Paytm’s stock fell over 3% on January 1 after the National Payments Corporation of India (NPCI) announced an extension of the Unified Payments Interface (UPI) transaction volume cap.
The cap, which limits digital payment firms from holding more than a 30% share of UPI transactions, will now remain in effect until December 2026.
This proposal, first introduced in November 2020, has raised concerns for companies like Paytm, as it could impact their growth prospects in the digital payments market.
As of 10:57 AM, Paytm shares were trading 3.08% down at Rs 986.55.
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