The digital platform specialized in communication and educational technology, “SchoolVoice”, signed a memorandum of understanding with First Abu Dhabi Bank, aiming to facilitate and standardize financial transactions for schools, and to conduct them through the electronic wallet “Payit” of First Abu Dhabi Bank, in order to enhance the culture of non-cash transactions within the school system in the country UAE.
The MoU aims to provide schools and parents across the country with comprehensive technology to enable them to manage their financial affairs, as the two parties will collaborate to provide smart solutions that facilitate all forms of payments from tuition fees to school activities and trips.
Under the agreement, Payit, the first integrated digital wallet in the UAE from First Abu Dhabi Bank, will be integrated with the SchoolVoice platform, to enable schools to send and receive payment orders in an easy and immediate manner, while allowing them to benefit from a comprehensive reporting system. It is allowed to supervise the status of requests for all payments, and to ensure that all beneficiaries settle their dues, in addition to the ability to send alert notifications in the event of late payment.
SchoolVoice’s electronic payment feature gives parents an easier choice – whether by credit or debit card, or through their Payit wallet, as paying via Payit wallet is the least expensive in educational facility transfer fees, and settling payments in The next day, and refunds, as well as offering special offers and discounts for schools and users.
Ramana Kumar, Executive Vice President and Head of Payments and Digital Banking Services Division, Consumer Banking Division at First Abu Dhabi Bank, said: “We are pleased to collaborate with the SchoolVoice platform to provide schools with an integrated digital payment system, as we at First Abu Dhabi Bank are always looking to expand the payments sector. We are constantly exploring opportunities to build on our success. The MoU confirms our commitment to continue supporting vital sectors in the United Arab Emirates, especially the education sector. “
Ali bin Yahya, founder and CEO of SchoolVoice, said: “Throughout 2020, especially in light of the (Covid 19) epidemic, we have made every effort to develop our technology in response to the changes imposed on educational institutions, and this partnership comes to reinforce and prove our commitment to developing affordable solutions. And sustainable – not only facilitates, but also surpasses all challenges facing the completion of the educational process, based on our belief that the education sector in the United Arab Emirates and all over the world is the main engine for various vital sectors and from which the future of the world can be foreseen.
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