Technology has come to stay in our lives. Our lives now revolve around science and technology; therefore, our normal routines, which in the past were tedious, have become simpler. Not only that but effective, efficient, and super fast.
Every financial institution that has emerged looks out for the best technological methods to improve transactions and other operations better. And thus, NSFAS uses the celbux platform to manage its wallet and all other financial transactions.
What is Celbux NSFAS?
You may have come across celbux and may wonder how this even links with NSFAS in the first place. You should know these two are entirely different entities. We can say one is the subject, and the other is the object. NSFAS, since its inception, has come to help many students with funds disbursement, and with the help of celbux their financial operation has worked out.
In simple terms, celbux is an online platform built and designed for individuals to manage their finances.
Celbux has been around for more than 10 years now.
The NSFAS uses celbux as a financial service provider with simple tech tools to assist them in fund distribution.
How do you use Celbux NSFAS?
Celbux is a platform used to manage finances and make it easier. The celbux, in context, powers the NSFAS wallet system, mainly used by the TVET colleges to receive their funds. In the past, NSFAS gave students vouchers covering different types of allowances. After a few years, NSFAS changed the vouchers to cash vouchers, where one can easily get physical cash, but in the past, it was not.
The celbux services use the USSD codes, which assist students in making purchases and withdrawals. There is also web access that allows students to use the platform by entering their credentials to log in. As is required, your username and password will enable you to log in to the online portal. Always make sure not to share your login details with anyone.
Also, individuals using the celbux NSFAS on their platform through the USSD codes are to note the number used in creating your NSFAS application will be used for these transactions.
The celbux NSFAS systems provide financial services for students who have received their allowance and looking forward to doing more with their funds. You can create vouchers, withdraw cash and make payments using the celbux NSFAS wallet, which is completely free.
Is NSFAS still using Celbux?
In august 2021, NSFAS issued a statement regarding the usage of Celbux. This was an initiative to manage its internal affairs. The NSFAS, in its statement, indicated that the web address, “http://Celbux.appspot.com”, is no longer available. At this point, NSFAS has shut down the use of Celbux by students across all regions. However, a few elements of celbux are still in use by the TVET colleges. NSFAS advised students to use another medium to make financial transactions, including withdrawals and purchases.
How do I check my NSFAS balance, Celbux?
To check your NSFAS balance, always ensure the number you used for your activation or NSFAS application is available. With any mobile device with a stable network, you can check the NSFAS balance celbux using the USSD code. Follow these steps to check your balance.
- To check NSFAS balance, celbux dial *120*176#
- once the prompts pop up, enter your password and press send
- Select option 2 to view your cash balance
- This reveals your cash balance and transaction history.
How does Celbux voucher work?
The celbux voucher works in another form of cash. One thing you have to understand is the rationale behind the celbux voucher. This type of system seeks to monitor, evaluate and assess all transactions students make. The NSFAS funds given to students must go into the right coffers, meaning your expenses should go according to the purpose of the funds. And these are the reason why the Celbux voucher works.
The celbux voucher, as another channel, allows students to create vouchers that can be used to make payments and withdraw from the recognized NSFAS stores. One can visit a celbux merchant, present the cash voucher, and request physical cash. The celbux merchants act like ATMs where one can easily make withdrawals, but this time with limitations. One can also create a voucher to make purchases at any NSFAS-accredited store.
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