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Geoswift, a Canada-based cross-borderpayment services provider, has announced the integration of Visa Direct into its internationalpayments platform. Visa Direct enables fund transfers to over 140 countries and territories.
To that end, Flywire said at the end of last month that it has partnered with JCB International in a relationship that provides international students in Asia with options as they make cross-border tuition payments. Asia is the biggest market for payment origination in terms of the number of students.
A new year is bringing new changes to the cross-border trade cycle, from logistics and freight to B2B payments. Recently, several companies swimming in the ever-shifting seas of global trade looked to fulfill their goal of making internationalpayments less cumbersome with new solutions. Around the X-Border World.
It’s no secret that growth in cross-border trade has been explosive, where digital commerce and devices have brought heretofore untapped consumers to companies — transacting across time zones, currencies and languages.
With the fall term quickly approaching, these institutions are preparing for the wave of student application and tuition payments coming from international students and their financial institutions overseas. After a few weeks of painful reconciliation, the problem was solved – and a business opportunity was born.
Tuition fees are among the largest payments families ever make — and in sending a child abroad or out of state to study, might there be some anxiety with sending off the check or hitting the “send” button and praying that the payment goes where it must via the cloud, thousands of miles away.
With so many international students, Carter said the university needed a service that could handle internationalpayment receivables. Students can make payments on time with the portal in place and, in many cases, can attend the university without disruption while also avoiding debt. “We InternationalPayment Plans.
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