Paytm Ties Up With Educational Institutions for Cashless Payments

PUNE: Paytm, Indian mobile commerce firm has introduced cashless payments in more than ten educational institutions.

Now students can pay for their uniforms, their cafeteria bills, school fees, books, and merchandise through Paytm Wallet.

“Our aim is to grow this platform multifold in the next 6 months. Going forward, we will also aggregate and offer various online courses on Paytm”, said Vijay Shekhar Sharma, Founder and CEO at Paytm.

Now, Paytm is in discussions with all leading IIMs, IITs, central and state universities for similar tie-ups.

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Paytm has made this sort of tie-ups with many educational institutions from preschools to colleges. They include Universal Education Trust, IIT Mandi, KN Modi University, Made Easy, Career Launcher, Vidyamandir Classes, Primus Public School, Jamboree, Bengaluru and Swaminarayan Gurukul Vidyalaya.

With more than 1.5 million schools and 35,000 higher education institutes in India, this market in the country is set to grow at around 34 per cent during 2013-14 to 2017-18.