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.”