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Published
Mar 30, 2020
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Flipkart’s Phonepe aims to donate Rs 100 crore to 'PM CARES' fund

Published
Mar 30, 2020

Flipkart-owned digital payments firm Phonepe has pledged to contribute around Rs 100 crore ($13.3 million) to the PM CARES (Prime Minister’s Citizen Assistance and Relief in Emergency Situations) fund, to fight the coronavirus pandemic.
 

Flipkart’s Phonepe aims to donate Rs 100 crore to PM CARES Fund - Phonepe


The company said that it will contribute Rs 10 for every user, who donates to the PM CARES Fund via the Phonepe app using UPI by April 30, 2020.
 
“In total, PhonePe has pledged to contribute a maximum of up to Rs 100 crore. The pledge is an attempt to lift the mood of the country in this period of crisis. We are asking every Indian to unite together and donate, even if it’s just Re 1, to the PM CARES Fund,” Sameer Nigam founder and CEO of Phonepe said in a statement.

“Our mission is to get 10 crore people to donate to this cause and create a world record for the highest ever number of donors for a cause in history,” he added.
 
At present, Phonepe is present in more than 150 cities across India and claims to have over 150 million bank accounts linked on its platform.
 
Phonepe’s rival had earlier pledged to contribute Rs 500 crore to the PM CARES Fund.

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