CMS Info Systems shares rise on select UPI MDR announcement
In short
CMS Info Systems shares rose after the government announced MDR on some UPI payments above Rs 2,000. The report says merchants will pay 0.4% MDR from October 15 on eligible P2M UPI transactions, capped at Rs 300 for payments of Rs 75,000 or more.
What the reporting says
CMS Info Systems shares rose after the government announced MDR on select UPI transactions above Rs 2,000, according to the Economic Times summaries. The reporting says merchants will pay 0.4% MDR on eligible P2M UPI transactions from October 15, capped at Rs 300 for payments of Rs 75,000 or more.
Why it matters
The Economic Times summaries say CMS Info Systems gained because the government announced MDR on select UPI transactions above Rs 2,000, with a 0.4% fee starting October 15 on eligible P2M UPI payments. As a payments infrastructure company, CMS Info Systems was seen as a possible direct beneficiary. The reporting does not quantify the company-specific benefit or give any official company response.