Paytm drops 4% after approval of incentive for low-value UPI transactions

Shares of One97 Communications, the parent company of Paytm, dropped over 5 per cent to hit their intraday low of ₹718.20 per share on Thursday after the cabinet’s approval of a ₹1,500 crore incentive scheme to promote low-value UPI transactions.

Under the ‘Incentive Scheme for Promotion of Low-Value BHIM-UPI Transactions (P2M)’, UPI transactions valued at less than ₹2,000 and made to small merchants, the acquiring and other involved stakeholders will be eligible for an incentive at the rate of 0.15 per cent per transaction value for FY25.