Paytm Introduces Cashless Payments for Educational Institutions

Share on Facebook Tweet Snapchat Share Reddit Comment
Paytm Introduces Cashless Payments for Educational Institutions

Indian mobile commerce firm Paytm annnounced Tuesday that it has introduced cashless payments in over ten educational institutes, making fee payments and regular purchases cash-free for students and parents.

Students can pay their school fees, cafeteria bills, uniforms, books, and merchandise through the Paytm Wallet following the tie-up.

In an emailed statement, Vijay Shekhar Sharma, Founder and CEO, Paytm, said that the firm will aggregate and offer various online courses on Paytm in the future. "Since this segment involves children, the advent of cashless purchases and payments obviates chances of theft and misplacement that often come with carrying cash."

Paytm said that it has tied up with IIT Mandi, Universal Education Trust, KN Modi University, Vidyamandir Classes, Made Easy, Career Launcher, Jamboree, Primus Public School in Bengaluru, Swaminarayan Gurukul Vidyalaya and Delhi Public School. Paytm is in discussions to tie up with IITs, IIMs, central and state universities soon, the company said.

Paytm believes there's immense potential in the Indian education space, quoting a Fitch report that estimates the the Indian education sector's market size at $109.84 billion (roughly Rs. 7,29,672 crores) in 2015.

Disclosure: Vijay Shekhar Sharma's One97 is an investor in NDTV's Gadgets 360.

Comments

For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.

Guyana to Ask Google to Remove Street Names in Disputed Border Region
Microsoft Lumia 950, 950 XL, Surface Pro 4 Launch Expected at October 6 Event

Related Stories

 
 

Advertisement

Advertisement

© Copyright Red Pixels Ventures Limited 2020. All rights reserved.
Listen to the latest songs, only on JioSaavn.com