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VERIFIEDEconomic Times News·positive

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

AI Summary
  • ·CMS Info Systems shares increased on Wednesday following a government announcement regarding MDR on UPI transactions.
  • ·Merchants will now pay 0.4% MDR on eligible P2M UPI transactions exceeding Rs 2,000.
  • ·The MDR is capped at Rs 300 for payments of Rs 75,000 or more.
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