International students will no longer be restricted in payment functions when it comes to selecting a college or university to study
Worldline has partnered with PayMyTuition to simplify tuition fees for international students and the universities they attend.
Students will pay tuition fees and receive reimbursement quicker and without extra fees. Meanwhile, colleges and universities will save time, resources, and money.
According to educationdata.org, since 2001, the number of international students enrolled in higher educational establishments out of their hometown has enlarged from 2.1 million to 5.3 million. In 2019, more than 1 million international students were enrolled in colleges in the United States alone.
Bank transfers are the primary payment method for many demographic groups. Worldline’s localized payment offerings now give over 600 Canadian PayMyTuition education partners the possibility to receive bank transfers through five continents.
Students from over 35 countries have already tried the new payment method for tuition through bank transfers, including Australia, Hong Kong, Russia, France, Japan, the Netherlands, and Mexico.
We’ve reported that Mastercard partnered Flywire payments company to provide students with discounted foreign exchange rates on international tuition payments.