Mobile commerce firm, Paytm has introduced cashless payments in educational institutes. This will allow users to pay school fees, dues and cafeteria bills as well as buy uniforms, books and merchandise through its mobile platform.
According to the company, school fees and educational expenses form a significant part of an Indian consumer?s regular spends. In this scenario, cashless purchases and payments reduce chances of theft and misplacement of cash. It is also planning to aggregate and offer various online courses on Paytm.
Paytm has tied up with several educational institutions from pre-schools to colleges such as IIT Mandi, Universal Education Trust, KN Modi University, Vidyamandir Classes, Made Easy, Career Launcher, Jamboree, Primus Public School, Bengaluru and Swaminarayan Gurukul Vidyalaya, among others. Paytm is in advanced stage discussions with IITs, IIMs, central and state universities.
