Targeting to make campus life easier for students, HFC Bank presented its new e-banking product HFC Transflow, and the University of Science and Technology (KNUST) in Kumasi has become its latest beneficiary.  

HFC Transflow enables students to pay their fees and make other payments to the university directly online. Thus student just need to go to any bank branch and make such payments which will immediately reflect on the screens in the accounts department of the universities.

The difference between the HFC Transflow and the purchase of a payment order is in following: as soon as payment is carried out a pay-in slip is given as acknowledgement of payment, which is then used for purposes of registration.  

It’s also stated that students don’t need to have a banking account, though the service is free for them. 

In place at KNUST the university becomes the second tertiary institution in Ghana to benefit from the use of HFC Transflow system after the Regent University in Accra.  

Mr Charles Martinson, General Manager, Business Development of HFC Bank said that students would be prevented from the risk of loss and armed robbery as HFC Transflow removes the neccessity of travelling long distances with monies.