Edu-fintech startups Financepeer has launched UVA card which is numberless pay as you go photograph ID card for college kids, dad and mom, and institutes to make day-to-day transactions straightforward and hassle-free. UVA Card, technologically backed by Visa, is an revolutionary strategy to digitise the monetary system in instructional institutes throughout India.
The program intends to create cash-free campuses by enabling institutes, dad and mom, and college students to pay and obtain charges, withdraw money, do e-commerce transactions and have the ability to make funds effortlessly at any stores that use level of sale (POS) terminals.
“We are working towards bringing a revolution in edu-fintech space through technology and at the same time creating impact at the bottom of the pyramid, via increasing access to quality education. Our recent funding and collaboration with industry stalwarts have given renewed strength and a new purpose to our mission. In view of this, we are launching a numberless dual interface product which is a photo ID card to make cashless transactions easy for students, parents and institutes with just a tap. To make electronic payments safer and hassle-free for our students, these Visa cards have been designed with EMV chips,” Rohit Gajbhiye, CEO and founder, Financepeer, mentioned.
“As a network working for everyone, Visa is committed to expanding financial access and inclusion across diverse demographics. We are delighted to collaborate with Financepeer as they launch the UVA Card, an innovative, prepaid card solution that not just works as a photo ID and payment instrument but aids financial discipline. The UVA card has been designed specifically keeping in mind the unique spending needs of students and their guardians, and is a decisive step towards building a cashless economy among young consumers, Sujai Raina, head of Business Development, Visa India said.”
Furthermore, Financepeer has deliberate to develop its attain to distant areas and has witnessed 10x progress within the final 12 months. The firm has partnered with greater than 10,000 instructional establishments to ship inexpensive price financing merchandise, edu-tech content material, and price cost options.
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Source: www.financialexpress.com”