BOSTON and LONDON, May 24, 2016 (GLOBE NEWSWIRE) -- Flywire, a global provider of cross-border payment solutions, today announced that it has completed migration of the Uni-Pay client base onto the Flywire platform, following its October 2015 acquisition of the company. Flywire now serves over 120 schools and universities in the U.K. – making fast, easy tuition payment available to over 150,000 international students traveling each year to attend UK institutions such as University of Durham, University of Leeds, Manchester Metropolitan and University of Liverpool.
The UK is the world’s second largest destination market for international education with UK universities and schools recruiting more international students every year. A growing percentage of these students are coming from the Asia-Pacific region where Flywire has increased its presence and tailored its platform and services to meet the unique needs of students traveling from countries such as China, Japan, South Korea and India.
Flywire provides UK schools with a simple, secure and cost-effective way for their international students to pay tuition and other expenses. The platform processes payments from 220 countries and territories, in 70 local currencies and enables schools to accept bank transfers, online banking, and credit and debit cards while providing students with currency exchange rates that can offer significant savings when compared to home-market banks and credit card providers. Flywire also supports the schools with multilingual servicing via phone, email, and chat, as well as 24/7 online payment tracking.
“Manchester Met provides world class education facilities, cutting-edge technologies and is one of the largest campus-based universities in the UK,” said Paul Sheil, finance manager at Manchester Metropolitan University. “Access to cost-effective payment options is essential to our growing international student population. Flywire provides an easy-to-use payment portal allowing students to quickly make payments from their home country, in their own currency, taking advantage of localised banking arrangements, competitive exchange rates and no international banking charges.”
“As the world becomes more global, Flywire is connecting educational institutions with international students by providing the most trusted and easiest-to-use solution for paying education bills globally,” said Mike Massaro, CEO of Flywire. “We’re pleased to be able to offer our industry-leading technology and outstanding customer service to our Uni-Pay clients. The transition has been very smooth thanks to our customers and the many talented people that have joined our team from Uni-Pay.”
Flywire, formerly peerTransfer, is a leading provider of high-ticket payment solutions, connecting educational and healthcare institutions with consumers on six continents. Introduced five years ago as a way for international students to pay their tuition for studies abroad, Flywire is now welcomed by over 900 colleges and universities around the world and hospitals in North America. The company has processed billions in payments from 220 countries and territories, in 70 local currencies. Convenient, fast and secure, Flywire’s scalable platform accepts bank transfers, online banking, and credit and debit cards − providing currency conversion at exchange rates that can offer significant savings when compared to home-market banks and credit card providers. Committed to a great end-to-end customer experience, the company offers multilingual servicing via phone, email, and chat, as well as 24/7 online payment tracking.
Flywire is headquartered in Boston, MA with international operations in London and Manchester, UK; Shanghai, China; Tokyo, Japan; Singapore; and Valencia, Spain. For more information, visit www.Flywire.com.