India’s mobile payment solutions company, My Mobile Payments, Ltd. — which owns the MOM Wallet app — has enrolled some 27,000 students across various institutions of the Pune, India-based Maharashtra Cosmopolitan Education Society.
Per a report from Voice & Data, the enrollment is believed to be the largest live on-boarding of customers done by any mobile wallet, and reflects a larger university goal of going cashless by the end of the decade. The enrollment by My Mobile Payments follows a successful pilot program conducted in September 2015 by MOM Wallet in Mumbai, where 700 students were enrolled and leveraged the solution for cashless transactions at on-campus cafeterias.
University officials say that students can also use the MOM Wallet app to make small-ticket transactions at canteens and restaurants, as well as pay for parking and photocopying services in and around campus. Future utilities are being considered for paying various campus fees, to facilitate library services, for mobile account top-ups, utility bill payments, booking movie tickets and paying for direct-to-home (DTH) television services.
MOM Wallet is one of India’s largest mobile payment platforms and is currently authorized by the Reserve Bank of India to set up a payment system that enables registered users to buy goods and services from registered merchants.