Flywire partners with Discover on global education payments
By Pavithra R
Flywire, a leading vertical payment company, has announced a new partnership with Discover to provide global students and schools with digital options for education payments.
Under the collaboration, students and their families will be able to use their Discover, Diners Club International and network alliance cards to pay tuition and fees at education institutions around the world that offer Flywire for international education payments.
As the cost of tuition continues to rise, and more education institutions compete for international students, schools are trying to modernize their systems and provide a better payment experience. . The alliance solves both sides of the payment equation, providing students and families with the ability to pay in their preferred method while driving operational efficiencies for the institutions receiving payments.
“Discover is a leading digital bank and payments provider, and we’re very pleased to offer their popular Discover Global Network card brands as a payment option for the first time. For client schools, it solves both sides of the payment equation—increasing payment options and convenience for their students and families, while minimizing the cost and complexity of reconciliation on their end,” said Mohit Kansal, vice president of global payments for Flywire.
The program will be initially available to Discover Global Network Cardholders in seven countries paying in six different currencies: Colombia (COP), Ecuador (USD), India (INR), Japan (JPY), Korea (KRW), Peru (PEN) and the United States (USD).
“Being a part of Flywire’s solution complements our goal of ensuring our cardholders can pay however and wherever they want. Flywire’s unique business model unlocks additional payment options for our cardholders across the globe,” said Ellie Smith, global head of digital acceptance at Discover.
Founded in 2011 as PeerTransfer, Flywire removes the boundaries in the transaction through its solutions that enable the global payment and receivables process. The firm is the payment provider of choice for education institutions around the world. Its solution enables institutions to offer students a highly-tailored, convenient and secure online payment experience customized by school, country, and currency while also accelerating payments, easing reconciliation and streamlining operational expenses.
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