Economic TimesLean R·
Paytm wins, but ATM also wins! Why CMS Info Systems shares jumped 7% on UPI MDR
Shares of CMS Info Systems gained as much as 7% to their day’s high of Rs 239 on the BSE on Wednesday after becoming a potential direct beneficiary of the government’s decision to announce the first-ever Merchant Discount Rate (MDR) on select UPI transactions above Rs 2,000.The government will introduce MDR on some Person-to-Merchant (P2M) UPI transactions from October 15 onwards, with merchants paying 0.4% on transactions above Rs 2,000, the National Payments Corporation of India (NPCI) announ…
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