Flywire Expands Cross-Border Payment Options with PayPal

Flywire Expands Cross-Border Payment Options with PayPal

ID: 549692

(Thomson Reuters ONE) -


Adds choice and convenience for businesses, students and patients

BOSTON and COPENHAGEN, Denmark, June 26, 2017 (GLOBE NEWSWIRE) -- Flywire, a
leading provider of international payment and receivables solutions, today
announced the addition of PayPal to its options for businesses, students and
patients making cross-border payments via its platform.  Flywire will add PayPal
as a new payment method for payers in Canada, the European Union, the United
Kingdom and the United States. The integration will streamline payment
reconciliation for clients that offer Flywire for international transactions,
and give businesses, students and patients another popular option when making
those payments.

Flywire provides businesses, educational institutions, and healthcare providers
with the ability to offer customers a highly-tailored, international payment
experience - customized by country, currency and vertical. The platform helps
client organizations streamline the management and tracking of international
receivables.

PayPal has more than 200 million active account holders that use its platform to
make payments around the world via mobile devices, in an app, or in person. It
has become one of the most popular payment methods available.

"PayPal's technology leads the industry in payment processing options," said
Jason Smith, Global Channel Sales, PayPal. "We are pleased to deliver Flywire's
customers a secure and effective way to conduct international financial
transactions."

"We're very pleased to be able offer PayPal as another core payment option for
our clients and their customers," said Ryan Frere, Vice President of Global
Payments for Flywire. "It furthers our objective of taking the friction out of
international payments and making them every bit as familiar, easy and
convenient as domestic payments."





About Flywire
Flywire is a leading provider of international payment solutions, connecting
businesses and institutions with other businesses and consumers on six
continents. Introduced six years ago as a way for international students to pay
their tuition for studies abroad, Flywire is now used by over 1,300
organizations across 18 countries around the world. The company processes
billions in payments per year from 220 countries and territories, via bank
transfer, credit card and e-wallet solutions, in over 120 different local
currencies. Convenient, fast and secure, Flywire's scalable platform provides
currency conversion at exchange rates that can offer significant savings when
compared to home-market banks and credit card providers. The company also
supports its clients with end-to-end customer support including multilingual
servicing via phone, email, and chat, as well as 24/7 online payment tracking.

Flywire is headquartered in Boston, MA with international operations in London
and Manchester, UK; Shanghai, China; Tokyo, Japan; Singapore; Sydney, Australia;
and Valencia, Spain. For more information, visit www.Flywire.com.

Media Contacts:
Tim Walsh
Walsh Group Marketing
+1 617.512.1641
timw(at)walshgroupmarketing.com




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Flywire via GlobeNewswire




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Bereitgestellt von Benutzer: hugin
Datum: 26.06.2017 - 09:00 Uhr
Sprache: Deutsch
News-ID 549692
Anzahl Zeichen: 3828

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