Zainab Abioye
A group of young Nigerian innovators is changing the way students pay institutional fees, with their digital platform, KwestPay, recording more than 7,000 successful transactions within its first year of operation.
The platform was developed to address the difficulties students often encounter while paying campus-related fees, including long queues at banks, unreliable banking applications, complicated payment processes and the loss of physical receipts.
KwestPay, according to its Chief Executive Officer, Oluwakoyejo Oyewole, was conceived as a digital payment solution tailored specifically to the needs of students.
Oyewole, who spoke during an interview to mark the platform’s first anniversary, said the product had evolved from an idea into what he described as an essential campus utility within one year.
He said the platform was designed to make payments for Student Union Government dues, faculty fees, departmental charges, college levies and other institutional obligations faster, easier and more verifiable.
He said, “When you ask an average Nigerian student about paying school dues, you rarely get a simple answer.
“Between glitchy bank apps that freeze right on deadline day, endless queues at bank branches and lost physical receipts, paying essential campus fees can feel like passing a tough exam.”
According to him, KwestPay provides students with a digital alternative that enables them to make payments from their smartphones and receive instant, verifiable electronic receipts.
Oyewole said the platform had eliminated some of the frustrations associated with conventional campus payment systems by providing what he described as a “smart, stress-free digital payment companion” for students.
He added, “No long lines, no confusing processes and zero lost paper receipts, just fast, instant payments and verifiable receipts right from a smartphone.”
The KwestPay CEO disclosed that more than 7,000 transactions had been successfully processed through the platform in its first year, with a combined value of over N23m.
“In terms of naira and kobo, over N23m was transacted seamlessly across SUG, college and departmental fee collections,” he said.
The development comes amid growing efforts by young Nigerian technology entrepreneurs to develop digital solutions targeted at specific challenges in the country’s education sector.
Oyewole said the experience had demonstrated that financial services designed for students could be made simpler and more accessible through technology.
He said the company’s focus remained on reducing the stress associated with institutional payments while providing students and campus organisations with reliable records of transactions.
As KwestPay marks its first anniversary, its founders said the milestone represented not only the growth of the platform but also an indication of the potential for locally developed technology to address everyday challenges confronting Nigerian students.
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