Paytm drops 10% on proposed 0.4% MDR fee plan

Paytm's stock fell 10%, its worst drop since February, after a proposed MDR of 0.4% on payments over ₹2,000 rattled the fintech sector. Pine Labs dropped 4% and MobiKwik fell 8.3%. Despite the selloff, Goldman Sachs raised Paytm's price target to ₹2,070, signaling long-term optimism.

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