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Fintech & Ecommerce

Mastercard’s new partnership to help students save on tuition costs

Sep 17, 2020

This option is available during the 2020 fall term

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Mastercard’s new partnership to help students save on tuition costs. Source: unsplash.com

Mastercard partnered Flywire payments company to provide students with discounted foreign exchange rates on international tuition payments.

This way, international students from UAE, Saudi Arabia, Qatar, Kuwait, Kenya, and Ghana attending any school worldwide that offers Flywire as a payment method for international tuition can use the new solution.

Students will be able to make their international tuition payments in their local currencies using Mastercard cards.

We are delighted to announce this partnership with Flywire. This initiative will allow millions of parents and students to pay their fees securely, seamlessly, and at the most competitive rate. We are committed to continuously evolve the digital payment infrastructure to further support the students’ educational journeyrn
Gaurang Shah, Senior Vice President, Product Management, Digital Payments & Labs, Middle East and Africa – Mastercard

We’ve reported that PayMyTuition, a part of MTFX Group,?has added?new biometrics facial recognition technology to enhance cross-border tuition payment security.

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Tags: # Mastercard

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Our editorial team delivers daily news and insights on the global payment industry, covering fintech innovations, worldwide payment methods, and modern payment options.