Paytm shares rise 3%. Here’s what’s driving the stock

Shares of fintech firm Paytm rose nearly 3% to Rs 638 in Tuesday’s intraday trade on BSE after the company said that from now on its KYC wallet customers can make payments on every UPI QR code and online merchant where UPI payments are accepted.

This comes after the Reserve Bank of India (RBI) mandated all Prepaid Payment Instruments (PPI) like wallets to be interoperable with UPI and card networks by March 31 last year.