E-Finance office building. Photo courtesy of Shuttering Construction Company website.
The action came as part of Egypt’s digital transformation and as part of its initiative to facilitate the provision of government services to citizens.
Under this cooperation, parents of students in all Egyptian public schools, starting from the current academic year, can pay their children’s school fees directly through an electronic platform on the internet, which is the first of its kind in the education sector in Egypt.
Public school fees can be paid using debit or credit cards.
The cooperation also includes making the payment of expenses digitally available through the Khales network of mass services for digital retail payments, which is part of the e-Finance company.
The newly launched online payment portal is a web-based solution designed to be easy to navigate and simple to use by both students and their parents. It was first pressed into service for the Thanaweya Amma Grade Appeals fees collection, when thousands of students successfully paid their fees online using their debit/credit cards in a smooth and error-free process. Currently, the portal is authorized and running, receiving the school fees for the first term of the academic year from 27 Egyptian governorates.
The online payment portal also contributes to reducing the overcrowding that takes place as students and parents wait to pay for school fees in-person, especially amid the ongoing coronavirus pandemic.
"E-Finance has assumed multiple pivotal tasks to implement the digital transformation strategy in Egypt, and today it harnesses its extensive experience in introducing Egyptian public schools within the umbrella of advanced electronic and digital services, which has become one of the most important features of government agencies in the new republic," said Chairman and Managing Director of the e-finance group for financial and digital investments Ibrahim Sarhan.
For his side, Co-founder and CEO of KlickIt Saeed Talaat stated that collaborating with the Ministry of Education has been Klicklt’s goal since the start of ITS education payment solutions.
“Now with the online payment portal up and running, parents, students, and public schools are privileged with 100 percent secured and trusted fees collection services that speed up and ease the process of paying public schools fees without having to worry about their sensitive data being leaked or stolen,” he expounded.
E-finance follows the highest international standards and approved insurance controls in all areas of digital transformation, financial inclusion, payment systems and electronic collection, and it obtained the ISO 27001 international certificate in 2021 for the tenth year in a row.
To date, KlickIt is the partner of choice for over 55,000 educational entities, including prominent institutions as well as schools and nurseries, with more than 500 million EGP of successfully processed payment transactions.
Besides the recent collaboration with the Ministry of Education, the company has its sights set on working with different banks locally and regionally. Indeed, recently, it announced its partnership with Banque Misr to be the payment management arm for the education space in the region.