Flywire Offers Tuition Discounts For Using A Mastercard

Flywire, the cross-border payment company, announced news on Tuesday (Aug. 15) that it is providing students and their families discounted prices on cross-border tuition payments made with Mastercard this school season.

In a press release, Flywire said the offer is available now to international students originating from 11 countries (including Australia, Canada, China, Hong Kong, Korea, Mexico, Malaysia, Russia, Saudi Arabia, the UAE and the United States) and attending any school around the world that offers Flywire as a preferred method for international tuition payments. The program will help students and families take a small bite out of the high cost of education, Flywire said in the release.

“Mastercard is an iconic global brand that our client schools and their student families trust for convenient and secure payments anywhere around the world,” said Mike Massaro, CEO of Flywire, in a prepared statement. “We’re pleased to join forces with Mastercard on this unique offering to provide a better payment experience and pass on even greater savings to reduce the cost of international exchange.”

According to Flywire, the discounted cross-border tuition payment offer will last through Sept. 30 and, as stated above, is open to all students coming from Australia, Canada, China, Hong Kong, Korea, Mexico, Malaysia, Russia, Saudi Arabia, the UAE and the United States. During this time, students will be able to make their international tuition payments using Mastercard credit or debit cards as the lowest cost card payment option with Flywire.

“Mastercard’s partnership with Flywire provides a more streamlined and cost-effective way for parents and students to pay for tuition,” said Linda Kirkpatrick, executive vice president of U.S. Market Development for Mastercard, in the same press release. “This promotion targets Flywire’s extensive global network in the education space and enables new acceptance of electronic payments in a vertical with significant opportunity for growth.”

According to Flywire, the number of students studying at colleges and universities outside their home countries is expected to hit seven million by 2022.