Buoyed by the immense opportunity existing in the Indian education sector currently marked at about $ 100 bn, Paytm, a mobile payment and commerce platform, has tried to tap the education sector by providing cashless transaction solutions across schools, colleges, universities, and other premium academic institutions. To date, Paytm has taken its cashless solutions to campuses through tie-ups with over 150 institutions such as Delhi Public School, India Institute of Technology, Lovely Professional University, Sharda University, Garden City College, Bangalore, Jaipuria Institute, Universal Education and many others.The response has been phenomenal and several institutions have welcomed Paytm's move and are fast moving away from cash, thereby adopting Paytm as the only payment tool."
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