Paytm shares jumps 4% after rival PhonePe halts IPO plans

Paytm shares jumped on Monday after rival PhonePe paused its IPO plans, easing near-term competition in digital payments. PhonePe cited geopolitical uncertainty and volatile global markets for deferring its listing. The move reflects broader market caution, with fintech firms reevaluating IPO timing and valuations amid heightened investor uncertainty and equity market volatility.