Indian payments firm Paytm's shares jump as nod for new UPI users clears key risk

Quick Summary:

:Shares of Indian fintech firm Paytm jumped nearly 6 per cent on Wednesday after the country's payments regulator allowed the company to sign new users for digital payments via UPI, which analysts said removed a key regulatory overhang.

However, that is still below Paytm's current price of about 727 rupees.

To be sure, Paytm has still not cleared all regulatory hurdles.

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Article Details

Category: EconomyBusiness

Markets: SingaporeIndia

Topics: 2024 Cent India Payments Payment Users Company Country Paytm Regulatory Digital

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-23 @ 12:20:09 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 399 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23212240

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Main Topics: EconomyBusiness

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