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Paytm wins, but ATM also wins! Why CMS Info Systems shares jumped 7% on UPI MDR

CMS Info Systems shares rose on Wednesday after the government announced MDR on select UPI transactions above Rs 2,000, ...

Paytm wins, but ATM also wins! Why CMS Info Systems shares jumped 7% on UPI MDR
Source: Economic Times - Mutual Funds

CMS Info Systems shares rose on Wednesday after the government announced MDR on select UPI transactions above Rs 2,000, making the company a potential direct beneficiary. From October 15, merchants will pay 0.4% MDR on eligible P2M UPI transactions, capped at Rs 300 for payments of Rs 75,000 or more.

SOURCE: Economic Times - Mutual Funds
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DHALLO EDITORIAL STATUS: Aggregated & reviewed
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