Digital Payment platform Paytm’s shares are seeing a terrible decline today. On Thursday, Paytm’s shares were trading 10 per cent declined at an intrade by Rs 864.40 in early trade. Investors started selling in Paytm shares after the speculation of the Merchant Discount Rate (MDR) was rejected by the Ministry of Finance, Government of India. At one time, the selling pressure in Paytm’s shares increased so much that its price fell to Rs 864.40. Let us tell you that in the last few months, Paytm shares were in a lot of discussions.
Government told MDR speculation that false, baseless and misleading
In fact, there was speculation that the government could consider restoring a merchant discount rate on UPI transactions, so that the UPI transaction would have to be paid separately. However, the Finance Ministry on Wednesday dismissed speculation related to MDR as false, baseless and misleading. The Finance Ministry said in a tweet that the government is fully committed to promoting digital payments through UPI and no MDR will be taken on UPI payment.
What will happen if MDR is implemented
Let us tell you that there were reports about MDR that MDR can be implemented on UPI transactions of more than Rs 3000. Due to the implementation of MDR, a separate charge has to be paid on UPI transactions. But the government has clearly refused to implement the MDR. Let us tell you that since 2020, Zero MDR has been running on UPI transactions. Let us tell you that you can do a maximum transaction of Rs 1 lakh in a day from UPI. In some cases, this limit of UPI can also be high. In cases like Capital Market, Insurance, this limit is Rs 2 lakh. Whereas this limit for tax payment, educational fees, hospitals is Rs 5 lakh.
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