SYDNEY, Australia, Nov. 09, 2016 (GLOBE NEWSWIRE) -- Flywire, a leading provider of cross-border payment solutions, has expanded in Australia, opening a new office in Sydney to support its local operations. The move builds on Flywire’s existing Asia-Pacific presence in Shanghai, China, Singapore and Tokyo, and strong growth worldwide.

In the most recent academic year, ending June 2016, Flywire saw record results in its business as it continued its expansion in North America, Europe and Asia-Pacific. To date, the company has processed over $3 billion in tuition payments and now serves over 1,100 universities and schools worldwide. In Australia, Flywire currently serves more than 30 schools and universities, making fast, easy tuition payment available to international students traveling abroad each year to attend universities and schools in the country.

Australia is the third most popular destination in the world for international education behind only the United States and the United Kingdom. According to the Australian Government Department of Education and Training, over 507,000 international students were enrolled in Australian schools in August 2016, up 12% from August 2015.  China (17%), Malaysia (16%), India (11%), South Korea (8%) and Vietnam (3%) are the leading countries of origin. Australia features eight of the top 100 universities in the world according to TopUniversities.com and the Australian government makes A$200 million available every year for international scholarships.

“Australia is a very popular and growing destination for international education and a key market in our global expansion,” said Mike Massaro, CEO at Flywire. “We are pleased to expand our cross-border payment services here to make the tuition payment process as easy, efficient and transparent as possible for the schools and their international students.”

About Flywire

Flywire 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 1,100 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; Sydney, Australia; and Valencia, Spain. For more information, visit www.Flywire.com.