India-based fintech Cashfree Payments has enabled eUPP, a payment management system for schools and colleges, to offer instant and secure payments for end users.
After this collaboration, the 500 educational institutions on the eUPP platform can now seamlessly track their collections directly via the eUPP application. Furthermore, they can use Cashfree’s payment suite to manage their payment flow directly from the eUPP mobile app. This has helped eUPP increase their transaction success rates and enabled their customers to improve their service quality by offering more transparency and functionality around payments on their existing platform and end customer touchpoints.
eUPP is an online payment management system for schools, colleges, universities and other educational institutions. It brings all education expenses into one platform and provides families, students and parents with maximum benefits of their spending on education-related activities.
The Cashfree Payments payment infrastructure processes 20 million API requests daily, with an average uptime of 99.99%. This payment platform is able to offer higher success rates due to its direct integration with banks, card networks, and third-party payment players, along with internal dynamic routing algorithms.
In response to this development, a representative of Cashfree Payments indicates that digitization has recently received an essential impulse, which has also extended to education. As part of this partnership, they have provided eUPP with a powerful and scalable payment infrastructure that reduces payment processing time and provides a better experience to their customers.
More information about Cashfree Payments
Cashfree Payments is a payment and API banking solutions company. It offers full-stack payment solutions that allow businesses in India to collect and disburse payments through all available methods with easy integration. Cashfree Payments offerings include an easy way to integrate payment gateways, a split payment solution for marketplaces, a bank account verification API and Auto Collect – a virtual account solution to match incoming payments to customers.
The company processes transactions worth $40 billion annually. It has used technology to lead payment payouts in India with over 50% market share among payment processors. With Cashfree Payments, more than 150,000 businesses can collect payments, pay suppliers, pay wages, bulk refunds, expense reimbursements, loyalty and rewards. Aside from India, Cashfree Payments products are used in eight other countries, including the US, Canada, and the UAE.
What does eUPP do?
eUPP is a vertically oriented payment platform for education owned by Connexrm, a Singapore based company that has been managing various products in the education sector for over 5 years and has a portfolio of products under its umbrella to help an institution change the entire paradigm cover their requirements. The markets covered by Connexrm in this short space of time are India, Vietnam, Dubai, Singapore and Malaysia, with an aggressive focus on the US and European markets in the near future.