As eCommerce continues its growth, the demand for providing solid options for cross-border payments also rises. Without these payments, it’s likely we would see a slowdown in the economy.
One company that’s looking to help move the ball for cross-border payments is international payments and receivables solution Flywire. The Boston-based company has announced today its decision to partner with PayPal for its businesses, students and patients utilizing its platform.
This integration into the Flywire platform will be available in Canada, the European Union, the United Kingdom and the United States. Specifically, this new payment avenue will benefit businesses, educational institutions and healthcare institutions a way to broaden their offerings. By enabling international transactions through this PayPal partnership, Flywire is effectively making it easier for businesses, students and patients an additional way to make payments.
Flywire Vice President of Global Payments Ryan Frere commented on this partnership and shared his overall goal for joining forces. He said, “Our goal is to make sure we’re providing the best payment methods to folks around the world that need to make cross-border payments. We’re also looking to make sure our receivers are getting what they need to in a great payment experience for their payers. When you look at PayPal, which is so widely accepted, this partnership is a continued path of providing the best options to the payers available.”
As more companies look to enhance their payment offerings, it’s likely that we’ll continue to see these strategic partnerships grow.
