For
students
The FundiCard is like a debit card, but with various pockets to manage your spending on and off campus. The pockets ensure you do not overspend and still have money for textbooks, accommodation, food and study tools.
The card gives you access to funds that your funder has allocated to you. The funds in the card are split into different categories called pockets. These pockets are divided into books, food, accommodation, tuition etc. Each pocket has a set amount allocated by your funder. Example R1000 for food, R1200 for books, etc. The amount you have in your pocket is dependent on your funder. You can only use the funds in each pocket to buy things related to that pocket. You can use your FundiCard to pay at our Fundi Partner Merchant stores, look out for Fundi posters around campus.
When cash allowances are allocated to you, we will need your banking details to make a payment. Click here for instructions to upload banking details (See the pdf on uploading banking details).
You can pay your accommodation by swiping at their on-site terminal or you can pay via USSD. Click here for instructions to pay via USSD or with a virtual card. (See the pdf on FundiCard Communication).
Existing FundiCard Users Click here to check statements, upload banking details to access allowances and more >>>
Go to FundiCard Portal
For
Institutions
& Corporates
Our innovative FundiCard, lets you control how student allowances are spent. This gives you access to fund allocations and a reporting dashboard that offers peace of mind that funds are disbursed and spent correctly.
Fundi has developed an integrated and robust pocket technology system that allows for direct payment of fees as well as additional monthly cash stipends for students. Funding can also be allocated to certain pockets so that students can spend the allocated funds on approved goods.
Our innovative, cashless payment technology is trusted by educational institutions, corporates and over 2570 retail outlets. The FundiCard is like a debit card, but with various pockets to manage spending on and off campus. The pockets ensure students do not overspend and still have money for textbooks, accommodation, food and study tools. Students can use the FundiCard to swipe for textbooks, accommodation, food and study tools. Some of our retail partners include, Shoprite, Checkers, PicknPay, selected Spar outlets, Nando’s, Gallitos, KFC and more.
Let us partner with you and your company or institution to provide secure and transparent Bursary Fund Administration.
Contact Us
For
Merchants
WHAT IS FUNDICARD?
Fundi provides a solution that enables students to purchase items, on and off campus, without having to use cash or a bank card. Institutions, sponsors, and bursary fund administrators can allocate funds intended for specific items such as accommodation, food and stationery or textbooks to specific pockets to make sure that funding is spent as intended.
WHAT KIND OF MERCHANTS CAN APPLY?
FundiCard is used by selected and approved food, accommodation and academic book merchants. Below are the requirements that merchants should meet before partnering up with Fundi.
All Merchants
- The merchant must be approved and mandated by the relevant Fundi contracted funding institution before Fundi can supply a contract.
- The merchant needs to have a South African business bank account.
- The merchant’s premises need to be near the relevant funding institution or place of residence of funded students or area with a significant number of funded students.
- The merchant’s premises need to be utilised 100% for the business related to the pocket. A normal residential building cannot be used as a shop.
- The merchant needs to be a South African registered company, citizen or, if a foreign national, the merchant needs to have a valid Business Visa or Financially Independent Permit as issued by the Department of Home Affairs.
Food Merchants
- The merchant needs to have a valid Certificate of Compliance or Health Certificate as issued by the relevant municipality.
- The Merchant must sell food as its main business activity.
- The merchant is not allowed to sell alcohol to students using the FundiCard
Books and Stationery Merchants
- The merchant must generally sell books and/or stationery as its main business activity (at least 80% of turnover).
Accommodation Merchant
- The merchant must be approved and mandated by the relevant Fundi contracted funding institution
Download PDF
Interested merchants should contact Fundi on merchants@fundi.co.za