The A.B.U Microfinace Bank School Collect Wallet (The ABUMFB SCW) is a payment solution that gives each student or parent an opportunity to make seamless deposits into a designated e-Wallet solely for the purpose of school fees payment.
This was conceived to ameliorate the challenges faced by students during registrations and other fees payment. The ABUMFB SCW seeks to address amongst others, time spent on the long queues at banks and long waiting period to get payment activated on the University portal.
The ABUMFB SCW puts the student in control, as the student can make deposits and initiate payment remotely at their convenience.
Process flow
The steps are as follow:
- Must be an active student Visit the ABU student portal
- Click on create wallet icon on the dashboard
- Accept the terms and conditions A 10-digit unique wallet ID is generated
- Proceed to make deposit via transfer from any mobile banking app. using the wallet ID as Accomo Number and ABU Microfinance Bank as Bank to effect
- Wallet is activated with first deposit
- Clickpay with wallet to make instant payment for registration, accommodation and other ABU related fees when due
ABU Students, parents and guardian can now make periodic deposits into the ABUMFB SCW to save for the next school fees payment. The process is secured, seamless and simple.
Benefits
- Instant Payment Activation
- Allows saving towards fees payment
- Encourages prudence Ensures payment security
This product is in collaboration with the University stakeholders and A.B.U Microfinance Bank.
