Paytm stock tumbles 5% after Rs 1,500 cr incentive approval for low value UPI transactions

The Union Cabinet has approved a Rs 1,500 crore incentive to promote low-value UPI transactions.

Under the 'Incentive Scheme for Promotion of Low-Value BHIM-UPI Transactions (P2M)', small merchants will be eligible for a 0.15% incentive on UPI transactions up to Rs 2,000 for the financial year 2025.