The Business Bytes
TBB BUREAU
MUMBAI, JUNE 9, 2022
With an aim to achieve cash-free campuses, Financepeer, one of India’s leading edu-fintech startups has unveiled its latest offering – the UVA Card, powered by Visa. Financepeer UVA Card Program will be their 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 digitizing the financial system in educational institutes across India. The program 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 effortlessly at retail outlets that use point of sale (POS) terminals. UVA Card helps in getting extended credits, makes hassle-free payments, and teaches the youth to save and spend money wisely, besides offering various rewards and discounts.
“We are launching a numberless dual interface product which is a photo ID card to make cashless transactions easy for students, parents and institutes with just a tap. To make electronic payments safer and hassle-free for our students, these Visa cards have been designed with EMV chips,” said Rohit Gajbhiye, CEO & Founder of Financepeer.
