Paytm has announced gamut of educational services today by entering into the Indian education market. With the Paytm Education, the platform caters a range of services across payments for in-app and educational centres, commerce that includes scholarships, coaching, test preparation, admission forms and more. It even supports financially in offering student insurance, EMIs, educational loans, and smart cards and also academic services.
Paytm Education is trying to compete with the billions valued educational market by teaming up with private and government educational institutes.
Paytm is also offering its services in the highly lucrative market of private entrance tests, public university tests, and government jobs.
The Paytm Education is involved in names such as VIT, AKTU, Delhi Public Schools, Delhi University, Railway Recruitment Board, IITs, IIMs, NITs, Aligarh Muslim University, Maharashtra Public Service Commission, Career Launcher, and many more to list down.
Paytm Education with the financial services co-brands smart cards to students with an ambition to function across categories of various educational spaces. With this platform, the mobile wallet major is darting on on-board of 3.5 crores around 20,000 private schools, 1000 coaching institutes, and 1000 higher educational institutes.
As we know, Paytm offers fee payment services to 10,000+ educational institutions is planning to cross INR 20,000 crore by FY 2020.
The company’s Gross Transaction Value (GTV) is over $50 billion and offers 200+ services with its mark in online wealth management via Paytm Money.