Costaatt goes cashless

THE College of Science, Technology and Applied Arts of TT (Costaatt) will transition to a cashless institution by June 30.

A media release sent on March 24 describes this move as a significant step in the college's ongoing efforts toward digital transformation.

"This move is one of several innovative developments being introduced as Costaatt celebrates 25 years of service in tertiary education.

"It reinforces the college's commitment to modernisation, student empowerment and future-readiness," the release says.

Accepted payment methods will include the Costaatt ePay platform, debit and credit cards, as well as bank transfers.

To support the transition, for the month of April, Costaatt will roll out a Financial Fridays initiative in collaboration with local financial institutions.

These sessions will offer on-campus assistance to help students open bank accounts and access essential financial services.

It says a recent student survey shows that 88 per cent of its students already own a bank account and 92 per cent have access to debit or credit cards.

The release says this demonstrates a "high level of preparedness for the shift" and concludes the cashless initiative is aligned with Costaatt’s broader mission to promote financial inclusion, digital fluency and innovation in education.