- Paytm shares rose 2% after RBI’s assurance on UPI charges.
- UPI payments remain free for users, Governor Sanjay Malhotra confirmed.
- Paytm shares are up 12% YTD, despite recent retail bearish sentiment.
In a post-policy press conference, RBI Governor Sanjay Malhotra confirmed that
UPI payments will remain free for users. The statement eased concerns that had earlier surfaced
about the long-term sustainability of UPI’s zero-cost model, sparking a relief rally in Paytm shares.
UPI Charges: What Users Should Know
- Personal UPI payments: 100% free.
- Merchant UPI payments via wallets: Transactions above Rs. 2,000 may attract
interchange fees (0.5%–1.1%) — borne by merchants, not customers. - Bank-to-bank UPI transfers: Free for all users.
Paytm Regulatory Milestone
In August 2025, the RBI lifted restrictions on merchant onboarding for Paytm and granted its fully-owned subsidiary,
Paytm Payments Services Ltd (PPSL), an in-principle approval to operate as an online payment aggregator.
Retail Sentiment & Stock Performance
Despite the positive RBI announcement, data from Stocktwits shows that retail investor sentiment on Paytm
has been ‘bearish’ for the past week.
Overall, Paytm shares are up 12% year-to-date (YTD), reflecting cautious optimism in the counter.
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