With long queues and confusion being a regular affair during fee payment and other monetary transactions, colleges now, are slowly going digital with the process. Mobile Commerce platforms and e-wallet services like Paytm are now entering DU colleges and providing various cashless services for mobile recharge, fee payment, online shopping and much more.
While popular DU colleges like Shaheed Sukhdev College of Business Studies, SRCC and KNC, have already adopted means and methods to make the process of fee payment and canteen facilities cashless, institutions like DTU, NIFT, LPU and IIT -D too are acting as a lucrative play-field for such mobile wallet services. Apart from payment of fees, students are also widely using such apps to buy books, order food, book movie tickets and cabs among a number of other facilities.
On trying to explore the larger idea of utility of such apps, according to an HT Report, Kiran Vasireddy, Senior Vice President at Paytm, said, “What we are fighting is cash transactions and that’s our motto,”.
Overall, the idea of going without paper money by means of mobile commerce apps is receiving a positive response from both students and college authorities and is increasingly being vouched as a great area for easing monetary exchanges.
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