The subsidiary of erstwhile value-added-services firm One97, and promoted by Vijay Shekhar Sharma, wants to change the way people pay, and digitising campuses helps in moving towards that goal.
It is tying up with over 100 schools and colleges, including Delhi Public Schools, Indian Institute of Technology, and management institutes like XLRI.
“What we are fighting is cash transactions and that’s our motto,” said Kiran Vasireddy, senior V-P at
Paytm.
Some of the institutes are implementing it in a phased manner. For instance, Indraprastha Institute of Information and Technology (IIIT) has allowed its shops inside the campus to use wallets.
“We are using wallets in Café Coffee Day, the stationary shop, the juice corner, the canteen and for monthly mess services. If this is successful, we will extend it in fees submission as well,” said Kapil Chawla, finance head at IIIT.
