MCC Banking has introduced an innovative digital platform designed to transform school payment management, making it easier for educational institutions and families to conduct transactions securely, quickly, and without the need for cash. This initiative responds to the growing need to optimize administrative efficiency and combat school dropout rates, a problem highlighted in the “Education Finance Watch” report prepared by the World Bank and UNESCO.
Peter Van Louse, Vice President of MCC Banking, stated that this tool centralizes educational financial management, emphasizing that “with this platform, we aim to simplify access to education, allowing parents and schools to focus on what matters most: learning.” The automation of payments aims to reduce errors, save time, and ensure complete security in transactions.
The platform features various functionalities, including integration with academic and accounting systems, automatic payment reminders, and multiple payment methods such as cards and digital wallets. Additionally, it provides real-time financial reports, all through an interface optimized for different devices, ensuring a 100% digital experience from enrollment to receipt issuance. This approach also helps reduce paper usage and facilitates cash management, improving the traceability of each transaction.
In its initial phase, the platform has already been implemented in over 200 educational centers in Colombia, Peru, and Kenya. The results have been encouraging, with a 40% reduction in the delinquency rate and a user satisfaction index reaching 94%. These positive metrics suggest an upcoming expansion into new educational markets in the second half of the year.
“At MCC Banking, we are supporting communities that invest in the future. Education is a priority, and facilitating its funding is part of our global mission,” concluded Van Louse.
As a global financial institution, MCC Banking focuses on leading the digital transformation in banking services, promoting access to smart financial solutions. Through its constant commitment to innovation, it aims to empower entrepreneurs, families, and institutions with tools that foster sustainable economic development.
Source: MiMub in Spanish
