Flutterwave, a leading payment technology has just launched Tuition, a new payment platform that allows for international payment in local currency. Africans users can conveniently pay various fees to educational institutions within Africa and overseas using their local currencies. The educational institutions available on Tuition include high schools, universities, colleges and some global edutech platforms.
The cool part of using Tuition is that you get your payment complete within 48 hours. This is a major relief for African students studying abroad. Thisbis because paying tuition fees can be a hassle, with high exchange rates and limited banking services. In Nigeria, for example, students often have to wait months—up to 120 days—before monies paid for fees are processed by Nigerian banks.
This platform will leverage Flutterwave’s world-class payments technology solution to make school fee payments more convenient, secure, and reliable. Parents, guardians, and sponsors can now pay directly to learning institutions in the UK and easily track their transactions by checking the status and history on the Tuition web app.
Olugbenga “GB” Agboola, Flutterwave CEO, commented on Tuition by saying, “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.”
Speaking on the new product launch, Stella Elele, Product Manager of Tuition by Flutterwave, said: “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 excited to offer this solution to parents in Nigeria, with plans to eventually roll out the service to other African countries. We want to provide the best possible service and support for our customers.”
The product is currently available in Nigeria for UK school fees payments and will soon be rolled out to other African countries in the coming months. Flutterwave also plans to add more schools in Africa, the UK, US, Canada, France and Germany as it grows access to the product.
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