How Eduwallet works

Every movement of money — a deposit, a sponsorship, a tuition payment — is written as a new entry in a permanent record, called the ledger. Entries are never edited or deleted after the fact; a mistake is corrected by adding a new, opposite entry, so the history always shows exactly what happened.

Your balance isn’t a number someone types in. It’s worked out from the ledger every time, by adding up the confirmed money in and subtracting the money paid out. Each wallet’s transaction list shows every entry as pending (waiting for confirmation) or posted (confirmed). Only posted money counts towards your balance.

Choose Add funds or Fund this wallet, enter an amount, and you’re taken to KoraPay’s secure checkout to pay by card, bank transfer or pay with bank. The deposit shows as pending straight away and your balance updates automatically once KoraPay confirms the payment.

Each deposit has a limit, shown under the amount box. Verifying your identity raises it.

Upload one ID document — NIN slip, national ID card, driver’s licence or international passport — as a JPG, PNG or PDF, plus a selfie. Documents are stored privately — visible only to you and the Eduwallet review team — and are never shown on your sponsorship profile.

Your status shows as pending while the Eduwallet team reviews your documents. Once you’re verified, your deposit limit goes up.

Tuition can only be paid once the school has verified the student’s enrolment and published a fee for the student’s class. The payment page shows the fee, what’s already been paid, what’s outstanding and the wallet balance.

You can pay in full or in part — whatever remains stays outstanding for next time. When the payment goes through you get a receipt reference, and the payment is queued for settlement to the school. The money never passes through anyone’s personal account.

On a child’s wallet with approval switched on, choosing Pay tuition doesn’t pay straight away. It creates a request, and the guardian confirms or cancels it from their dashboard. Only a confirmed request moves any money.

This is a deliberate two-step on a child’s money: a second look before anything leaves the wallet, and a clear record of who asked and who approved. Approval starts switched on for children under 18, and the guardian can turn it off or on for each child.

From the child’s card, the guardian generates an invite link and shares it with the child. The child creates their own Student account with their own email — the guardian never enters it for them — and then accepts the invite. The child can then see the wallets their guardian opened for them.

For now this takes two steps: the child signs up first, then opens the invite link again to accept it. Invite links expire after seven days, and a new one can be generated at any time.

A verified student can create a sponsorship profile — a headline, an optional story and an optional photo — and choose which wallet it pays into. Privacy is in the student’s hands: show their full name or initials only, show or hide their photo, and show or hide their school.

Publishing the profile gives it a shareable link. Sponsors contribute through KoraPay and can choose to stay anonymous. Sponsored money lands in that student’s wallet, where — like every naira on Eduwallet — it can only leave as tuition to the student’s verified school.

The school portal lists students waiting for enrolment verification; the bursar verifies or rejects each one. Fee schedules are published by academic session, term and class level, with an amount and an optional due date, and can be deactivated when they no longer apply.

The portal also lists tuition payments received — the student, their class, the date, the amount and its settlement status.