Paytm, other fintech stocks rebound as govt defers MDR rollout

Shares of fintech companies like Paytm-parent One97 Communications, Pine Labs and One MobiKwik Systems rebounded sharply on Tuesday after NPCI deferred the rollout of 0.4% MDR on UPI person-to-merchant transactions above ₹2,000 until after Diwali. At 1:50 pm, Paytm's shares were trading at ₹1,670.60, down 1.15% from the previous close. Meanwhile, Pine Labs shares were trading at ₹165.50, up 1.52%.