Paytm, has now partnered with Lovely Professional University, Jalandhar and introduced cashless payment.
The users can now pay university fees and dues, hostel fees, cafeteria bills as well as buy books and merchandise through the Paytm Wallet. By minimizing cash, the initiative shall be highly beneficial for the students, teachers, the institution and parents alike.
Kiran Vasi reddy, Senior Vice President at Paytm said, “In line with our vision for a cashless economy, we are committed to bring more and more use cases of wallet payments across categories.We have enabled wallets for admission & fee collections in some of the most prominent educational institutions and now students can also pay at canteens, cafeterias, tuck shops and other vendors on campus with their wallets. With this, students can now experience a complete cash free environment at these campuses.”
Upbeat about the cashless campuses concept, the institutes are implementing wallet-based payments in different styles bringing out various offers for the users. These are cashbacks, contests and discounts in association with various brands in the campus.