How VeryPay
Impacts the Education System

In many parts of Africa, parents and students rely on cash for their educational expenses. The obstacles are significant: the risk of losing money, the lack of banking facilities in rural areas, and the inconvenience of handling cash for both families and schools. This makes managing education-related payments cumbersome and insecure.

By collaborating with Mobile Network Operators (MNOs), VeryPay transforms school payment processes by integrating with existing eWallets. This functionality allows families to pay for all school-related expenses digitally, using VeryPay payment tokens linked to their mobile money accounts.

VeryPay’s secure digital platform reduces the need for physical cash, offering peace of mind and convenience, and enabling students to focus on their education without the added burden of managing cash. The VeryPay school mobile money companion solution modernizes and streamlines payment experiences across the school ecosystem.

The problem

  • Security Risks: Carrying large amounts of cash to school can be risky, with threats of theft or loss and parent’s money can be misused.
  • Accessibility Issues in geographically isolated areas
  • Financial Burden: Having to come up with a large sum can strain household finances.
  • Inefficiencies in cash management and record keeping
  • Limited Transparency with lack of a clear audit trail

The solution

  • Enables digital payments for school expenses.
  • Reduces the amount of cash to be banked by schools.
  • Easier accounting as digital receipts available for schools and parents.
  • Provides a secure, convenient payment platform.
  • Students can develop digital skills and familiarity with digital payment technology, preparing them for the future.
  • VeryPay brings the technology that enables credit profiling, increasing credit access.

The VeryPay solution revolutionizes educational payments across Africa. By partnering with parents, schools, and local financial institutions, we enable secure, convenient digital transactions that reduce reliance on cash and enhance security. This innovative approach not only simplifies payment management but also ensures a seamless and safe experience for both families and schools.

To learn more, book a discovery call with our team today.
Book a Call