- Online money transfer provider Revolut will give fee waivers to people making transfers to India during the spike in the coronavirus pandemic in that country.
- It will apply to international payments being made into the country, and will last for 30 days from 10th May.
- A senior figure at the company said that the firm was committed to helping as many people as possible during the current wave of infections.
Cross-border payments provider Revolut has confirmed that it will waive fees on transactions to India following the problems with the coronavirus pandemic in the Southeast Asian country.
The country, which is a very important one in the international money transfer network, has been particularly hard hit by the pandemic.
Figures from the weekend show that there are almost half a million cases of the disease in the country at the moment.
The decision by Revolut to waive the fees is designed to support those who want to pay medical bills or buy equipment such as oxygen concentrators.
The fee waiver will apply to international transactions originating outside of the country.
The waiver began on 10th May and will last for 30 days.
It will also now be possible for users to make donations to charities helping victims by using the Revolut app.
Donations will be sent directly, and in full, to the charity of the user’s choice.
Paroma Chatterjee, who serves as the chief executive officer of Revolut India, said that the company would do all that it could to provide help.
She added that it was distressing to see the way that the illness has played out in her home nation.
“I am deeply saddened by the devastating impact of COVID-19 in my country this second time around,” she said.
“We at Revolut are committed to extending all the support we are able to offer to the people of India in this time of need.”
She also said that individuals could make donations to help individuals in the country – and implored people to spread the word about the donation option.
“I would urge everyone to spread the word to your friends and family, and to support this cause by making a donation; big or small, they all make a difference,” she added.
Saleh Saeed, who is the chief executive of the Disasters Emergency Committee (DEC), added that its constituent charities have been working hard to help people in the affected places.
“DEC member charities have a long history of working with these communities and are supporting overwhelmed health services by providing medical supplies, treatment facilities and logistics assistance,” he said.
“With the generous support of Revolut’s customers, we can do even more to help the most vulnerable communities as they face a life-or-death situation.”
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