Alipay hands-on school to release education payment solutions

Alipay hands-on school to release education payment solutions

Yesterday, Alipay and Beijing Yuming's “Easy to Receive” jointly issued a solution for primary and secondary school and kindergarten education payment. After the school accesses the “school-acceptable” system, parents can complete the online collection of tuition and fees through Alipay. In May of this year, the “school is easy to accept” has been launched, and the first round of water testing was completed in the market.

It is reported that at present, schools generally lack a collection management system with perfect functions and convenient operation. There are 220,000 kindergartens in China, and 260,000 primary and secondary schools still face the problem of collecting fees. There are generally four ways to pay for traditional education: cash, POS, bank transfer, WeChat, and Alipay. There are long-term problems, slow fees, difficult reconciliation, and high fees. For parents, cash payment is inconvenient and unsafe; POS machines need to be processed on-site; bank deductions must open designated bank cards, which is not flexible enough; payment notifications are not convenient to receive and remind, and historical bills are not available after payment.

With the advent of the mobile payment era, education online payment has become a new hotspot. In 2016, Beijing Zhongming and Alipay signed a joint agreement with the primary and secondary school service platform, and became a partner of Alipay's primary and secondary education platform. Alipay directly contacts users, and Beijing Yiming provides underlying technology construction services and recruitment of third-party partners, and the two parties jointly promote the products.

Alipay hands-on school to release education payment solutions

In May 2017, the K12 education payment product developed by Beijing Yuming was officially launched, and the one-click collection fee for campus was based on Alipay. The school is easy to receive for the parents and students from payment reminders, billing inquiries to online payment of one-stop service, parents through the Alipay client's "primary and secondary school" module can pay tuition and fees at any time. The school is easy to use, and there is no handling fee. The reconciliation can be completed online, saving manpower and avoiding counterfeit money. The school creates, sends and manages the bill through the school's official website. Parents can receive the payment information on the homepage of the Alipay app. The kindergarten can receive the full school tuition in one day.

Alipay hands-on school to release education payment solutions

As of July 6, only 45 days on the line, the school has covered nearly 1,000 kindergartens and primary and secondary schools, and the bill size has exceeded one billion. In the future, Alipay's primary and secondary school service platform will attract more partners to settle in the “education payment” function, covering more K12 education service scenarios, and relying on Alipay to launch B-side and C-end financial services.

Alipay hands-on school to release education payment solutions

Wang Bo, general manager of Ant Financial and Innovation Services, said that Ant Financial is focused on an open platform for business and finance – opening up capabilities to various industries and helping the Internet. Its Alipay has already been involved in the field of education and public welfare, such as "ant forest", "love donation" and so on. In the field of education services, Alipay adheres to the “open platform” strategy. In addition to the “campus work” section that has been launched for colleges and universities, the newly launched “primary and middle school” section is cut into the campus to help realize a cashless campus. In addition, Ant Financial has also cooperated with homes such as Smart Tree and Palm Home. In the future, it will cooperate with more and more third-party partners to open up and export its financial services capabilities.

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