India's payment firms jump as UPI fee boosts revenue outlook

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FILE PHOTO: A QR code of Paytm is seen at a mobile repairing shop in Kolkata, India, November 9, 2021. REUTERS/Rupak De Chowdhuri/File Photo
FILE PHOTO: A man scans a QR code to pay after purchasing an electronic item at a wholesale market in New Delhi, India, January 31, 2025. REUTERS/Sahiba Chawdhary/File Photo
FILE PHOTO: QR codes of digital payment firms PhonePe and Paytm are seen on the counter of a grocery store in Ahmedabad, India, February 5, 2024. REUTERS/Amit Dave/File Photo

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Sept 16 : Shares of Paytm, One Mobikwik, Yes Bank advanced on Wednesday after India's payments authority introduced a 0.4 per cent fee on select person-to-merchant transactions above 2,000 rupees (about $20) from October 15.

Paytm, One Mobikwik, Yes Bank and Axis Bank gained between 2 per cent-8 per cent in early trade on Wednesday, while Axis Bank gained about 0.8 per cent. Pine Labs, which rose about 2.2 per cent, reversed gains to trade 3.2 per cent lower.

Source: Reuters

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