Nuvei and Esenda Team on Tuition Fee Collection Platform

Nuvei and Esenda have joined forces to unveil a digital tuition fee collection platform.

The partnership, announced Monday (Oct. 16), combines Nuvei’s payments technology with Esenda’s fee management platform. 

“Consumer expectations have changed when it comes to the convenience of making payments online in all areas of their lives, and education providers cannot afford to fall behind,” Nuvei Chair and CEO Philip Fayer said in a news release.

“Enabling education providers to upgrade their student experience by making tuition and day-to-day payments simple and convenient is a great example of the role payments can play in building customer relationships in any sector,” Fayer added.

According to the release, the platform lets students make payments for tuition fees, extra-curricular activities, and other school fees. It also lets education providers offer “every relevant global alternative payment method to its students and their families, no matter where they are located.”

The companies said the partnership has gone live with one of the largest educational providers in Dubai, letting that school accept global payments, including card payments from all the region’s major issuers, online for the first time.

The launch is happening at a time when there is a considerable need for schools to interact with students to cement payment plans and educate them on options, as shown in “The Automated Campus: Enabling the Future of Higher Education,” a joint effort between PYMNTS and American Express.

That report found that 67% of students say that managing payments — and making them — are among the most important features they’re looking for in campus automation.

Meanwhile, there have been a number of recent announcements showcasing the use of technology to streamline and improve the tuition payments process, especially in complex international settings, where multiple currencies might be in play.

For example, this summer saw Flutterwave debut a tool that lets African users conveniently pay fees to schools within Africa and overseas using their local currencies.

“Elsewhere, Flywire and Tencent Financial Technology said they were working together to leverage digital wallet Weixin Pay (WeChat Pay) to enable international payments,” PYMNTS wrote. “Flywire, for its part, said this week that in general, adoption of installment plans is significant if those plans are on offer. Eighty percent of students, the company has said, indicated that the option to pay for their education in installments would enable them to “better afford” their education expenses.”