Paytm Shares Rise Over 3% — What'S Driving The Stock And What …

As of now, 8.75 lakh shares (0.13 percent equity) worth Rs 56.78 crore changed hands at an average of Rs 648.45 per share. Know what’s going more on Paytm

Shares of One97 Communications, which operates online payments and financial services platform Paytm, surged nearly 3.5 percent intraday on Friday.  On BSE, the shares rose as much as 3.52 percent to an intraday high of Rs 651.90 apiece, and it advanced to Rs 652 apiece intraday, up 3.59 percent on the National Stock Exchange (NSE).

At 12:56 pm,One97 Communications shares traded 2.62 percent higher at Rs 646.20 apiece on the BSE. The benchmark Sensex index was 1.42 percent up at that time.

As of now, 8.75 lakh shares (0.13 percent equity) worth Rs 56.78 crore changed hands at an average of Rs 648.45 per share.

This comes at a time when clarifications regarding United Payment Interface (UPI) new guidelines is going on. National Payments Corporation of India (NPCI) recently said that any UPI transaction of more than Rs 2,000 via prepaid payment instruments (PPI) like online wallets or pre-loaded gift cards, etc., will carry an interchange fee of up to 1.1 percent from April 1, 2023.Following this, Paytm announced that its full KYC wallet customers will be able to make payments on every UPI QR code and online merchant where UPI payments are accepted. The firm said that it will earn 1.1 percent interchange revenue when Paytm wallet customers (i.e., the KYC wallets issued by Paytm Payments Bank) make payments on merchants acquired by other payment aggregators or banks.

The bank will pay 15 basis points (bps) of charges for adding more than Rs 2,000 using UPI, and in turn, will also earn 15 bps when any other wallets use the bank to add more than Rs 2,000 using UPI. It has been said that the interchange fees will not be applicable to consumers for UPI payments from a bank account or from wallets (or from RuPay credit cards).

Merchants will also pay nothing unless they agree to accept and ok to pay any charge levied by QR company. It is rather for the QR company to decide how they pay this interchange to the issuer. To understand, PPIs are available as a choice to merchants who want to accept them.

Pricing of the same is by QR provider and only if a merchant accepts, it will be enabled.

In its latest note, Morgan Stanley, which has a target of Rs 695 on Paytm, has said it sees additional revenues for Paytm Payments Bank when Paytm’s full KYC wallet customers transact using their wallets on merchants acquired by other service providers.

“If well adopted by Paytm wallet users/merchants, the benefit could be meaningful as Paytm Payments Bank is the largest issuer of KYC wallets with over 100 million users,” it said.

(Edited by : C H Unnikrishnan)

First Published: Mar 31, 2023 1:47 PM IST

Tags:

allergy-best-buys listed on couponmatrix.ukfrugi listed on couponmatrix.ukgarden-wildlife-direct listed on couponmatrix.ukkiko listed on couponmatrix.ukpedalsure listed on couponmatrix.ukphones-co-uk listed on couponmatrix.uk
allergy-best-buys listed on couponmatrix.ukIf you're looking for a great deal on allergy-related products, then you'll want to check out Allergy Best Buys. They offer a wide selection of items to help you manage your allergies, from anti-allergy bedding to eczema clothing, you’ll find everything you need to keep your allergy-free. You’ll find frequent Allergy Best Buys discount codes to help you save. So what are you waiting for? Check our page for the latest discount codes and shop at Allergy Best Buys today! At Groupon, we understand that managing allergies can be a costly endeavour. That's why we work hard to find the best discount codes for Allergy Best Buys. With our codes, you can save on a wide range of products, from bedding to clothing. So whether you're looking for a new allergy medication or want to try out a new eczema control products, be sure to check our page for the latest Allergy Best Buys discount code. Whether you suffer from eczema, hay fever or have a susceptibility to pollen, pets or mould, you could give your body a daily dose of freshness by setting up an air purifier in your home. With models to suit all spaces including the home, the car and on the go, you can use an Allergy Best Buys voucher code to save on whichever purifier suits your lifestyle best. It’s amazing the difference a bit of fresh air can make, so give it a go and see how much better you feel with an Allergy Best Buys purifier.
frugi listed on couponmatrix.ukBabies can be clothed completely naturally, with a little help from Mother Nature and Frugi. Kit your little ones out for less with a Frugi discount code. If you’ve got a little one on the way, and want to shop organic, you can save money with Frugi coupon codes. Groupon is teaming up with the retailer to deliver bundles of joy in the form of Frugi discount codes.
garden-wildlife-direct listed on couponmatrix.ukGarden Wildlife Direct is a family run business and the UK’s largest online independent bird food supplier. They are passionate about supporting nature and guarantee to offer the very best quality bird food at the best prices, all delivered direct to your door. With a passion for maintaining garden wildlife, Garden Wildlife Direct are dedicated to making caring for your garden wildlife both affordable and easy. Why not try them out for yourself and use a garden wildlife direct discount code to save money on your purchases?
kiko listed on couponmatrix.ukSince their inception in 1997, Italian beauty brand KIKO Milano has been winning over the hearts of beauty addicts worldwide thanks to their huge range of cutting-edge makeup, face and body treatments. Use your KIKO promo code to find products which will allow you to “Be Who You Want To Be” and enjoy custom-made products for unbelievable prices to ensure you’re always able to look and feel your best with makeup and beauty products specifically tailored to your style, skin tone and type.
pedalsure listed on couponmatrix.ukKeep your two wheels protected with Pedalsure, the bike insurance company that excels in comprehensive cover. Whether you’re worried about theft, damage or injury, rest assured a Pedalsure discount code will protect you from all these and more at a reasonable price. With competitive quotes offered in accordance with both the value of your bike and your age, Pedalsure provides quotes for every kind of customer – be them a regular commuter or fans of a country bike hike. At Groupon, we believe that being able to save money should be easy and accessible to everyone. That's why we're always on the lookout for Pedalsure discount codes so you can get the best possible deal on their products and services. We know that bike insurance can be expensive, so we want to help you stretch your hard-earned money as far as possible. Whether you're looking for comprehensive cover or just a few extra dollars off your premium, we'll do our best to find a Pedalsure discount code that meets your needs. Those who consider their bike a third arm will want to ensure its protected from any worst-case scenario, wherever you travel. That’s why Pedalsure bike insurance is such a great choice for regular cyclists, as their policies protect your bike both at and away from home. Make the most of the latest Pedalsure discount and can enjoy monthly payments for a fraction of the price. With the ability to cover up to five bikes in a single policy, you can protect every two-wheeler in the family with Pedalsure.
phones-co-uk listed on couponmatrix.ukphones.co.uk is part of A1 Comms, a mobile communications retailer founded in 1997. The business started out with 14 high street mobile phone stores in Derbyshire. Customers with a phones.co.uk discount code can find all the top brands, with products from Apple iPhones to Samsung Galaxies available. Manufacturers such as Huawei, Sony and HTC also feature, with the latest smartphones all sold at competitive prices. Business phones are available, and free delivery can help customers save money.