How UPI payments are dominating the online fee payment game ?
Inventory Management
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2 Nov 2022
UPI payments is an instant real-time system for payments that facilitates peer-to-peer and person-to-merchant transactions. Instant online payments help people to pay without any obstruction and thus UPI payments are prioritised
Nobody is that free to pay fees by standing in queues. For helping people pay without spending much time, in just a few clicks. It made people more engaged in online payment apps and those instant notifications or message alerts
Quickest and Easiest payments with OKIEDOKIE
Okie Dokie is providing one of the quickest and easiest ways for paying fees online.
A customised way of payment gateway for ensuring the payers with minimal time and payment in just a few clicks. UPI is designed as a highly beneficial way of paying any type of payment online. While making a comparison with the other payment modes, UPI proves to pay the payments in a hassle-free manner and reduces friction for parents and schools. This further helps in implying a higher transaction success rate. For the diverse fee payment, there have emerged many offerings for UPI payments. There is an excellent example of UPI apps like Paytm, Google Pay, and PhonePe. The institutes are provided with a payment gateway to collect the fee payment without any obstruction. The primary advantage that UPI provides is that there are no third-party interventions and this is merely exclusive for those institutes having a bulk volume of transactions or payments
Features of UPI Payment Gateway
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Faster and Hassle-free integrations
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More success rates due to the linkage of banks
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Better operational support
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User-friendly dashboard
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Detailed reports
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Automatically reconcile pending and failed transactions
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Various integrating options
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Educational institutes have to keep a proper record of all the payments daily and it's quite a tough task if done manually. The institutes for adding up as a UPI feature, are opting for the online fees payment software so that they can avail the benefits that are offered with the online fees payment software. Choosing a smart choice for financial longevity and feasibility, institutes are opting for it irrespective of the campus size they are having. They are getting smarter with the advancement in technology and with having more accuracy, they are generating more revenue inflow without incurring extra charges. Thus, easing the process of fee collection for the institutes and parents, making it easier to track the fees status. The data can be easily accessed, anywhere, anytime and once this software is deployed, one can easily integrate the other modules like transportation management, canteen management, library management, and many more.
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With the implementation of online fee payment software, the institutes get the following advantages
A highly secured database with restricted role-based access control for a multi-user environment and resulting in little to no discrepancies. Thus, seamless transactions, full of transparency, and Fee status can easily be checked and payment alerts if any fees are pending. For the management, instantly generates fee reports and provides tailored features as per the requirements of the institutes. Sends real-time notifications and maintains students' profiles securely. Also, Accounts management can be done comprehensively and possess a user-friendly and intuitive dashboard
Conclusion :-
The institutes with the innovation want to adopt a system that can help them eliminate their manual transactions and can make it easy for parents to pay fees online without any trouble. Thus, for such a purpose, online fee payment software is opting in almost every institute
OkieDokie, a software company offers a well performing software for the educational institutions in India. For parents,quicker online payments rather than wasting time in queues, For institutes, the ERP solutions. Making every task simplified and easy with OkieDokie.
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