The International Schools Partnership (ISP), a growing group of international private schools around the world, has joined hands with Postpay, a Buy-Now-Pay-Later (BNPL) fintech service provider that makes payments hassle-free and interest-free, to support parents with Tuition fee payments. Aimed at improving flexibility and budget management, ISP’s collaboration with Postpay creates actual value for parents at ISP Schools by providing a tuition fee payment option that is secure, easy to use and offers them the flexibility to pay in interest-free instalments.
Postpay aims to transform the existing retail status quo by offering straightforward and accessible financial products to its customers, who are at the core of its offering, while simultaneously creating actual value for the retail merchants. Under the partnership with ISP, Postpay will pay the total invoice amount to the school, and families will repay the amount to PostPay in easy, interest-free instalments.
Announcing the partnership, Bharat Mansukhani, Divisional CEO for ISP Middle East and Europe, said:
As a responsive education provider, the collaboration with Postpay is in line with our goal of supporting parents that choose our schools to provide their children with a high-quality, learning focused education.
Across the ISP community in the UAE, parents can now avail of flexible and convenient payment plans to suit their budgets, enabling them to pay tuition fees in instalments throughout the academic year. As our partner in their child’s education, we hope this option is a tool that supports our parent community with their budget management.
Founded by an experienced team of committed educationalists and operators who have worked together for many years. ISP has expanded to over 70 schools delivering multiple curricula and building on local brands and reputations with around 61,000 students and 9,000 staff across 20 countries. Its growing group of private schools is located in the USA, Canada, Italy, Spain, Switzerland, the UK, Chile, Colombia, Costa Rica, Ecuador, the United Arab Emirates, Qatar, Malaysia, Mexico and Peru.
ISP Schools in the UAE include The Aquila School, Nibras International School, Star International School, Al Twar, and Star International School, Mirdif in Dubai; Aspen Heights British School and Reach British School in Abu Dhabi.
Founder & CEO of Postpay, Tariq Sheikh, commented:
Postpay’s collaboration with the International Schools Partnership brings immense value to parents by empowering them with the flexibility to pay later for tuition fees. We understand the importance of financial freedom, and our collaboration provides parents with a convenient and interest-free payment solution. By allowing parents to spread out their payments, we aim to alleviate financial burdens and ensure that families can provide their children with a high-quality education without compromising their financial well-being.
ISP’s vision is to be the leading international school group of quality and scale, with schools of choice recognised across local communities and the global education sector for excellent learning, ambition and growth.
Postpay allows customers to seamlessly split their online payments into three equal parts without leaving their online basket. The first instalment is processed immediately, and the customer receives their product as usual. The two remaining instalments are due every month after that. Most importantly, the customer pays nothing more than the amount they were paying for their purchases, that is, no interest and no fees, as long as all repayments are made on time.