Mastercard Incorporated MA recently teamed up with Flywire to provide discounted foreign exchange rates on cross-border tuition costs to students, when paid with Mastercard. The relief is aimed at helping students from UAE, Saudi Arabia, Qatar, Kuwait, Kenya and Ghana.
Students belonging to these locations who are part of any school across the globe, which accepts Flywire as a preferred payment method for international tuition fees, will be able to avail of this offer during the 2020 fall term. The tuition charges can be paid by students in their local currencies with the help of Mastercard credit or debit cards as the lowest cost card payment choice with Flywire.
Flywire is a vertical payments company and a provider of choice for students and educational institutions worldwide. Its technology and solutions enable organizations to offer safe and seamless payment experiences to students. This also helps curbing operational costs and simplifying reconciliation.