The National Student Financial Aid Scheme recipients will have more control over their allowances now that a new payment mechanism has been launched for this year.
Beneficiaries of the National Student Financial Aid Scheme (Nsfas) will receive Nsfas Mastercards. Due to the increased capability of Mastercards, this payment option will guarantee that students have better financial management.
Nsfas will provide students with allowances using the new Mastercard solution. A living allowance, a transportation allowance, a stationery allowance, and a personal care allowance are given to beneficiaries.
The Nsfas Mastercard will now give access to these allowances. There is another method for students to get their allowances, though.
A USSD code issued by the service provider must be dialed in order to use the cardless withdrawal option for Nsfas beneficiaries.
By dialing *134*7772#, students can use the cardless withdrawal feature to take money out of eZaga. It costs nothing to use this option, nor does it use any airtime.
How to Withdraw Cashless With Nsfas Card
First, open the eZaga app.
Next, select “Withdraw Zaga.”
Third step: select “Nedbank ATM”
Step 4: Process the amount you want to withdraw after entering it.
Step 5: Within an hour, you’ll get a coupon code.
If after an hour you still haven’t received your voucher code, call *120*001# and choose “get a voucher.” Your voucher code will then be sent to you through SMS.
The banks listed below offer money withdrawal services for students;
a Pick n Pay, Shoprite, Checkers, or Usave location with a Nedbank ATM.
Students now have Mastercard payment options thanks to a collaboration between Nsfas, coinvest, eZaga, norraco, and Tenet Technology. It is suggested that students find out from their college with which distribution partner they must enrol.