BOSTON, July 13, 2017 (GLOBE NEWSWIRE) -- Flywire, a leading provider of international payment and receivables solutions, continued its strong growth in the education sector in the recently completed fiscal year ending June 30, 2017. Over the last year, the company achieved record results in payments processed, and institutions and students served. Flywire also added new payment alternatives with several new partnerships, and expanded its global operations.
The company has built a robust business serving educational institutions around the world since 2011 and has established its platform as the preferred solution for international payments and receivables processing. Schools use it to offer students and their families a highly-tailored, international payment experience – customized by country, currency and institution. In addition, school financial and operations teams benefit from streamlined reconciliation and tracking of international payments.
Several milestones demonstrate the company’s strong performance in the education sector over the last year:
Sharp Increases in Cross-Border Education Payments, Clients and Students
New Partnerships Expand School and Student Choice
Expanded Global Operations
“International education is big business and sending and accepting international tuition payments has become exceedingly complex in today’s global marketplace,” said Mike Massaro, CEO of Flywire. “Our focus is on taking all the friction out of those transactions for both students and schools and making them as easy and familiar as any domestic payment.”
About Flywire
Flywire is a leading provider of international payment solutions, connecting businesses and institutions with their customers on six continents. Introduced six years ago as a way for international students to pay their tuition for studies abroad, Flywire is now used by over 1,300 organizations across 18 countries around the world. The company processes billions in payments per year from 220 countries and territories, via bank transfer, credit card and e-wallet solutions, in over 120 different local currencies. Convenient, fast and secure, Flywire’s scalable platform provides currency conversion at exchange rates that can offer significant savings when compared to home-market banks and credit card providers. The company also supports its clients with end-to-end customer support including 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.