Last updated on February 14th, 2023 at 08:54 pm
NSFAS has launched its Mastercard for payments of allowances and here is how to register for NSFAS Mastercard online.
Students funded by the National Student Financial Aid Scheme (NSFAS) can receive their allowances on the new Mastercard from NSFAS.
Also, the Mastercard works as a credit or debit card that students can use to make financial transactions.
For example, students can withdraw cash with their cards and also make payments with their cards.
However, all NSFAS-funded students must know how to get their cards register and activate their mastercards.
So, in this article, you will learn about the NSFAS Mastercard online registration.
We should, therefore, get to the step-by-step procedure right away.
How To Register For NSFAS Mastercard Online
- Go to www.tenetech.co.za/studentinfo/
- Click on NSFAS Students
- The SMS will contain a link to download the app
- Register your student number
- Fill out and complete your personal details
- Upload a photo of your SA ID to securely verify that it is you
- Upload a selfie while holding your SA ID to verify yourself further
- A bank account will be assigned to your student number
- A bank card will be given to you at your college campus
You will be able to register your nsfas mastercard online.
After the registration of your card, you will have to activate it with your details. Read How To Activate NSFAS Mastercard for the activation instructions so that you can use your card.
Features of NSFAS Mastercard
The card has a tap-to-pay functionality where you can tap to pay for what you have bought and want to pay with the card.
This makes payment of goods and services easy by using the nsfas mastercard.
Also, the card will give you information about your transaction activities like a receipt which will contain the amount of debits on every transaction you make on the card.
Moreover, students can buy airtime and data, pay for electricity, withdraw cash without paying fees at participating merchants, and the card can also be used as NSFAS E-wallet.
Furthermore, students have control over their mastercards and can change their pins anytime to protect their money on the card.
To do that, you should read How To Change NSFAS Mastercard PIN for the step-by-step process to change your mastercard pin.
The National Student Financial Aid Scheme with Tenet Technology (tenetechsolutions) launched the NSFAS Mastercard.
With this initiative, NSFAS can pay students’ allowances onto their cards on time and without any payment delays.
Students, on the other hand, can withdraw cash with the NSFAS mastercard, make payments with a tap-to-pay feature in the app, and use the app as an E-Wallet.
When Will NSFAS Start To Pay Allowances Through The NSFAS Mastercard?
According to the NSFAS (National Student Financial Aid Scheme), 2023 will be the starting year for the use of the payment card.
Students who will receive funding from 2023 will, therefore, be paid through the new NSFAS mastercard.
Now that you know how to register nsfas mastercard online, you can ask your question in the comment.
