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Paytm to make available 21,000 oxygen concentrators from May 1st week

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Published : Apr 28, 2021, 4:27 PM IST

Paytm has raised Rs 5 crore contribution from the public and matched the same amount taking the total kitty to Rs 10 crore for procurement of oxygen concentrators (OCs) which filter out oxygen from the air and help patients with mild breathing issues.

Paytm to make available 21,000 oxygen concentrators from May 1st week
Paytm to make available 21,000 oxygen concentrators from May 1st week

New Delhi: Digital payments and financial services company Paytm has placed an order for 21,000 oxygen concentrators which will be made available from the first week of May in the country, a company spokesperson said on Wednesday.

"Paytm Foundation has already placed an order for importing 21,000 OCs to provide immediate relief. Our founder Vijay Shekhar Sharma is leading a dedicated team with medical expertise to push forward and streamline company-wide Covid relief measures," the company spokesperson told reporters.

Read:| Paytm Money to offer Futures & Options trading

These devices would be immediately sent to government hospitals, COVID care facilities, private hospitals, nursing homes as well as Resident Welfare Associations, the spokesperson said.

"As part of Oxygen for Life Campaign, on the Paytm foundation's website, private hospitals, RWAs, NGOs may request for guidance for purchase of the Oxygen Concentrators," he said.

India is struggling with the second wave of coronavirus infection and hospitals in several states are reeling under a shortage of medical oxygen and beds given the rising number of COVID-19 cases.

India saw a record single-day rise of 3,60,960 coronavirus cases, which pushed the total tally to 1,79,97,267, while the death toll crossed two lakh following 3,293 fresh fatalities. Patients have been running for oxygen and have been reporting about the shortage of breathing equipment in the Delhi NCR area.

Read:| Paytm to double loan disbursement to Rs 1,000 cr for MSMEs

Hospitals in the region have reported a loss of life because of several factors including oxygen shortage.

Several oxygen vendors in the Delhi NCR area have said that they have run out of oxygen cylinder stocks.

Following overwhelming support and contribution from people across the country, Paytm is now aiming to raise over Rs 14 crore to source over 3,000 OCs over the next few days.

"Paytm aims to become the destination for other organizations and enterprises to procure OCs," the spokesperson said.

PTI

Read:| Paytm waives charges on merchant transactions; to absorb MDR of Rs 600 cr

New Delhi: Digital payments and financial services company Paytm has placed an order for 21,000 oxygen concentrators which will be made available from the first week of May in the country, a company spokesperson said on Wednesday.

"Paytm Foundation has already placed an order for importing 21,000 OCs to provide immediate relief. Our founder Vijay Shekhar Sharma is leading a dedicated team with medical expertise to push forward and streamline company-wide Covid relief measures," the company spokesperson told reporters.

Read:| Paytm Money to offer Futures & Options trading

These devices would be immediately sent to government hospitals, COVID care facilities, private hospitals, nursing homes as well as Resident Welfare Associations, the spokesperson said.

"As part of Oxygen for Life Campaign, on the Paytm foundation's website, private hospitals, RWAs, NGOs may request for guidance for purchase of the Oxygen Concentrators," he said.

India is struggling with the second wave of coronavirus infection and hospitals in several states are reeling under a shortage of medical oxygen and beds given the rising number of COVID-19 cases.

India saw a record single-day rise of 3,60,960 coronavirus cases, which pushed the total tally to 1,79,97,267, while the death toll crossed two lakh following 3,293 fresh fatalities. Patients have been running for oxygen and have been reporting about the shortage of breathing equipment in the Delhi NCR area.

Read:| Paytm to double loan disbursement to Rs 1,000 cr for MSMEs

Hospitals in the region have reported a loss of life because of several factors including oxygen shortage.

Several oxygen vendors in the Delhi NCR area have said that they have run out of oxygen cylinder stocks.

Following overwhelming support and contribution from people across the country, Paytm is now aiming to raise over Rs 14 crore to source over 3,000 OCs over the next few days.

"Paytm aims to become the destination for other organizations and enterprises to procure OCs," the spokesperson said.

PTI

Read:| Paytm waives charges on merchant transactions; to absorb MDR of Rs 600 cr

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