DCB Bank said it is partnering with Slonkit, India’s first money management app linked to a Visa Card, to create a digital and cashless ecosystem for educational institutions across India. Slonkit already has partnerships with colleges from all major cities and towns in India under the Slonkit Campus Partnership Program. Under this program, students are empowered with a Slonkit Visa card linked to the Slonkit mobile app. The card can be used anywhere in India – both online and at merchant outlets. Students can pay their college fees and make miscellaneous payments using the card. They can also avail offers at national and hyperlocal merchant outlets. The Slonkit app enables students to create budgets and to track and analyze their expenses across categories such as food, travel, shopping, entertainment, etc. In addition to empowering students to practise money management, Slonkit also transforms colleges digitally and facilitates seamless management of the administrative function. Slonkit also enables these colleges to monitor ‘expense’ reports at ‘in-campus’ merchants.
