Flutterwave, an African payments technology company, has launched a new payment product called ‘Tuition’ that allows users in Africa to conveniently pay various fees to educational institutions, both locally and overseas, using their local currencies.
The aim of Flutterwave’s Tuition is to address the challenges faced by students when making school fee payments in Africa. The product seeks to provide a seamless payment experience for transactions to educational institutions. It also allows students, parents, guardians, and sponsors to pay school fees to over 40 institutions in the UK, with plans to expand to more institutions across Africa and other countries.
Paying school fees to overseas institutions in Africa can be challenging due to high transaction costs, limited access to banking services, currency exchange rates, and security concerns.
To make school fee payments more convenient, secure, and reliable, the new payment product leverages Flutterwave’s own payment technology solution. Parents, guardians, and sponsors can now make direct payments to learning institutions in the UK and easily track their transactions by accessing the status and history on the Tuition web app.
Olugbenga Agboola, CEO of Flutterwave, highlighted the benefits of Tuition for African students, stating, “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. With Tuition, we are providing a safer, reliable, and affordable means for African students to pursue their dreams and seamlessly get financial support from parents, guardians, and sponsors.”
Tuition currently includes high schools, universities, colleges, and some global edutech platforms. Stella Elele, product manager of Tuition by Flutterwave, expressed excitement about the launch, noting that the solution will make payment challenges in Africa hassle-free, particularly for parents supporting their children’s education. The service is initially available in Nigeria for UK school fee payments, with plans to expand to other African countries in the future. Flutterwave also intends to include more schools in Africa, the UK, the US, Canada, France, and Germany as it expands access to the product.
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