Edves, a leading education technology company in Africa, has partnered with Globus Bank to simplify school fee payments for parents and guardians in Nigeria. This collaboration introduces seamless payment options via bank transfers, addressing long-standing challenges of managing school fees in the education sector. According to Cynthia Okonkwo, Brand and Communication Manager at Edves, the initiative streamlines transactions, making the process less time-consuming and more user-friendly.
The partnership aims to combat financial issues faced by private schools in Nigeria, where delayed fees contribute to a 25% annual bad debt. By integrating Globus Bank’s payment systems, the solution helps track defaulters and reduce losses, allowing schools to focus on providing quality education. Dimeji Falana, CEO and Co-founder of Edves, emphasized that the initiative exemplifies the company’s mission to leverage technology in solving real-life challenges in education, aligning with the broader goal of empowering institutions with digital solutions.
With the adoption of digitized school operations, secure and efficient payment systems are crucial for sustainability. Globus Bank’s financial expertise ensures reliability and security in transactions, enhancing the learning environment across Africa. This partnership marks another milestone for Edves in revolutionizing the education sector and highlights its commitment to driving innovation in the learning ecosystem.