How to grow your money app with parents paying school fees
By SendPay Business · · 2 min read
In many places, parents pay school fees each term, often in cash or by queuing at a bank. Saving up for a large bill is hard, and schools spend time chasing late payments. A money app that makes this easier can win both parents and schools.
Talk to parents and schools
Ask parents and school staff:
- How are school fees paid today?
- How do parents save up before the term starts?
- How much time does the school spend chasing fees?
- What proof of payment does the school need?
Help parents save a little at a time
Putting aside small amounts each week is easier than finding the whole fee at once. A simple way to set money aside for the next term can make your app part of family life.
Make paying the school easy
A clear payment with the child's name and a receipt saves parents a trip and saves the school paperwork. Show every fee before the parent pays.
Grow school by school
One school that recommends your app to its parents can bring hundreds of families. Start with one school, make it work well, then ask for an introduction to the next.
Build it
Create your own financial platform.
Pick a template, name it, brand it, preview every page before you pay. Your brand, your users, your fees.
Build my platform →Questions people ask
How do I help families save together?
The savings groups guide covers how people already save together and how an app can help.
Savings groups →How should I show my fees?
The fees page guide covers explaining what you charge in plain words.
Plain fees page →Can I call it a bank?
In most countries "bank" is a protected word you can only use with a banking licence. Call it an account, a wallet, an app or a platform. The accounts and payments behind a SendPay Business platform are powered by licensed partners.
Is there a step-by-step plan I can follow?
Yes. The free launch checklist takes you from picking your people and naming your app to setting fees, going live and winning your first ten customers.
Digital bank app launch checklist →How do I start?
Pick a template, name it and preview every page before you pay. Your platform can be live on your own domain within 24 hours of confirmation.
Build my platform →Read next
This guide is general information, not legal or financial advice. SendPay Business is a technology company, not a bank, and does not take deposits; regulated services on the platforms are provided by licensed partners. PayPal, Patreon and Substack are named as reference points only and are not affiliated with SendPay Business.