Paytm Shares Surge 11% in Strongest Weekly Rally in Four Months

Shares of One97 Communications, the parent of $PAYTM m, climbed 11% this week, marking the fintech firm’s biggest weekly gain in four months. The stock closed near ₹1,603, fuelled by renewed investor optimism over potential UPI monetisation. Brokerages have turned more bullish. It estimates that a possible merchant discount rate (MDR) on select UPI transactions could lift net payment margins by 3-4 basis points and boost FY30 EPS by around 30%. The rally reflects growing confidence that regulatory clarity on UPI fees could unlock a significant new revenue stream for Paytm while keeping consumer payments free.