Monday, January 30, 2023
HomeEducationCashfree, eUPP bring instant payments to educational institutions

Cashfree, eUPP bring instant payments to educational institutions

Cashfree Payments, an Indian provider of payment and API banking solutions, has partnered with eLite Unified Payment Platform (eUPP) to enable parents and students to make secure and instant payments at their educational institutions.

eUPP, owned by Connexrm of Singapore, is an online fee management tool for schools, colleges, universities and other educational institutions.

It is designed to bring different education expenses into one platform and to help families, students and parents manage their education-related expenses.

Under the new alliance, more than 500 educational institutions in India use Cashfree Payments payment collection tool to conduct transactions.

Using the eUPP app, the institutions located on the eUPP platform can track their collections directly.

Co-founder of Cashfree Payments, Reeju Datta, said: “Digitization has gained vital momentum in the recent past, which has also extended to the education sector.

“As part of this partnership, we have provided eUPP with a powerful and scalable payment infrastructure that reduces payment processing time and provides a better experience for their customers.”

In October of this year, Cashfree Payments launched a card issuance stack called Issuance, which allows businesses to roll out physical and virtual prepaid cards.

Issuance will enable fintechs and platforms to launch prepaid cards and wallets, as well as custom branding and controls, several media reported.

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