Paytm Controversy: Founder Vijay Shekhar Accused Of Profiting Off Contributions For kerala

They say little drops make the mighty ocean. That is what Paytm founder and CEO Vijay Shekhar Sharma was likely trying to do when he tweeted that he had donated Rs 10,000 to the Kerala Chief Minister’s Disaster Relief Fund through his transaction app.

But he didn’t know that Twitter delivers judgement quicker than god. Criticism rained down on the billionaire from Twitterati for donating such a small amount. Many called his donation a publicity stunt meant to promote his app and chided him for being a miser. However, many also saw Shekhar’s tweet as an example of how easy it was to donate money to the Kerala Chief Minister’s Disaster Relief Fund. And, the sum was Rs 10,000 because most Paytm users cannot transact for amounts more than Rs 10,000.

Shekhar’s tweet, which he later deleted, was on August 17. In the days since, Paytm has managed to collect Rs 30 crore from 12 lakh users.There was also a side controversy — many people on social media accused Paytm of profiting off the contributions for Kerala via transaction fees.However, Paytm clarified that all donations made via the app are exempt from transaction fees — whether it is for the user or the government.Paytm has also said that it will match contributions up to Rs 1 crore.

 

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