Tag: Tie

Mastercard, Flywire Tie Up to Ease Cross-Border Tuition Fees

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.

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Central Bank Dilemma: Tie Between Money And Inflation Appears Broken

Right now, the Federal Reserve System and the European Central Bank have a dilemma.

Last week the value of the Euro reached $1.2000 for a short time, although the price dropped off to $1.1842 at the close of the week.

The general market feeling is that, if anything, the price of the Euro should rise further.

But, this thought is bringing pressure on Christine Lagarde, the ECB president, to “talk down” the Euro so that the currency does not become too strong and hurt the economy of the European Union and possibly hold down inflation.

Yet, to some, to do this also carries risks.

Stephen Gallo, European head of FX strategy at BMO, has argued,

But at the same time she has to be careful. If they fire that bullet and it only has limited impact, that could be even worse.”

The value of the Euro could grow even stronger.

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