Flywire and Mastercard Team Up to Simplify Cross-Border Tuition Payments
September 17 2020 - 7:30AM
Flywire, a vertical payments company, is partnering with Mastercard
to provide students with discounted foreign exchange rates on
cross-border tuition payments made with Mastercard. The offer is
available during the 2020 Fall term to international students
originating from UAE, Saudi Arabia, Qatar, Kuwait, Kenya and Ghana
attending any school around the world that offers Flywire as a
preferred payment method for international tuition. Students will
be able to make their international tuition payments in their local
currencies using Mastercard credit or debit cards as the
lowest cost
card payment option with
Flywire.
Flywire is the payment provider of choice for students and
education institutions around the world. Its solution enables
schools to offer international students a highly-tailored,
convenient and secure online payment experience – customized by
country, and currency – while also accelerating funds flow, easing
reconciliation and streamlining operational expenses. Flywire also
offers multilingual customer service to assist students and their
families 24 hours a day, seven days a week, with multiple channels
of communication.
“We are delighted to announce this partnership with Flywire.
This initiative will allow millions of parents and students to pay
their fees securely, seamlessly and at the most competitive rate.
We are committed to continuously evolve the digital payment
infrastructure to further support the students’ educational
journey,” said Gaurang Shah, Senior Vice President, Product
Management, Digital Payments & Labs, Middle East and Africa –
Mastercard.
“Our client schools and their student families around the world
trust Mastercard for convenient and secure payments,” said Mike
Massaro, CEO of Flywire. “We’re pleased to continue to partner with
Mastercard on special offerings like this one to ensure a seamless
digital payment experience while passing on valuable savings to
reduce the cost of international education.”
Resources
- Embarking on Life’s Most Important Moments: A Flywire
Video
- Payment plans for higher education, healthcare, and travel:
https://www.flywire.com/
About FlywireFlywire is a high-growth vertical
payments company trusted by organizations around the world to
deliver on their customers’ most important moments. Unlike other
payment companies, Flywire is proven to solve vertical-specific
payment and receivables problems for organizations that deliver
high-value services. Whether in education, healthcare, travel
or technology, Flywire has vertical-specific insight and technology
that allows organizations to optimize the payment experience for
their customers while eliminating operational challenges.
To date Flywire has processed over $16 billion in total payments
volume for over 2,000 clients around the world. The company
is headquartered in Boston, USA and has offices around the world.
For more information, visit www.flywire.com.
About Mastercard (NYSE: MA), www.mastercard.com
Mastercard is a global technology company in the payments industry.
Our mission is to connect and power an inclusive, digital economy
that benefits everyone, everywhere by making transactions safe,
simple, smart and accessible. Using secure data and networks,
partnerships and passion, our innovations and solutions help
individuals, financial institutions, governments and businesses
realize their greatest potential. Our decency quotient, or DQ,
drives our culture and everything we do inside and outside of our
company. With connections across more than 210 countries and
territories, we are building a sustainable world that unlocks
priceless possibilities for all.
Media Contacts:
Flywire - US
Tim Walsh
617.512.1641
timw@walshgroupmarketing.com
Flywire - Europe
Wilfred Collins / Joshua Cobb
flywire@ccgrouppr.com
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