Mobile commerce company Paytm has tied up with educational institutions to introduce cashless payments. Users will now be able to pay school fees and dues, cafeteria bills as well as buy uniforms, books and merchandise through the Paytm Wallet.

The company said it has tied up with several institutions including IIT-Mandi, Universal Education Trust, KN Modi University and Delhi Public School. The company is also in advanced discussions with all leading IITs, IIMs, central and state universities, Paytm said in astatement. “School fees and educational expenses form a significant part of an Indian consumer’s regular spends,” said Vijay Shekhar Sharma, founder and CEO at Paytm.

Cashless payments will also prevent theft or misplacement of cash, said Sharma. In the future, Alibaba-backed Paytm will also offer various online courses on the platform. In February, last year, ecommerce player Snapdeal started selling elearning services on the site. It had partnered with brands like Edukart, Pearson Think-Tank Plus, Topper and iProf to launch the service.

Expected Questions

Who is the founder and CEO of Paytm?

–Vijay Shekhar Sharma

Who is the founder and CEO of snapdeal?

-Kunal Bahl