Chillar, a fintech payment solution company founded in 2013, has launched Campus Wallet, a closed-loop payment system for educational institutions that allows students to manage expenses using biometric or ID cards. The system enhances convenience and efficiency for universities and colleges, reduces administrative workload by 60%, and includes features like a mobile app for parents and teachers for better expense monitoring and academic management. The service is offered at a low annual subscription fee per student, with a strong emphasis on security and data management.