Rapyd and PayMyTuition partner so students from Latin America and Asia Pacific can make international tuition payments in minutes | Releases | America Edition

Rapyd and PayMyTuition are partners so that students from Latin America and Asia Pacific can make international tuition payments in minutes

PR Newswire

MOUNTAIN VIEW, California, August 11, 2020

The partnership will expand PayMyTuition’s payment options to receive tuition funds in local currencies in Latin America and Asia-Pacific through Rapyd’s individual API

MOUNTAIN VIEW, California, August 11, 2020 / PRNewswire / – Rapyd, a global company Fintech as a Service, today announced a partnership with PayMyTuition, a leading provider of technology-driven global payment processing solutions, expanding PayMyTuition’s ability to accept payments by bank transfer from several countries in Latin America and the Asia-Pacific region through the Rapyd platform, using a single API integration.

The partnership will allow users in Latin America and Asia-Pacific to transfer funds quickly and easily to more than 600 universities in the United States and Canada, and will streamline the payment of tuition and fees to educational institutions for a smooth student enrollment. International

“We are happy that PayMyTuition has chosen Rapyd to further expand its payment technology in Latin America and Asia Pacific, and we are very excited to be partnering with a leading, technology driven company to extend our strategic partnerships to the industry. educational services, “he says Vinay Shiriwastaw, Rapyd sales manager for the Americas. “We are confident that our deep local knowledge and the wide reach of our network will help accelerate the global facilitation of PayMyTuition tuition payments for international students, both online and on campus.”

Rapyd’s experience and knowledge in international and local payments will allow the expansion of PayMyTuition’s presence in these regions, offering immediate access to a large network of banks in several countries in Latin America and Asia-Pacific, increasing profitability and offering the ability to receive funds in local currencies in the United States. The services offered through the Rapyd Collect platform will be launched in Latin America in countries like Mexico, Argentina and Colombia, among others, with expansion plans in Vietnam, Malaysia, Indonesia, Philippines and other countries in the Asia-Pacific region, where the demand for license plate shipping services to the United States is growing significantly.

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“We are very excited about this partnership with Rapyd to expand our presence, both in Latin America and in the Asia-Pacific region, to offer fast and reliable tuition payments to educational institutions across North America and thus further increase our presence in worldwide, “says Arif Hariji, head of market strategy at MTFX Group. “This partnership supports our company’s overall initiative to ensure the best local experiences for our customers looking to send international tuition payments abroad, ensuring that transactions are fast, secure and profitable.”

The Rapyd Collect platform allows companies to reach millions of consumers who prefer to transact with local payment methods, such as e-wallets, local cards, bank transfers and cash. Rapyd Collect bypasses legacy collection platforms using an API that easily operates with over 900 local payment methods in more than 100 countries. The platform removes the complexities of local payments and streamlines operations from a single, integrated platform and visualization of funds reconciliation, reporting and settlement in more than 65 currencies.

For more information on the Rapyd Collect platform, visit www.rapyd.net/collect.

About Rapyd

Rapyd is the fastest way to increase local payments anywhere in the world, allowing companies worldwide to access markets faster than ever. By using the payment network and platform payments as a unique service from Rapyd, companies and consumers can carry out local and international transactions in any market. The Rapyd platform is unifying fragmented payment systems worldwide, bringing together more than 900 payment methods in more than 100 countries. Rapyd’s investors include Stripe, General Catalyst, Oak FT, Tiger Global, Durable Capital, Target Global, TaL Capital and IGNIA. To learn more about the company that is accelerating the fintech revolution as a service, visit www.rapyd.netread our Blog or follow us on LinkedIn and Twitter.

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About PayMyTuition by MTFX

PayMyTuition is part of Group of MTFX Companies, a global provider of foreign exchange and payment solutions over 23 years old, facilitating payments for more than 8,000 corporate and institutional customers across North America. Last year, the MTFX Group processed more than 10 billion in foreign currency in more than 220 countries and more than 120 currencies. MTFX has built its reputation with incredible people and excellent technology. Using a combination of “high-tech” and “high-touch” solutions, MTFX has become a leader in global online payments and foreign exchange services across North America. In addition to offering incredibly competitive exchange rates, MTFX’s “high contact” multilingual support 24 hours a day, 7 days a week, ensures that each transaction not only meets, but exceeds the level of service our customers expect. of us. MTFX is based on Toronto (Canada) and its headquarters in the United States Jersey city, New Jersey. For more information visit www.paymytuition.com and www.mtfxgroup.com.

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