Coronavirus: Paytm To Contribute Rs 500 Crore To PM CARES Fund To Help Fight COVID-19 Pandemic

To support the fight against COVID-19 pandemic, India's leading digital payments and financial services platform Paytm on Sunday (29 March) said it is aiming to contribute Rs 500 crore to the PM CARES Fund.

Urging users to do their bit in the fight against Covid-19, the company said that for every contribution or any other payment made on Paytm using the wallet, UPI and Paytm Bank debit card, the company will contribute an extra up to Rs 10.

"We are honoured to do our duty to aid the government in all the relief measures being taken to fight the Corona pandemic. We hope our users wholeheartedly donate to PM CARES fund and help save lives," Madhur Deora, President - Paytm, said in a statement.

"We will also contribute up to Rs 10 for every payment transaction using the Paytm app and instruments. This money would be directly sent to the PM-CARES fund. Paytm commits to doing everything in its power to support the efforts of our government in coming out of this crisis," Deora said.

Over the last few weeks, Paytm has launched several initiatives to fight the spread of the novel coronavirus. It has started collecting contributions to buy personal hygiene products for people who might not have the means to buy it.

Also, the company has created a Rs 5 crore fund for innovators who are developing medical instruments or medicines to combat the virus.

(With inputs from IANS)