India’s education sector is booming. By 2025, the ed-tech market will reach 37 million paying users, valued at $10.4 billion, according to a Times of India report.
But it’s not just online learning platforms & mobile learning apps that’s on the rise. A recent analysis by Crisil Ratings states, traditional schools and colleges are also expecting their revenue to rise by 12 to 14 percent this year.
More students are enrolling, and there’s a big demand for new courses. With millions investing in personal growth, education businesses have a chance to grow with them.
Tap into this potential, using advanced payment technologies.
So, how can paying for education be made as easy as learning itself. Let’s dive in.
Understanding the Challenges in Education Payments
Affordability Issues: High upfront costs for courses often push potential students to delay or abandon purchasing.
Rigid Payment Options: Limited payment flexibility makes it hard for learners to pay in a way that works for their budget.
Complex Processes: Confusing subscription renewals often cause students to miss deadlines, leaving their courses incomplete.
Hidden Fees: Sometimes, unexpected fees pop up during the payment process, leaving students with more costs than they anticipated.
Access to Payment Methods: Not every student has easy access to credit cards or online bank transfers, limiting their payment choices.
Lack of Offers and Discounts: Many students hold off on purchasing courses, waiting for offers or discounts to make them more affordable.
These barriers don’t just hold back students from learning but also affect education businesses by decreasing enrollments and retention rates. Students and parents are looking for hassle free education payments that make learning easily accessible.
Imagine empowering your students to upskill without the burden of high upfront costs. PayU offers smarter payment solutions for smarter education.
PayU’s Solution to Make Education Payments Simpler
1. Affordable Payment Plans
With PayU’s Affordability Suite, students pay for courses in small, flexible EMIs, boosting enrollments with easy and no-cost EMI & BNPL options.
2. Hassle-Free Recurring Payments
With PayU’s recurring payment solutions, never miss education payments with automatic subscription renewals.
3. Multiple Payment Methods
With PayU’s payment gateway, offer 150+ payment options, including cards, wallets, and UPI, for quick and flexible transactions.
4. Pay via WhatsApp:
With PayU Whatsapp commerce, make education payments convenient, where parents and students can chat, explore courses, and pay all in one place.
5. Custom Offers & Discounts
With PayU Offer Engine, attract more students with offers that are customized to meet their specific needs.
Unlock Growth with Smart Education Payments
With these PayU products, you can make education not only accessible but also affordable while scaling your education business.
Are you ready to make education payments smarter and grow your education business?
Get started with PayU today and make education accessible, affordable, and efficient for everyone.
