Flutterwave launches ‘Tuition’ for African students to pay school fees abroad with local currency

Omoleye Omoruyi
Flutterwave launches Tuition
Flutterwave launches Tuition

Flutterwave has launched a new payment product called Tuition to allow African users seamlessly pay various fees to educational institutions within Africa and overseas using their local currencies.

In a statement to Technext, Flutterwave said the payment platform is designed to solve bottlenecks African students face trying to pay for school fees to study abroad and to ensure ease of payment when making the transactions.

So, Tuition enables students, parents, guardians and sponsors to pay school fees to over 40 institutions in the UK, with plans to add more institutions in more countries in Africa and beyond.

The educational institutions available on the platform include high schools, universities, colleges and some global edutech platforms.

Speaking on the new product, Flutterwave CEO, Olugbenga Agboola said: “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.”

The Product Manager of Tuition, Stella Elele said Flutterwave is always looking for ways to make payments in Africa seamless and they are sure the product will be a game-changer.

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.

Stella Elele

According to the statement, Tuition is currently available in Nigeria for UK school fees payments and will soon be rolled out to other African countries in the coming months.

Agboola Olugbenga
Olugbenga Agboola, CEO, Flutterwave

Flutterwave also plans to add more schools in Africa, the UK, the US, Canada, France and Germany as it grows access to the product.

Meanwhile, on its FAQ page, Flutterwave says Tuition supports payments from Cameroun, Ghana, Ivory Coast, Kenya, Nigeria, and South Africa, and users can use their debit card, credit card, Google Pay, or by bank transfer (Nigeria only).

The problem Flutterwave wants to solve with Tuition

Academic tourism in Nigeria, and Africa, is not news. It has been a phenomenon right from when Europe and the rest of the world waltzed into Africa and several cultures met. In some countries, it was part of the acculturation system, so Africans become more ‘informed’. Over the years, it has evolved into a part of the globalisation scheme.

Now that the world has become more interconnected than ever, quality education is no longer confined to one’s home country. Many students aspire to study abroad, expanding their horizons and gaining a global perspective.

However, navigating the complex process of paying tuition fees across borders has often posed challenges for both students and educational institutions – one is cross-border payments.

One prominent issue is the restrictive foreign exchange policies imposed by various African governments.

Currently, the traditional way of paying tuition for African students is to wire money through a bank. This process can be slow, expensive, and inconvenient. Additionally, students often have to pay high fees to exchange their currency for the home country currency of the institution they are attending.

A payment platform like Tuition solve these problems by providing a simple, fast, and affordable way to pay tuition. Students can use the platform to pay their tuition in their local currency, and the funds are transferred directly to the institution’s account.

Meanwhile, academic institutions can benefit from Flutterwave’s Tuition through automated reconciliation processes and streamlined administrative workflows, as the platform is expected to provide real-time reporting, allowing institutions to track payment statuses, identify outstanding balances, and reconcile payments efficiently.

This reduces administrative burdens, minimises errors, and enhances financial management processes, ultimately improving the institution’s overall operational efficiency.

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