Flywire will work with Mastercard to provide discounted foreign exchange rates on cross-border tuition payments for students, according to a press release emailed to PYMNTS.
The offer will be available for any school around the world offering Flywire as a payment method for international tuition through the 2020 fall term for students from the United Arab Emirates, Saudi Arabia, Qatar, Kuwait, Kenya and Ghana, the release stated. Students will be able to use their own currencies to pay through Mastercard credit or debit cards.
Mike Massaro, CEO of Flywire, said the partnership would serve to raise up students through cost-efficient measures.
“Our client schools and their student families around the world trust Mastercard for convenient and secure payments,” said Massaro in the release. “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