of India, representing digital payment firms, had written to Prime Minister Narendra Modi, urging the government to consider reintroducing MDR, suggesting a 0.3% charge on large UPI transactions and a nominal MDR on RuPay debit card transactions.
UPI processed 18.68 billion transactions in May. In value terms, UPI transactions totalled Rs 25.14 lakh crore in May, up from Rs 23.95 lakh crore in April. The May figures also mark a 33^ year-on-year jump in transaction volume, compared to 14.03 billion transactions recorded in the same month last year. The average daily transaction amount for May stood at Rs 81,106 crore, while the average daily transaction volume was 602 million. The success of UPI placed India in a leadership position with a share of 48.5% in global real-time payments by volume.
Paytm is India's leading mobile payments and financial services distribution company. The fintech company reported a consolidated loss of Rs 539.80 crore for Q4 March 2025, lower than net loss of Rs 549.60 crore in the same quarter last year. Revenue from operations fell by 15.7% to Rs 1,911.50 crore in the quarter, down from Rs 2,267.10 crore in the March 2024 quarter.
One 97 Communications Ltd, RattanIndia Power Ltd, RattanIndia Enterprises Ltd and Texmaco Rail & Engineering Ltd are among the other losers in the BSE's 'A' group today, 12 June 2025.
C.E. Info Systems Ltd tumbled 8.26% to Rs 1790.85 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 32.32 lakh shares were traded on the counter so far as against the average daily volumes of 4174 shares in the past one month.
One 97 Communications Ltd lost 6.80% to Rs 894.95. The stock was the second biggest loser in 'A' group.On the BSE, 9.03 lakh shares were traded on the counter so far as against the average daily volumes of 4.47 lakh shares in the past one month.
RattanIndia Power Ltd crashed 6.36% to Rs 14.28. The stock was the third biggest loser in 'A' group.On the BSE, 343.73 lakh shares were traded on the counter so far as against the average daily volumes of 96.64 lakh shares in the past one month.
RattanIndia Enterprises Ltd corrected 5.61% to Rs 61.9. The stock was the fourth biggest loser in 'A' group.On the BSE, 47.62 lakh shares were traded on the counter so far as against the average daily volumes of 19.62 lakh shares in the past one month.
Texmaco Rail & Engineering Ltd plummeted 5.54% to Rs 168.95. The stock was the fifth biggest loser in 'A' group.On the BSE, 1.71 lakh shares were traded on the counter so far as against the average daily volumes of 3.5 lakh shares in the past one month.