Paymentology joins forces with Sticitt to build financial toolkit for South African children

Sticitt is on a mission to help raise a generation of South African children with healthy financial habits from Schools with a strong financial foundation. This collaboration aims to revolutionise how schools handle finances and how children establish healthy money habits from a young age.

At the forefront of transforming the South African School payments landscape, Sticitt is enabling schools to increase revenue generated from parents and the wider community while automating payment reconciliations and reporting. The platform simplifies the process of making school-related payments for parents, learners, and visitors, thereby increasing possible School revenue and reducing Schools’ finance administration burdens. Schools benefit from more efficient financial operations, allowing them to focus on their core mission: providing vibrant learning environments.

In addition to streamlining school payments, Sticitt offers parents a practical tool to teach their children six healthy money habits through basic everyday actions (Earn through doing, Spend wisely, Plan and Budget carefully, Save for tomorrow, Invest for the future, Share for collective success). By facilitating the disbursement of funds to children, Sticitt empowers kids to take control over their financial affairs under parental supervision, fostering the development of crucial financial habits needed for lifelong success.

With over two decades of dedicated payment experience and expertise, Paymentology plays a key role in this initiative by providing its next-generation payment technology. Through Sticitt’s Mastercard solution, enabled by Paymentology, children can now transact at any merchant, gaining real-world experience in managing money responsibly one transaction at a time.

Theo Kitshoff Co-Founder and CEO, at Sticitt commented: “Paymentology recognised the future we’re building at Sticitt and eagerly joined forces with us to help realise this vision. When selecting a partner, it was crucial to choose one that was willing to push the envelope and collaborate to make our offering a reality. Paymentology stood out not only because of their innovative approach but also because they went the extra mile to make it happen. Their commitment to our vision was compelling, and their tailored approach to product development was exactly what we needed to bring our solution to life.”

Drisha Kirkman, Head of Programme Management and Sustainability at Paymentology added: “We were drawn to Sticitt because of its core values centred around financial education. Sticitt’s vision aligns with our own commitment to empowering individuals with the tools they need for financial success. By helping to create a generation of financially equipped individuals, Sticitt is paving the way for children to pursue their true passions in life. We’re excited to be part of this journey in South Africa and look forward to expanding this model to other regions.”

Through this partnership, Paymentology and Sticitt are setting the stage for a brighter financial future for South Africa’s youth, one that will have a lasting impact beyond the classroom.