India’s Gujarat Technological University (GTU), and its numerous college affiliates, has taken another step toward a completely cashless campus environment. University credentials are coming to the fore in the region as a growing number of institutions are seeking more efficient means for students to make purchases on campus.
According to a report from The Business Standard, colleges affiliated with GTU have been working with leading banks in the region to push for cashless transactions on campus. Tuition fees have been accepted online for the last two years, but the latest cashless push as seen petty cash transactions like penalty payments, library fees and other administrative fees all being accepted through payment kiosks located on campuses.
Also included in the cashless push are campus canteens — mostly run on third party contracts — that have been equipped with bank-provided point of sale card readers, and are encouraging student use of Paytm and other mobile payment gateways approved by the university.
CEPT University is another institution in India to go cashless on campus. The university has introduced a new card-centric system for students that will enable them to, among other things, make purchases at a number of campus locations for food and print/copy, as well as be reloaded through check payment.
While not necessarily groundbreaking in places like the US, CEPT University’s cashless initiative will, for the first time, see every campus facility outfitted with a card reader. CEPT’s new cashless system is set for launch on January 9, 2017.