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Business Wire
7 days ago
- Business
- Business Wire
EasyTransfer Scales Student Payment Services in North America with Integrated Backend Solutions for Universities
SINGAPORE--(BUSINESS WIRE)-- EasyTransfer, a global leader for student-centric cross-border tuition payments, today announced its expansion in North America with a new integrated backend solution for universities and two new key hires. This marks a significant milestone in the Singapore-based global education fintech company's mission to simplify and streamline international education payments globally and builds on over a decade of success, with more than $3.5 billion in annual tuition payments processed and over 800,000 international student families served. Backed by renowned investors including Tencent and IDG Capital, and integrated with major platforms like the WeChat App, UnionPay App, and leading commercial banks, EasyTransfer has earned the trust of students and families globally. Now, the company is expanding its best-in-class experience to universities, colleges and independent schools. 'Deeper investment in North America is a natural next step for us,' said Tony Gao, Co-Founder and President of EasyTransfer. 'Putting students and families first has always been in EasyTransfer's DNA—it's good ethics and a smart approach that we want to make sure international students in North America can benefit from. Our partners also get to see stronger payment adoption, higher retention, and happier students.' To lead its expansion across the U.S. and Canada, EasyTransfer has appointed cross-border payments veteran Andy Benkis as Vice President of Operations and Business Development, North America. Andy brings over 20 years of experience in the payments industry, including leadership roles at First National of Nebraska—the largest privately held bank in the U.S.—as well as Fortune 500 companies such as StoneX and Western Union Business Solutions. He is joined by Stephen Golding as Strategic Advisor. Golding's previous roles as Executive Vice President of Finance and Administration at Cornell University and Chief Financial Officer at the University of Pennsylvania bring deep institutional insight to the expansion. This North American expansion follows the company's successful growth in the U.K., where EasyTransfer is quickly becoming the payment provider of choice for students from major source country markets including China, India, and Nigeria. In 2024 alone, the company facilitated billions of pounds in payments to British institutions—including 11 university partners, four of which are from the prestigious Russell Group. With an in-house IT development team, EasyTransfer seamlessly integrates with its university partners' systems to further enhance the international payment experience for students. Powering the Next Wave of Global Education While EasyTransfer's roots are in providing D2C payment solutions for students, the company has rolled out a streamlined backend option tailored for North American schools—ensuring faster recognition of payments and improved compliance. Payment queries are then also redirected from educational institutions to EasyTransfer's 1-to-1 human support team, easing the burden on partners' resources and simplifying tuition payment processes. Now, with international students themselves requesting deeper integrations at their universities and schools, EasyTransfer is inviting North American institutions to partner in co-creating a student-first future for global education payments. 'In a space long dominated by now aging platforms, EasyTransfer stands out,' said Stephen. 'They've earned student trust at scale. That's rare—and it's powerful.' Built by Students, for Students This includes being built into mobile banking apps and country-specific instant messaging EasyTransfer's direct-to-consumer (D2C) model disrupted the traditional cross-border payment market by offering lower fees, better exchange rates, and 1-to-1 human support in the payer's native language and time zone—all through familiar, local channels apps, creating a 'pay like a local' experience across Greater China, Southeast Asia, South Asia, and Africa. 'Most providers optimize for institutions,' said Andy. 'We optimize for families, which maximizes our impact for institutions. That's why our average student makes over six repeat payments through EasyTransfer—a clear sign of satisfaction and trust in our services.' EasyTransfer partners with international agents, schools, accommodation providers, student associations, and counselors to support every stage of the student journey, from selecting their preferred institution through receiving their degree. This comprehensive, grassroots approach has fueled strong organic growth and deep loyalty, with students themselves now calling for deeper integration of EasyTransfer into university payment systems.
Yahoo
01-04-2025
- Business
- Yahoo
UnionPay Expands Payment Network in Australia with MyDeal Integration, Enhancing Payment Convenience for Australian Shoppers
SYDNEY, April 1, 2025 /PRNewswire/ -- Recently, UnionPay International (UPI or the Company) continues to expand its footprint in Australia with the integration of UnionPay acceptance on MyDeal, one of the country's leading online retail marketplaces. This partnership enhances shopping convenience and streamlines the payment experience for UnionPay users, reinforcing UPI's commitment to secure, seamless, and efficient digital transactions worldwide. MyDeal is a premier Australian online retail platform known for its wide selection of home and lifestyle products and a strong base of loyal customers. With this collaboration, MyDeal shoppers can now easily select UnionPay as their preferred payment method at checkout, benefiting from a smooth, intuitive, and secure transaction process. This marks another milestone in UPI's efforts to broaden payment accessibility and improve the digital shopping experience for Australian users. UnionPay has established an extensive payment network in Australia, offering several benefits to long-term UnionPay cardholders. UnionPay's extensive online payment network spans various sectors, including department stores, supermarkets, hotels, and bill payments. With the UnionPay App's Australian payment feature, UnionPay cardholders can conveniently pay tuition fees, utility bills, and other living expenses via BPAY. Beyond online payments, UnionPay has also built a strong offline payment network in Australia. Nearly 95% of offline merchants and 99% of ATMs nationwide accept UnionPay. Additionally, 90% of UnionPay-accepting merchants support UnionPay QuickPass, which facilitates fast, contactless transactions. The synergy between UnionPay's online and offline payment capabilities ensures that Cardholders benefit from a seamless, all-encompassing payment experience across different scenarios. By expanding its e-commerce footprint with MyDeal, UnionPay continues to enhance digital payment convenience for Australian consumers. This collaboration underscores UPI's dedication to advancing secure and seamless payment experiences, further strengthening its role in the evolving digital economy. About MyDeal Established in 2011 in Melbourne, MyDeal is a premier online retail marketplace in Australia, offering a carefully curated selection of high-quality home and lifestyle products from trusted retailers. MyDeal has become a preferred destination for value-conscious shoppers, delivering competitive prices, top brands, and an outstanding customer experience. Committed to making life more affordable for all Australians, MyDeal strives to provide the best deals and a seamless shopping journey. For more information, visit About UnionPay International UnionPay International (UPI) is dedicated to expanding and supporting UnionPay's global business. With partnerships across more than 2,600 institutions worldwide, UnionPay cards are accepted in 183 countries and regions, with issuance in 84 of them. UPI delivers high-quality, cost-effective, and secure cross-border payment solutions to the world's largest cardholder base, ensuring seamless local services for global cardholders and merchants. View original content: SOURCE UnionPay International Sign in to access your portfolio
