Mastercard Takes Hong Kong’s Education Sector into New Milestone Through Integrated EduTech and FinTech Platform

  Helena Chen (left) , managing director, Hong Kong and Macau, Mastercard, and Adam Chan (right), co-founder and CEO, GRWTH, shared about bringing hassle-free, fast, safe, and convenient cashless payments experience to schools and parents through a seamless FinTech and EduTech platform, pushing forward the development of Hong Kong as a smart city.
Helena Chen (left) , managing director, Hong Kong and Macau, Mastercard, and Adam Chan (right), co-founder and CEO, GRWTH, shared about bringing hassle-free, fast, safe, and convenient cashless payments experience to schools and parents through a seamless FinTech and EduTech platform, pushing forward the development of Hong Kong as a smart city.

Hong Kong, October 4, 2018 – Mastercard is bringing cashless payments to Hong Kong’s education sector through a seamless FinTech and EduTech platform, which enables the city’s first-ever integrated education app with multiple in-app digital payments.

Through an exclusive partnership with local education app developer GRWTH, Mastercard will bring hassle-free, fast, safe, and convenient cashless payments experience to schools and parents. The enhanced app integrates digital payments, account reconciliation, student profiles, home-school communication, as well as school administration into one single platform.

The partnership addresses the pain points faced by parents in daily school payments situations, such as spending a lot of time preparing cash or issuing checks, keeping track of expenses that are often paid in small amounts, and students missing out opportunities to join school activities due to losing cash or checks. All school expenses can be settled via the in-app digital payments function, thereby eliminating the need to deal with cumbersome cash or checks. Parents can also easily track their school payments anytime, anywhere, giving them greater peace of mind.

Schools also benefit from saving massive administrative time and costs that come with handling the complex payment procedures. Teachers can also save time spent during class manually collecting payments from students. The app offers an exclusive backend reconciliation system, which provides a direct and convenient way to keep track of payments. This includes simplifying reconciliation procedures via transaction categorization and real-time transaction tracking as well as report generation. It relieves the pressure for schools in handling school expenses, allowing more quality teaching time.

“We are proud to partner with Mastercard to attain our goal of enriching the life of our children through technology. GRWTH links up students, school administrators and parents and provide them with powerful and innovative tools for better home-school communication and organization,” said Adam Chan, co-founder and CEO, GRWTH. “By connecting the education, finance and technology sectors, we aspire to push forward the development of digital payments in Hong Kong.”

“We are excited to turn a new chapter for the Hong Kong education sector. By bringing together EduTech and FinTech, Mastercard aspires to alleviate the pressure of handling large amounts of cash and checks for schools and parents, not only by providing them with fast, safe and convenient cashless payments experiences but also by helping them devote more time and energy into students’ growth and development,” said Helena Chen, managing director, Hong Kong and Macau, Mastercard. “Through Mastercard’s technology, we can truly lay the foundations for the future of our next generation, and push forward the development of Hong Kong as a smart city.”

  Helena Chen (left), managing director, Hong Kong and Macau, Mastercard, and Adam Chan (right), co-founder and CEO, GRWTH, announced the partnership to bring cashless payments to Hong Kong’s education sector through the city’s first-ever integrated education app with multiple in-app digital payments.
Helena Chen (left), managing director, Hong Kong and Macau, Mastercard, and Adam Chan (right), co-founder and CEO, GRWTH, announced the partnership to bring cashless payments to Hong Kong’s education sector through the city’s first-ever integrated education app with multiple in-app digital payments.

As the exclusive partner, Mastercard provides a one-click, secure digital payments solution. Parents simply need to store their Mastercard card details only once to enjoy the seamless, one-click experience for all future payments. To provide even more convenience, the new in-app payments service is not only available for Mastercard credit and debit cardholders, but also to Mastercard prepaid cardholders. With the world’s fastest and most reliable global payments network, Mastercard cardholders can enjoy the same robust, multi-layered security protections that comes with paying with a Mastercard.

GRWTH has recently launched the service to 10 schools in Hong Kong as part of a pilot program* and plans to gradually expand the service to all kindergartens, primary and secondary schools in Hong Kong.

“Our school aspires to bring changes to the education sector by leveraging technology and innovation. We are excited to be one of the 10 pilot schools to introduce a cashless payments option for parents,” said Chu Tsz Wing, chief principal, St. Hilary’s Primary School & VNSAA ST. HILARY’S SCHOOL.

Apart from its in-app payment function, the GRWTH app includes tools for home-school communication and school administration, and will soon integrate the ability to pay vendors such as extra-curricular activities and school service providers, allowing parents to make instant and direct payment. The “GRWTH Community” is made up of over 100 NGOs and commercial organizations in Hong Kong. Parents can choose personalized extra-curricular activities for their children based on the multi-intelligence analysis function in the app’s talent pool. The GRWTH app is available for free download via Apple App Store and Google Play Store.

  GRWTH has recently launched the service to 10 schools in Hong Kong as part of a pilot program and plans to gradually expand the service to all kindergartens, primary and secondary schools in Hong Kong. Pictured: Helena Chen (third left, front row), managing director, Hong Kong and Macau, Mastercard, Adam Chan (third right, front row), co-founder and CEO, GRWTH, and principals of the 10 pilot schools.
GRWTH has recently launched the service to 10 schools in Hong Kong as part of a pilot program and plans to gradually expand the service to all kindergartens, primary and secondary schools in Hong Kong. Pictured: Helena Chen (third left, front row), managing director, Hong Kong and Macau, Mastercard, Adam Chan (third right, front row), co-founder and CEO, GRWTH, and principals of the 10 pilot schools.

* The 10 pilot schools are:

  • Buddhist Lim Kim Tian Memorial Primary School

  • Buddhist Wing Yan School

  • ELCHK Ma On Shan Lutheran Primary School

  • Fung Kai No.1 Primary School

  • Gloria Creative Kindergarten and Gloria Creative Kindergarten (Sheung Shui)

  • Lok Sin Tong Leung Wong Wai Fong Memorial School

  • N.T.W.J.W.A. LTD. Leung Sing Tak Primary School

  • St. Edward’s Catholic Primary School

  • St. Hilary’s Primary School and VNSAA ST. HILARY’S SCHOOL

  • The ELCHK Wo Che Lutheran School

About Mastercard Mastercard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. Our global payments processing network connects consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. Mastercard products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MastercardAP, join the discussion on the Beyond the Transaction Blog and subscribe for the latest news on the Engagement Bureau.

Contacts: Vicky Lo, (852) 2533 9940 / 9886 0423, vlo@webershandwick.com Ernest Lau, (852) 2533 9965 / 6103 2510, elau@webershandwick.com

SHARE THIS STORY

Share on facebook
Share on twitter
Share on linkedin
Share on email

RELATED POSTS

How To Tap into YouTube As A Small Business Owner

How To Tap into YouTube As A Small Business Owner

Business owners often struggle with boosting website traffic, lowering their bounce rate and converting followers into paying customers. However, many are unaware of the great potential offered by YouTube. Since its launch in 2005, YouTube has established itself as a world-renowned platform for modern media. As per Alexa’s global ranking, YouTube is the second most trafficked website in the world.

Smart Home Gadgets You Need to Try in 2023

Smart Home Gadgets You Need to Try in 2023

Revolutionize the way you live with smart home devices! The smart home industry is booming and for good reason. With the advancements in technology, there are now numerous gadgets and devices available to make your home not only smarter and more convenient but also safer and more energy-efficient.

What-Led-to-Balenciaga’s-Recent-Scandal

What Led to Balenciaga’s Recent Scandal?

If you are attuned to the fashion world, you would have heard that Balenciaga has been canceled. This was a result of the problematic advertisements they released in November 2022. These ads featured imagery related to child sexual abuse, showed BDSM motifs in ads featuring children and a whole lot more.

Top 5 Clothing Items That Are Contributing to Skims’ Net Worth

Top 5 Clothing Items That Are Contributing to Skims’ Net Worth

In 2022, American media personality Kim Kardashian’s shapewear brand Skims reached a market capitalization of US$3.2 billion. This massive net worth is a byproduct of a lot of factors, such as Kim’s popularity, the brand’s inclusive size range and adaptability (as we saw during the pandemic) to name a few.

5 Companies That Have Already Announced Job Cuts This Year

Layoffs in 2023: 5 Companies That Have Already Announced Job Cuts This Year

The layoff spree at tech giants is bleeding into a new year. It has been just three weeks since we entered 2023, yet the media is buzzing with disturbing numbers about people being laid off by tech companies: At least 104 tech companies let go more than 26,000 employees. This means, more than 1,600 tech employees were dismissed per day in the past couple of weeks. Let’s take a look at the top tech companies that are laying off aggressively.

Goblin Mode

Decoding the World’s Obsession with “Goblin Mode”

Do you find yourself struggling to maintain a positive and productive attitude at work? Are you becoming increasingly irritable or disengaged from constantly feeling overwhelmed and stressed? If so, you’re not alone. Many people experience this state of mind, and some turn on their ‌ “goblin mode” to cope with it. The term “goblin mode” gained popularity in February 2022