Tag: CrossBorder

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

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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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Why Mastercard is helping Flywire drive cross-border tuition payments

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Mastercard is working with cross-border tuition specialist Flywire on a fall promotion targeting international students based in certain countries in the Middle East and Africa.

For students coming from the UAE, Saudi Arabia, Qatar, Kuwait, Kenya and Ghana, Mastercard and Flywire will offer discounted foreign exchange fees on tuition payments for the fall term, the companies have announced.

Participating students and their families will be able to make international tuition payments in their local currencies using Mastercard credit or debit cards as Flywire’s lowest-cost card option during the promotion, Boston-based Flywire said.

Mastercard’s goal is to expand its share of Flywire’s large-sum tuition payments in new regions, Ryan Frere, Flywire’s executive vice president of global payments, said via email.

Mastercard and Flywire collaborated on a similar promotion in 2018 targeting students coming from Australia, Canada, Mexico, Russia, China, Hong Kong, Malaysia and Korea, Frere said.

The move comes as Flywire

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Flywire and Mastercard Team Up to Simplify Cross-Border Tuition Payments

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New promotion offers relief on tuition costs for students originating from six Middle East and African countries

BOSTON, Sept. 17, 2020 (GLOBE NEWSWIRE) — 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

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