Paytm collects Rs 100 crores contributions for PM-CARES Fund

Digital payments platform Paytm has said contributions for the PM-CARES Fund for the COVID-19 crisis have crossed Rs 100 crore on its platform. Paytm had earlier announced it aims to contribute Rs 500 crore to the PM-CARES Fund. It had said for every contribution or any other payment made on Paytm using the wallet, UPI or Paytm Bank debit card, it will contribute an extra up to Rs 10.

"In a little over 10 days, contributions have crossed Rs 100 crores on the Paytm app and the initiative is still going strong," Paytm said in a statement on Saturday.The company said its employees have also come together and contributed their salaries for the fund.

"Over 1,200 employees have contributed their 15 days, one month, two months to even three months' salary for this noble cause," the statement said. 

Amit Veer, senior vice president at Paytm said every citizen in the country needs to come together to fight this global pandemic.

"We urge fellow Indians to contribute wholeheartedly for this cause. We hope our humble contribution to this great cause helps us come out stronger as a nation," he added.

Paytm also said it is seeking donations for meals for daily wage earners and is working on this initiative in association with the KVN Foundation.