Sunday, 12 June 2022 | PNS | Dehradun
Edu-fintech startup Financepeer has unveiled a UVA card powered by Visa. Financepeer UVA card programme will be a numberless prepaid photo ID card for students, parents and institutes to make day-to-day transactions easy and hassle-free.
UVA card, technologically backed by Visa, is an innovative approach to digitising the financial system in educational institutes across India. The programme intends to create cash-free campuses by enabling the institutes, parents and students to pay and receive fees, withdraw cash, do e-commerce transactions and be able to make payments at any retail outlets that use point of sale (POS) terminals.
CEO and founder of Financepeer, Rohit Gajbhiye said, “We are working towards bringing a revolution in edu-fintech space through technology and simultaneously creating impact at the bottom of the pyramid, via increasing access to quality education. To make electronic payments safer and hassle-free for our students, these Visa cards have been designed with EMV chips.”Visa India Business Development head Sujai Raina said, “We are committed to expanding financial access and inclusion across diverse demographics. We are happy to collaborate with Financepeer as they launch the UVA card, an innovative, prepaid card solution that not just works as a photo ID and payment instrument but aids financial discipline.”