Paymentology & Sticitt Launch Mastercard Debit Solution

Paymentology announced its strategic partnership with South African fintech startup Sticitt to revolutionize how schools handle finances and how children establish healthy money habits from a young age.

We’re proud to announce our partnership with @sticcit

Together we are building a financially empowered future for South Africa’s by shaping the next generation of financially responsible individuals while making school #payments effortless.https://t.co/rqkVgG1E9K pic.twitter.com/6Q4patqESx

— Paymentology (@Paymentology) February 4, 2025

At the forefront of transforming the South African school payments landscape, Sticitt enables schools to increase revenue generated from parents and the wider community while automating payment reconciliations and reporting.

Theo Kitshoff, Co-Founder and CEO at Sticitt, commented: “Paymentology recognized the future we’re building at Sticitt and eagerly joined forces with us to help realize this vision. When selecting a partner, it was crucial to choose one that was willing to push the envelope and collaborate to make our offering a reality. Paymentology stood out not only because of their innovative approach but also because they went the extra mile to make it happen. Their commitment to our vision was compelling, and their tailored approach to product development was exactly what we needed to bring our solution to life.”

The platform simplifies the process of making school-related payments for parents, learners, and visitors, thereby increasing possible school revenue and reducing schools’ finance administration burdens. Schools benefit from more efficient financial operations, allowing them to focus on their core mission: providing vibrant learning environments.

In addition to streamlining school payments, Sticitt offers parents a practical tool to teach their children 6 healthy money habits through basic everyday actions: earning through doing, spending wisely, planning and budgeting carefully, saving for tomorrow, investing for the future, and sharing for collective success.

Through this partnership, Paymentology and Sticitt are setting the stage for a brighter financial future for South Africa’s youth, one that will have a lasting impact beyond the classroom.

With over two decades of dedicated payment experience and expertise, Paymentology plays a key role in this initiative by providing its next-generation payment technology. Through Sticitt’s Mastercard solution, enabled by Paymentology, children can now transact at any merchant, gaining real-world experience in managing money responsibly, one transaction at a time.

Drisha Kirkman, Head of Programme Management and Sustainability at Paymentology, added: “We were drawn to Sticitt because of its core values centered around financial education. Sticitt’s vision aligns with our commitment to empowering individuals with the tools they need for financial success. By helping to create a generation of financially equipped individuals, Sticitt is paving the way for children to pursue their true passions in life. We’re excited to be part of this journey in South Africa and look forward to expanding this model to other regions.”