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Fee Automation

The flurry of activity seen in most schools, colleges and universities during fee payment periods, is a testimony to the fact that fee payment is a prime candidate for automation. Making reports for paid fees, identifying due fees, sending reminders and following up, all should be done in the click of a button. Besides, parents find it extremeley annoying to take out time from their busy schedules and stand in queues to make fee payments.

Payments automation has not been popular amongst institutions in Bangladesh due to high cost of payment gateway integration, high transaction cost and poor internet infrastruture. To make things worse, a vast majority of the population is un-banked or under-banked. Most of those who have a bank account, do not have access to debit/credit cards that are accepted in POS/payment gateways.

Borno has solved these problems once and for all. Borno automates payments through mobile banking. This means, people with no formal bank account, no internet access can pay using their mobile account from anywhere, anytime. All they need is a mobile phone!

Institutions incur no extra cost for fee processing and payments go straight into their bank accounts. Using Borno's unique finance module, institutions can pull transactions from the bank and synchronize fee information - staying on top of the finance management, produce all relevant reports including paid fees, due fees, send notifications and much more.