The EDUFREM concept
A payment unit dedicated to education. 1 EDU =
Definition
The education credit is a payment unit dedicated to education. 1 EDU =
Whichever path you take, these credits never leave the education perimeter. They are used to settle tuition fees, to fund a study-abroad journey, to pay for training with an approved partner. The beneficiary can also transfer them to a relative to fund their studies. But they can neither be withdrawn at an ATM, nor used to buy anything other than an education service.
The education credit is a new payment format, created by EDUFREM to answer a universal problem: today, money meant for education gets lost on the way. Diaspora families paying for a relative, NGOs distributing scholarships, governments funding programmes, companies running education philanthropy: they all face the same opacity. EDUFREM solves it.
Traced
Every transaction is timestamped, attributed, verifiable from the funder down to the service delivered.
Secured
Funds can only be used to pay education services with approved partners.
Guaranteed
Enforceable French legal framework, possible recourse, regulatory compliance.
Four-step mechanics
Differentiation
The education credit is a new format. It resembles nothing that already exists. To understand it well, here is what it is not.
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What we are not: EDUFREM is not a bank account. You cannot withdraw cash at an ATM, nor receive your salary on it.
What we are: EDUFREM is a payment infrastructure dedicated to one precise use: education. More rigid than a bank, but infinitely more traceable.
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What we are not: EDUFREM is not a student payment account. The beneficiary does not receive an IBAN to use freely.
What we are: EDUFREM is a payment instrument steered by the funder, whose use is contractually confined to education services.
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What we are not: EDUFREM is not a general-purpose transfer service like Wise or Western Union. The money never leaves the education perimeter.
What we are: EDUFREM delivers the promise general transfers never keep: the guarantee that money sent actually reaches the school.
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What we are not: The education credit is not a speculation token. No fluctuating price, no wallet to manage, no exchange-rate risk for the beneficiary.
What we are: EDUFREM relies on blockchain as a traceability backbone (the public protocols, not speculation). For the user, the experience stays that of a traditional payment, denominated in euros or local currency, operated by regulated institutions.
Technical questions
EDUFREM is a French mission-driven company, subject to French law and the regulations applicable to payment instruments. The legal framework rests on EDUFREM's terms of sale and use (accepted at the time of purchase, as on any online store) and on French financial regulations. No ad hoc paperwork to sign. Our DPO can be reached at steve.t@edufrem.com for any GDPR question.
Blockchain serves as a traceability infrastructure, not as a currency. Every education credit is recorded in a tamper-proof ledger that makes it possible to prove at any moment who bought it, for whom, on what date, and where the credit was consumed. It is a technical guarantee that complements the legal framework. For the user, nothing changes: no wallet to manage, no fluctuating price, no speculation. The technology is invisible, the traceability is total.
A traditional blocked account releases a monthly sum to the beneficiary, with no control over its use. The EDUFREM education credit goes further: funds are released only to pay for an eligible education service, with an approved partner. The buyer keeps full visibility down to the service delivered.
The redeployment conditions are set out in the initial contract. If the student does not travel, if the institution disappears, if the beneficiary changes: the credit is not lost. Its destination is adjusted according to the agreed rules (another partner institution, another beneficiary in the same family, partial refund based on costs already incurred).
EDUFREM charges the funder a service fee that is transparent and published. On the Mobility service for example: 4% on the secured tuition transfer. EDUFREM takes nothing from the funds themselves once released to the school. No hidden margin on exchange rates, no over-the-counter commissions.
EDUFREM is subject to French and European GDPR. The beneficiary's and funder's data are never resold. Transactions are encrypted and stored in certified datacenters. EDUFREM's DPO can be reached directly.
EDUFREM currently operates in France, Cameroon and Senegal. The network of partner schools is expanding gradually. For other countries, the service launches through local partnerships rather than direct establishment (in line with our regulatory perimeter).
Thirty minutes to understand your need and get started. Families, schools, NGOs, companies, governments: it all begins with a meeting.