Paytm shares jump after India regulator's nod to onboard new users

Paytm shares jump after India regulator's nod to onboard new users

A QR code sticker of the digital payment app Paytm is seen outside a grocery store in Kolkata, India July 9, 2024. REUTERS/Sahiba Chawdhary / File Photo

Shares of Indian fintech firm Paytm jumped nearly 6% on Wednesday after the country’s payments regulator allowed the company to sign new users for digital payments via UPI, which analysts said removed a key regulatory overhang.