Flywire, JCB Team For Cross-Border Tuition Payments

To open up new currency options and new markets for cardholders of JCB across Asia, Flywire and JCB International, Co., Ltd. (JCBI) have unveiled a partnership that provides international students with a new way to make cross-border tuition payments. The offering enables cardholders in certain countries and regions, primarily in Asia, to pay tuition with their JCB card at the 2,000 plus schools around the globe that offer Flywire for international payments, according to an announcement.

Hitoshi Shioda, executive vice president, Head of Global Acceptance and Marketing Headquarters of JCBI said in the announcement, “We are delighted to deliver the news of our partnership with such an innovative and highly reputable company in the payment industry,” Shioda continued, “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.”

The program will be available first to students originating in the following countries and paying in the following currencies: Korean won (KRW), Japanese yen (JPY), Vietnamese dong (VND), New Taiwan dollar (TWD), Philippine peso (PHP), Chinese yuan (CNY), Thai baht (THB), Indonesian rupiah (IDR), Russian ruble (RUB), Singapore dollar (SGD), Hong Kong dollar (HKD), and Myanmar Kyat (MMK).

Flywire is a payment solution for international students and educational institutions around the world. Its platform offers one point of management as well as payer engagement from billing and payment through reconciliation. Schools can provide families and students with a highly tailored, convenient and secure payment experience that is customized by regions, country, school and currency while streamlining operational expenses and accelerating funds flow.

Ryan Frere, vice president of global payments for Flywire, said in the announcement, “We are always pursuing new payment options for our client schools to offer students and their families.” Frere continued, “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.”