Manav Rachna Group has partnered with Paytm, India’s largest mobile payments and commerce platform to enable cashless transactions at all major payment points within its campus. This initiative is in line with Paytm’s vision to introduce cashless payments in educational institutions across the country. Students can now pay their school fees, dues and cafeteria bills using Paytm. As per the statistics, over 60 percent of the students in most campuses are already active users of the Paytm app. By minimizing cash, the initiative shall be highly beneficial for the students, teachers, the institution and parents alike. This move is especially relevant in the light of the action plan made by Haryana’s Education Minister under which teaching and non teaching staff of colleges and universities would be brought under the cash less payment system to help promote the cause of a digital economy.
Welcoming the partnership with Paytm, Dr Prashant Bhalla, President, MREI, said, “We are proud to associate with Paytm to enable cashless transactions for our students. As a progressive and technology-driven institution, we feel such a tie-up will benefit students immensely for both fee payment and for small spends inside the campus. The initiative would no doubt help save their time and effort while averting the tedium of long queues. This Initiative would no doubt go a long way in supporting the cause of a digital economy as the whole of the country goes cashless in a big way. ”
Speaking about the partnership, Mr Kiran Vasireddy, Senior Vice President – Paytm, said, “Educational institutions will play a very important role in the digital revolution that is happening in our country. As Paytm, we have already enabled cashless payments for admission fee collections, canteens, tuck shops and other outlets across various schools and colleges. We believe our cashless campus initiative would definitely add momentum to our mission of making India, a cashless society.” Paytm has extended its cashless payment solution to campuses through tie-ups with over 300 schools and colleges. Paytm also allows users to do online recharges and bill payments, book movie tickets, pay education fees, do travel bookings and shop for products online among others. The aim of Paytm is to bring half a billion consumers to the mainstream economy and the company is working towards its goal by onboarding consumers and merchants from every nook and corner of the country.
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