Commonwealth Bank today launched the availability of mobile payment technology, QkR, for all Australian Schools. Set to transform payments in the education sector nationally, QkR streamlines payment processing for schools, whilst offering parents control, convenience and choice.
Launched in partnership with MasterCard, QkR provides schools with a low cost entry point into mobile payments. Australia was selected as the first market globally to launch the technology, reflective of local adoption of innovative technology.
The QkR technology was piloted across 8 schools in Victoria since July 2013. It is currently in use by over 17 schools across Australia and is now available for schools to implement nationwide. Pilot schools have experienced significant shifts away from expensive cash payments, with up to 80 per cent of cash displaced by QkR in the opening months of roll out.
QkR can allow better stock management and provide increased control over cash flow and will save parents time by enabling them to order meals, contribute to fundraising and pay for school items through the one app, at a time and place that is convenient to them.
“CommBank is delighted to launch this global first technology with schools across Australia. Throughout the pilot, we’ve seen QkR reduce financial admin and improve the management and planning of volunteer hours,” said Nick Aronson, Managing Director, Transaction Banking Solutions, Institutional Banking & Markets, Commonwealth Bank.
Victoria Minister for Education, The Hon Martin Dixon MP was pivotal to introducing the technology to schools by involving schools in Victoria in the original pilot. Speaking about the technology, The Hon Martin Dixon MP said: “Technology plays an important role in reducing the administrative burden. It has allowed our schools to focus on what they do best – educating our future generations. I am pleased that Victorian schools led the roll out of this technology in Australia."
Nick Aronson also pointed to the benefits QkR can provide other businesses and industries throughout Australia.
“CommBank is passionate about providing more efficient and convenient payment solutions that help Australian businesses provide a better service. We see technology as playing a significant role in supporting businesses across a range of industries from retail, government, entertainment and education,” Aronson said.
HOW TO SIGN UP TO QKR
Contact CommBank’s Business Sales Direct team on 1800 730 554 to find out more and complete an over-the-phone QkR application, or visit www.commbank.com/business/QkRschoolpayments
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LIST OF SCHOOLS INVOLVED IN PILOT:
- Mentone Primary
- Camp Hill Infants and Primary
- Mill Park Heights Primary
- Chatham Primary
- Bacchus Marsh Primary
- Black Hill Primary
- Stella Maris Catholic Primary
- Our Lady’s Catholic Primary
LIST OF SCHOOLS NOW LIVE:
- Specimen Hill Primary
- Spring Gully Primary
- Maiden Gully Primary
- Weeroona College
- Plenty Parklands Primary
- Chelsea Primary
- Brighton Primary
- Mentone Park Primary School
- Beecroft Public School