Paytm reports Rs 123 crore profit in Q1 FY26 strengthens, lead in merchant payments sector

Paytm reports Rs 123 crore profit in Q1 FY26 strengthens, lead in merchant payments sector

Paytm (One 97 Communications Limited), India’s leading full-stack merchant payments platform, on Tuesday announced a Profit After Tax (PAT) of Rs 123 crore for the first quarter of FY26, marking a significant financial milestone for the company. The Noida-based fintech major attributed the growth to its expanding base of high-quality subscription merchants, increase in Gross…

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Finance Ministry denies reports of MDR charges on UPI transactions, calls them baseless

Finance Ministry denies reports of MDR charges on UPI transactions, calls them baseless

The Union Finance Ministry on Wednesday dismissed reports suggesting the government is considering levying charges on Unified Payments Interface (UPI) transactions, calling the claims “completely false, baseless, and misleading.” In an official post on social media platform X, the ministry clarified that there is no proposal to introduce a Merchant Discount Rate (MDR) on UPI…

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