Flywire and Discover announced a new partnership that provides students and schools around the world with digital options for education payments.
For the first time, students and their families will be able to use their Discover, Diners Club International and network alliance cards to pay tuition and fees at more than 2,000 education institutions around the world that offer Flywire for international education payments.
As the cost of tuition continues to rise, and more education institutions compete for international students, schools are trying to modernize their systems and provide a better payment experience. The partnership between Flywire and Discover solves both sides of the payment equation, providing students and families the ability to pay in their preferred method, while driving operational efficiencies for the institutions receiving payments.
Initially, the program will be available to Discover Global Network Cardholders in seven countries paying in six different currencies: Columbia (COP), Ecuador (USD), India (INR), Japan (JPY), Korea (KRW), Peru (PEN) and the United States (USD). These countries represent some of the fastest-growing markets for students studying abroad and Discover Global Network cards are a popular payment option in each of them. Flywire and Discover are actively working on expanding acceptance to more countries.
Flywire is the payment provider of choice for education institutions around the world. Its solution enables institutions to offer students a highly-tailored, convenient and secure online payment experience – customized by school, country, and currency – while also accelerating payments, easing reconciliation and streamlining operational expenses. The solution also enables institutions to create custom payment plans to provide students and families with greater flexibility.
“Discover is a leading digital bank and payments provider, and we’re very pleased to offer their popular Discover Global Network card brands as a payment option for the first time,” said Mohit Kansal, vice president of global payments for Flywire. “For client schools, it solves both sides of the payment equation—increasing payment options and convenience for their students and families, while minimizing the cost and complexity of reconciliation on their end.”
“Being a part of Flywire’s solution complements our goal of ensuring our cardholders can pay however and wherever they want,” said Ellie Smith, global head of digital acceptance at Discover. “Flywire’s impressive growth in the education industry and unique business model unlocks additional payment options for our cardholders across the globe.”