Paytm shares drop 4% after NPCI extends deadline for UPI market share cap until 2026

Paytm shares fell by nearly 4 per cent to ₹976.5 on the BSE on Wednesday’s trading session after the National Payments Corporation of India (NPCI) extended the deadline for UPI providers to comply with its 30 per cent market share cap by an additional two years, now set for December 31, 2026.

“Considering various factors, we, hereby, extend the timeline for compliance of existing third-party application providers (TPAPs) by another two years,” NPCI said in its statement on December 31, 2024.