Flywire and JCB International have partnered to offer international students with a new way for making cross-border tuition payments.
This method was launched on 27 September. It enables cardholders in select countries and regions, primarily in Asia to use their JCB card to pay tuition at any of the over 2,000 schools across the world that provide Flywire for overseas payments.
International tuition can be paid by studuents using their JCB card via Flywire’s platform in their local currency.
For now, the programme is available to students of the following countries in their respective currencies – Japanese yen (JPY), Vietnamese dong (VND), Korean won (KRW), New Taiwan dollar (TWD), Chinese yuan (CNY), Philippine peso (PHP), Thai baht (THB), Indonesian rupiah (IDR), Russian ruble (RUB), Hong Kong dollar (HKD), Singapore dollar (SGD), and Myanmar Kyat (MMK).
Serving as a payment solution for overseas students and education institutions across the world, the Flywire platform offers a single point of management and payer engagement, right from billing and payment through reconciliation.
Schools can offer students a customised, convenient and secure payment experience. This customisation is done as per school, country, regions, and currency, while speeding up funds flow and streamlining operational expense.
Flywire vice president of global payments Ryan Frere said: “We are always pursuing new payment options for our client schools to offer students and their families.
“With JCB, we are activating a very popular payment method in many of the world’s largest and fastest-growing markets for international students. Schools can offer more convenient, local tuition payment options and JCB can enhance services for many of its 130 million plus cardholders.”
JCBI EVP, head of Global Acceptance & Marketing HQ Hitoshi Shioda said: “We are delighted to deliver the news of our partnership with such an innovative and highly reputable company in the payment industry.
“With our goal to provide high quality service to JCB cardmembers in various markets, Flywire is the perfect partner to satisfy rapidly growing customer needs in tuition payment.”