Flutterwave, a leading payments technology company, has released a new payment product ‘Tuition’.
The purpose of this new payment product is to enable consumers in Africa to easily pay various fees to educational institutions inside Africa and beyond using their respective local currencies. On Tuition, students have access to a variety of educational institutions, including high schools, universities, colleges, and even some international edutech platforms.
The objective of tuition is to make it easier for students to make payments and complete transactions, with the goal of easing the burden of paying school fees for students studying both domestically and internationally. The new service gives students, parents, guardians, and sponsors the ability to pay school fees to over 40 institutions in the United Kingdom. There are plans to add more institutions in more nations in Africa and other parts of the world in the near future.
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It has been stated that a variety of obstacles have made it difficult for African countries to make payments to schools located in other countries. Africans have had difficulty ensuring that their monies are dispersed to abroad financial institutions in the shortest amount of time feasible due to the high cost of transactions, limited access to banking services, lack of transparency, security concerns, and currency exchange rates. These issues have made it difficult for Africans to ensure that their funds are safe.
The new offering will make it easier, more secure, and more dependable for parents to pay their children’s school fees by utilizing Flutterwave’s cutting-edge payments technology solution. It is now possible for parents, guardians, and sponsors in the UK to make payments directly to educational institutions, and they are able to quickly track the progress of their transactions by reviewing the history and status of their payments using the Tuition web app.
The Chief Executive Officer of Flutterwave, Olugbenga Agboola, made the following statement on Tuition: “We are excited to launch Tuition to support the dreams of African students across all levels who want to study anywhere without worrying about how to meet the deadline for their school fees payment.” Tuition is intended to support the aspirations of African students. We are making it easier for students in Africa to acquire the financial help they need from their parents, guardians, and sponsors by offering a platform that is secure, dependable, and inexpensive.
Stella Elele, the Product Manager of Tuition by Flutterwave, commented on the debut of the new product by saying, “We are always looking for new ways to make payment challenges in Africa hassle-free, and we are confident that Tuition will be a game changer for parents who want to support their children’s education.” We are thrilled to be able to provide this option to the parents in Nigeria, and we have plans to eventually roll out the service to other nations in Africa. We are committed to providing our customers the highest level of service and support that we are capable of.
The service is now offered in Nigeria for the purpose of making payments toward UK school fees, and it will shortly be extended to additional nations in Africa over the course of the next few months. As it broadens access to its product, Flutterwave also intends to expand its presence at educational institutions in Africa, the United Kingdom, the United States of America, Canada, France, and Germany.
About Flutterwave
Flutterwave is a payments technology company helping businesses in Africa and all over the world send and receive local and cross-border payments globally via one API (Application Programming Interface).