[Johannesburg, Gauteng, 28/01/2019] – PrepaidWealth.com, a recently launched South African FinTech Startup for accumulating cash or providing discounts when data and airtime is purchased from the platform, is launching a programme that will enable schools to raise money passively from teachers and parents when they buy their personal data and airtime.
Schools will create their own group accounts separately on the PrepaidWealth.com platform. Teachers and parents will then join the group on their own or ask the school to include them. Every time the parents and teachers buy data and airtime from the platform, 80% of the margins or discounts that retailers get from data and airtime will be donated to the schools for fundraising purposes. The platform accumulates 80% of the discounts collectively from all the teachers and parents within a school group. The accumulated discounts can be withdrawn in cash once the accumulated amount is at least R200.
The discounts provided to retailers vary from 1.5% to 9.5% and therefore one can assume an average discount rate of 5%.
A school that can get 350 teachers and parents to join the school group on PrepaidWealth.com as members can raise R25,500 per year, assuming that they spend an average of R150 on data and airtime per month each.
The data and airtime provided on PrepaidWealth.com is from all mobile service providers; namely, Vodacom, MTN, CellC, Telkom, Virgin Mobile. The platform also provides prepaid electricity services as well as services from Mozambique Vodacom and Econet Mobile.
“The schools programme will unlock a passive way of raising funds for curriculum and extra curriculum activities for schools. At some schools, it might replace or complement the currently used fundraising methods” – Gabriel Nkuna, co-founder of PrepaidWealth.com
CLICK HERE to submit your press release to MyPR.co.za.
More Info on FinTech Startup launches a programme that will raise money passively from data and airtime for schools here: https://www.prepaidwealth.com
Twitter: https://twitter.com/prepaidwealth
Source: MyPR
Submit your own Press Release or get free content for your publication.
Video – How to post your Press Release on MyPR:
My Press Release (MyPR) provides free South African targeted content and press releases for on and off line publishers and media. Registering on MyPR enables public relations companies and practitioners to post articles under their own author name. Public Relations Companies and practitioners, event organisers, sports and political writers use MyPR as a distribution mechanism for their press releases, content, images and news. A forever free subscription allows publishers and media free access to all press releases, content and images on MyPR.
This press release is courtesy of WP Robot plugin – CLICK HERE to learn more about WP Robot for WordPress – a massive time and money saver.
