HomeFinanceCoronavirus Update: Paytm to contribute Rs 500 crore to PM CARES Fund

Coronavirus Update: Paytm to contribute Rs 500 crore to PM CARES Fund

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India-based online payment company Paytm has announced to contribute Rs 500 crore to Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) to fight against coronavirus.

In a statement issued, President of Paytm, Madhur Deora said, “We will also contribute up to Rs 10 for every payment transaction using the Paytm app and instruments. The money would be directly transferred to the PM CARES Fund.”

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“Paytm also commits to doing everything in its power to support the efforts of our Government in coming out of this crisis,” Deora added.

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Krishna Mali
Krishna Mali
Founder, CEO & Group Editor of TechGraph.
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