2023-10-02

My First Digital Wallet: MyPay Scholarship Program

My First Digital Wallet: Empowering Education through MyPay Scholarship Program

Education is the key to a brighter future, but unfortunately, financial constraints often hinder the dreams and aspirations of many students. Recognizing the importance of education and the need to support students in their academic journey, MyPay Digital Wallet is thrilled to launch its groundbreaking initiative,” My First Digital wallet” under the MyPay Scholarship Program. With the Campaign “My First Digital Wallet” MyPay aims to promote and empower students by awarding scholarships to deserving individuals, encouraging them to pursue their educational goals and create a better tomorrow.

This program also helps in the economic and social development of the countries and countries that priorities digital literacy and invest in digital education and training programs are better positioned to achieve sustainable economic growth and social progress. For this initiative, MyPay will provide tiny chunk of money as a scholarship to students of Class 11th (Currently SEE Passed). Amount of Rs. 500 per Month as an initiation for 99 students and Rs. 5000 for 1 student throughout the country for 1 year. We may be increasing this amount in future as per looking the percentage of participation in this scholarship program.

What is My First Digital Wallet?

“My First Digital Wallet” is a unique campaign initiated by MyPay Digital Wallet, a leading financial services provider committed to promoting financial inclusion and digital literacy. My First Wallet is not just a wallet; it’s an opportunity for students to experience the power of financial independence and gain valuable insights into managing their finances effectively. The main objective of “My First Digital Wallet” is to introduce students to the world of digital transactions and financial planning which helps them to equip with essential skills that will benefit them throughout their lives.

The MyPay Scholarship Program:

The MyPay Scholarship Program is designed to empower students and support their educational pursuits. Under this program, MyPay Digital Wallet will award scholarships to a total of 100 students throughout the year. The scholarship grants will be distributed in the following manner:

Grand Scholarship – Rs. 5000/month: One student will be selected as the recipient of the grand scholarship worth Rs. 5000. This scholarship aims to provide substantial financial aid to a deserving student, enabling him/her to overcome financial barrier and pursue their academic aspirations with confidence.

Scholarships – Rs. 500 each/month: The remaining 99 students will receive scholarships, each worth Rs. 500/month. While these scholarships may be of a smaller value, they are intended to motivate and encourage students to continue their educational journey by alleviating some of their financial burdens.

Application and Eligibility Criteria:

To be eligible for the MyPay Scholarship Program, students need to meet the following criteria:

A. Eligibility:

• The Scholarship is Open to all 11th grade (Currently SEE Passed).
• 11th grade students must provide SEE mark sheet along with their SEE entrance card and required to show they are currently enrolled in educational institution.
• Students must demonstrate a keen interest in developing digital literacy skills.
• Student with Gap in between studies are not allowed to participate in this program.
• Each and every student throughout the country will be given equal priority.
  Through the establishment of well-defined eligibility criteria, the MyPay Scholarship program effectively ensures that deserving students who fulfill the specified requirements are given due consideration for financial assistance.
  This meticulous selection process not only guarantees transparency and fairness but also presents a highly advantageous opportunity for students who have successfully passed the SEE examination.

B. The scholarship amount will be Rs. 500 /month for a duration of one years to 99 Students i.e. a total of Rs. 6,000 per student for one year will be awarded over the program period and one lucky student will get Rs. 5000/ month for one year as Grand Scholarship.

C. The scholarship program will run for one academic year. (Further continuation will be totally depending on Participation)

D. Selection Criteria:

• Participants have to Download MyPay Digital Wallet App from Play Store or App Store & fill up the KYC form and get verified. App Download Link: http://onelink.to/mypay
• If the participants are Minor then unique eight-digit referral code will be provided, which will be used to register for scholarship program using guardian identification to fill up KYC form.
• Eight-digit unique referral code will be for each Student, so they could be identified as participant.
• Amount of Rs.10 will be charged as Cost of handling and further processing the document.
• Documents’ visibility and clarity will be given as first priority.
• The Scholarship Amount will be credited on their personal MyPay Wallet ID or the ID of their guardian in case of Minor.
• All right reserved to MyPay Digital Wallet

Application Process

To apply for the MyPay Scholarship program, follow these steps:

• Download and install the MyPay Application from the Play Store (for Android devices) or the Apple Store (for iOS devices).
• Open the MyPay application and log in to your account. If you don’t have an account, create one.
• Locate and tap on the “MyPay Scholarship” program option in the main menu or dashboard.
• Fill out the application form with accurate and complete personal details.
• Proceed to the guardian details, and provide the necessary documents and other required information.
• Check and Review the application form to ensure the accuracy of the documents.
• Click the “Submit” button for further processing of your scholarship application.

Deadlines:

It is important to note that the deadline for submitting your MyPay Scholarship application is Bhadra 31, 2080. Be sure to complete and submit your application before the specified deadline to be considered for the scholarship program.

Note: The deadline is extended till 31st Bhadra, 2080.

Conclusion:

With the MyPay Scholarship Program, MyPay Digital Wallet aims to make a tangible difference in the lives of students, ensuring that financial limitations do not hinder their educational pursuits. By empowering students through scholarships and introducing them to the world of digital transactions, MyPay Digital Wallet encourages financial independence and paves the way for a brighter future.
As a socially responsible organization, MyPay Digital Wallet is committed to nurturing talent, promoting education, and fostering a digitally literate society. Together, let us embark on this remarkable journey, empowering the next generation of learners to reach their full potential through the MyPay Scholarship Program – “My First Digital Wallet”.