Cashfree Payment Schemes at IITB

It has always been the tradition of IIT Bombay to foster innovation. The atmosphere on campus has been an engine for spawning fresh new ideas, and they have always paid rich dividends. Careful attention is paid to ensure that students gets world-class infrastructure and the best facilities at the campus. Mindful of this desire to make life of the students at the campus more convenient, safe and hassle free, we are proud to introduce the launch of our new payment system on campus under the ‘Cashless Campus’ project.

“Cashless Campus” is India’s first Contactless Semi-Closed Prepaid Payment System. “The Power To Pay” tags have been developed exclusively for the student body and faculty of IIT Bombay and can be used at select outlets in the IIT Bombay campus to make day-to-day purchases in book shops, stationery stores, groceries, restaurants and in the canteen at IIT Bombay.

This video should give an idea of how it works. It aims at reducing the transactions via cash on campus. The initiative will allow you to pay across most of the merchants on the campus just by a tap of your mobile phones. Thus, you will be able to buy anything and everything on campus using this newly designed facility. This list of merchants includes cafeterias, canteens, Xerox shops, grocers, telephone recharge points and every other basic necessity.

It would be an ideal and an extremely convenient way of transacting on campus, saving you the hassle of carrying cash around and struggling with loose change to make payments! You would get these contactless tags for your mobile phones and can avail the service according to the following schedule by signing up the KYC forms:

30th – H1, H2
31st – H3, H4
1st – H5, H9
2nd – H6, H7
3rd – H8, H11
4th – H12, 13, 14
6th – H12, 13, 14
7th – H10 and Canara Bank for the rest

Find out more by visiting us on Facebook:

– Team ‘Cashless Campus’, an Initiative by IIT Bombay.