Author: Sekhar Rao, COO & India Lead
Everyone’s goals for personal finance seem to be changing. Is this general progress or effect of a post-pandemic world?
For sure, there were those who planned to save up for a home, wedding, travel, etc. But for many others, the main goal in 2022 is to future-proof their career by upskilling themselves with relevant certifications and courses.
This wasn’t always the case. So what changed?
- The e-learning industry saw a 900% global growth since its inception.
- In 2020, there were around 4,530 startups in the EdTech space in India alone.
The last two years accelerated the shift from traditional classroom learning to virtual, online learning. Not just for children in schools or colleges but even for working professionals. Learning and upskilling, key components for career progression, saw huge growth online.
EdTech in India: Challenges for the Learner
A lot more individuals now have access to courses where they can learn and upskill themselves for their dream job. While this has opened up a world of opportunities for learners across the country, a lot of them are unable to sign up for their desired course due to financial constraints. What also makes it overwhelming for the end-customer/learner is that there are so many options and offers both on courses and for payment options that they struggle to decide. They have to sift through the information provided by each EdTech company and find the one that has credibility in both offering and payment methods.
The Indian government has in fact brought in regulations that will help in this regard. This move has been welcomed by all responsible stakeholders who want to ensure that the end-consumer or learner is not adversely impacted.
How SavvyPay helps learners and EdTech merchants
SavvyPay aims to provide a safer, smarter, and flexible savings option to keep the ambition alive for everyone without mounting financial stress. Instead of waiting till a learner can afford the course or worse still, sign up for a credit payment or a ‘Buy Now Pay Later’ Scheme, SavvyPay offers a debt-free and stress-free payment option. Additional benefits include -
- The ability to commit to a course upfront due to ease in payment terms.
- Higher value aspirational courses are suddenly within reach.
- Exciting rewards.
It is a simple journey for the merchant and the learner as the merchants can embed the Book. Save. Buy option in the learner’s booking journey where both of them can keep a track of the payment and learning journey with nudges where required. The merchants can collect a small booking amount and reward the learner’s commitment to a particular course in discounts, free credits/additional courses at the same cost. And the best part is there are no hidden costs or penalties if there is a payment default. The learner can always catch up on payments.
Now, one can sign up for the desired course and upskill in a debt-free, stress-free environment.
Choose SavvyPay, Choose conscious financial freedom.
