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February 18, 2022, 3:18 pm
Fiji News

Tertiary scholarships and loans service (TSLS) renews agreement with Vodafone on M-PAISA for students allowance payment

Fiji One News Team
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The Acting Chief Executive Officer for Tertiary Scholarships and Loans Service, Dr. Hasmukh Lal said “We are not a crossroad but leapt forward in terms of embedding digital solutions in professional and personal lives”.
The last agreement was signed in 2018 which saw TSLS sponsored and funded students receiving allowances through M-Paisa. He highlighted that so far TSLS has disbursed around $32million of money through M-Paisa in last 4 years. On annual basis, around 4,000 students are paid their allowance through m-paisa totaling $8 million.
Dr. Lal said that in 2021, the Board of TSLS sanctioned a review on policies and operations to bring about transformations as part of continuous improvement plans. Through the consultations, student associations strongly recommended that TSLS to expand its service delivery through digital means. Tertiary Scholarships and Loans Service is committed to expand service delivery through digital means and m-paisa platform is one of the many avenues TSLS is using for reliable and convenient service to the students.
Convivence is a buzz word in industry 4.0 and tertiary students wants to be trendy. They want to be up to date with everything including how they pay for goods and services. They want to do cashless transaction and m-paisa is one such platform TSLS is partnering with Vodafone for the convenience of the students. One of the reasons why we introduced this platform is because not all TSLS eligible higher education institutions are in close proximity to the banks and therefore students are able to withdraw cash through m-paisa agents in shops or make direct purchase through QR Pay. M-Paisa provides remote payment options to students for WAF and EFL bills, particularly those who are renting.
This saves valuable time for students. Year on year there has been very significant growth in the number of students opting to receive their allowance through m-paisa platform. Finally, M-Paisa is driving the cashless revolution in the country because it offers greater convenience and a safer payment option for the students. Dr. Lal said that TSLS is proud to continue partnership with M-Paisa


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