As the admission session begins, one of the most tiring jobs for parents and students is standing in the never ending fee payment line and waiting for the turn to pay the fees. In India, it’s all about long queues at counters, inconvenience & hassles ultimately leading to missing deadlines & late fees charges at times. But slowly and steadily, the fee payment system has seen technological advancements which have made the system simple, hassle free and convenient. As time has evolved, from paying the fees at the fee counter we now have hassle free online payment gateways and mobile wallets gateways that have made this tough task, a much simpler one. Let’s have a look at the top four online payment portals that acts as a Jeannie in our lives!
Instafeez aims to revolutionize online & off-line payments by providing clean and hassle-free integration. Instafeez, offer a fast, affordable and secure way for institutes, schools and merchants to accept payments with focus on convenience for parents, institutes, finance group and merchants. Instafeez has had Over 14882+ successful transactions till date and aims at aggregating all the stakeholders onto a single platform, resulting in convenience, productivity and cost reduction to the entire eco-system. They also on boarded their 50+ institutes successfully loading 14,000+ students and processing various payment mode transactions. Instafeez has successfully on boarded Tier II/III cities Institutes enabling them with solid payment reconciliation system. Other important features of Instafeez are:
For Institute Management
Unified payment system with both online & off-line payment modes helps with Auto settlement & accurate reconciliation into accounting system process. They have 9 modes of payments both online and off-line
Payments - Real time insights into the payment flow and focus on improving convenience & security of transactions.
e-Admissions - Online admissions applications get automated
One Stop for stakeholders - Dedicated portal for students, teachers, parents. Excellent reporting and snapshot for trustees, chairman’s, principals
Parents - Help your kids
Help grow your kids with all modern tools for them to achieve best results
Communication / Messaging / Alerts- Seamless messaging and communication channel between parents, teachers, schools. Events & Payment notifications to be informed of events and reminders.
Discover courses- Discover and help develop your kids talent(s).
Partners (B2B) Management – They handle online and cash payment solutions helping with centralized fund management. They also have a fully integrated innovative financial service such as transaction settlements, reconciliation and reporting center.
Paytm is India’s largest mobile commerce platform. Paytm started by offering mobile recharge and utility bill payments and today it offers a full marketplace to consumers on its mobile apps. We have over 100mn registered users. In a short span of time Paytm has scaled to more than 60 Million orders per month. Now, Paytm eyes education sector to hit high revenue. About 25,000 campuses would be cashless, with fees, dues and canteen payments made through the mobile wallet. The mobile wallet is planning to provide a cashless alternative to payments of all kinds across schools, colleges, universities as well as premier institutions such as Indian Institutes of Technology and Indian Institutes of Management. One could buy books, stationery or uniforms using the mobile wallet. Paytm also has tie-ups with coaching centres for MBA aspirants and is also targeting coaching institutes. Paytm's network is spread across a wide ground covering a huge number of schools, colleges and institutions that have started accepting the online mode of fee payment. And they believe there lies a huge opportunity to streamline payments for institutions and students alike and hence, they are getting into tie-ups with coaching.
Revolutionizing the Education Fees Payment System in India, PayMyFees is India's first multi-utility & user-friendly online portal focused to provide a solution to millions of students & parents across India, enabling them to pay all kinds educational fees online, get admission support & information, learn about upcoming events, co-curricular activities etc. anywhere, anytime through PayMyFees - "The Revolution". PayMyFees provides a simple, efficient & user-friendly solution to all this by providing online payment of education fees anytime, anywhere using debit/credit cards or net banking facility.
Feepal is India's leading market place for educational products and services. They offer stable and state-of-art technological interventions at all the touch points in the educational institutes where financial transactions take place. Feepal also offer world class support to the end payers on behalf of the businesses and professionals associated with us. Their motto is to automate financial transactions in educational institutes and make them Simple, Speedy and Secure. Feepal has made the online fee collection very Simple, Secure and Speedy for businesses and professionals. Unlike the traditional arrangements for online payments wherein the professionals and businesses require additional investment in technology and customer services to start taking online payments, Feepal has revolutionized entire paradigm of online payment collection. Feepal provides world class technical and customer support on behalf of its partners and clients related to online transaction and settlement of accounts.