Flywire, a world funds enablement and software program firm, has expanded its strategic partnership with TenPay International, Tencent’s cross-border cost platform. The collaboration extends the supply of Weixin Pay (WeChat Pay) as a cost possibility for Chinese language college students and their households paying tuition charges to universities in South Korea and Malaysia.
The transfer is designed to digitise high-value training funds throughout two of Asia’s most dynamic educational corridors, offering a streamlined, localised expertise for college kids whereas bettering operational effectivity for academic establishments.
Catering to the shift in Asian pupil mobility
The expanded partnership comes at a time when pupil mobility inside Asia is accelerating. Pushed by components equivalent to geographical proximity, cultural affinity, and affordability, an growing variety of Chinese language college students are selecting to pursue their increased training nearer to house relatively than travelling to conventional Western locations.
Knowledge cited by Flywire highlights this exponential development. Chinese language pupil enrollment in Malaysia has elevated fivefold from 2019, reaching over 47,000 college students in 2024. Equally, South Korea continues to see a gradual rise in inbound college students from China, internet hosting roughly 73,500 in 2024.
Calvin Chen, vp of funds at Flywire, commented on the technique behind the enlargement: “As Chinese language college students more and more select to pursue research nearer to house, Flywire is executing a method to digitize high-value funds throughout these crucial, high-growth corridors.
“By deepening our collaboration with TenPay International and connecting Weixin Pay straight throughout the cost journey for Chinese language college students certain for South Korea and Malaysia, we’re offering the seamless, localized expertise that Chinese language college students demand whereas serving to our institutional purchasers seize this substantial new cost quantity effectively.”
Eradicating friction from cross-border tuition funds
For Chinese language households, paying worldwide tuition charges has historically been a posh course of fraught with friction, usually involving difficult financial institution transfers, extended processing occasions, and an absence of transparency relating to overseas change charges.
By way of this direct partnership, Flywire and TenPay International purpose to take away these boundaries. College students and their households can now provoke and full tuition funds in Renminbi (RMB) straight through their Weixin (or WeChat) app—a platform that’s ubiquitous in Chinese language every day life. This familiarity gives a degree of belief and comfort that conventional cost strategies usually lack.
For universities in South Korea and Malaysia, the combination provides important administrative advantages. By automating the reconciliation course of and making certain they obtain the complete quantity owed of their native foreign money, establishments can enhance their money circulate and scale back the workload on their finance groups.
A seamless strategy to digital funds
TenPay International, which connects the Weixin ecosystem with international companions, views the collaboration as a method to carry world-class reliability to the training sector.
“We’re dedicated to enhancing the expertise for our customers, and this enlargement with Flywire permits us to supply the acquainted comfort of utilizing Weixin Pay for Chinese language college students in these standard regional markets,” mentioned Wenhui Yang, chief government officer of TenPay International (Singapore). “For Chinese language college students finding out in South Korea and Malaysia, paying their tuition turns into simple and dependable, additional validating our seamless strategy to cross-border funds.”
The partnership underscores Flywire’s ongoing dedication to product and cost innovation, extending its footprint within the rising training markets of Asia. By embedding vertical-specific software program into the workflows of its purchasers, Flywire continues to optimise the cost expertise for hundreds of thousands of scholars worldwide.
