DIGITAL PAYMENT OF FEES
ECOBANK JOINS THE TRAIN AND ORANGE CAMEROON IS READMITTED.
The signing of a memorandum of understanding between the Ministry of Secondary Education, Ecobank and Orange Cameroon took place recently at the Distance Education Centre in Yaoundé.
Speaking during the solemn ceremony, Professor Nalova Lyonga, Minister of Secondary Education reiterated that the goal of the digital payment of tuition and examination fees is to ensure security, transparency and traceability in the management of these funds. She congratulated Ecobank for joining the team and urged both partners to ensure that parents and students do their payments with ease.
Madam Gwendoline Nzo-NGUTY ABUNAW, Managing Director of Ecobank explained that, “Ecobank has put forth products, particularly digital products and services that allow the collection of fees at the points of payment within secondary schools. This will give the government a clear view on the amount of fees that is being paid and give a sense of transparency to parents, students and everyone involved in the process. Hence, making sure that things are being done in the right manner. With these products and services, financial inclusion is ensured thanks to the availability of a USSD code which is being used by parents and students who do not have access to the Internet and who lack Android phones to be able to do their payments with ease.”
Orange Cameroon through its General Manager Patrick BENON said “Orange Cameroon has a service known as mobile money services and over seven million people are using it in Cameroon. Therefore, with the signing of this Memorandum of Understanding it is seven million people who will be using the service for the payment of fees. It will be beneficial to all stakeholders that is, the government, parents, and school authorities as it will facilitate the payment of fees without having to stand in long queues and ensure transparency as well as traceability of these funds.”
Ecobank joins MTN, Express Union, Campost, Afriland First Bank. Orange on its part is readmitted into the list of mobile money operators charged with the collection of tuition and examination fees in Secondary schools in Cameroon.
K. T Lois NGEK