Flywire expands partnership with TenPay Global

Flywire (FLYW) Corporation announced that it has partnered with TenPay Global, Tencent’s cross-border payment platform, to extend Weixin Pay as a payment option for Chinese students and families making education payments to universities in South Korea and Malaysia. Through this direct partnership with TenPay Global, Flywire further streamlines the payment experience for Chinese students looking to make international tuition payments in South Korea and Malaysia. Through this expanded direct connection, Chinese students and their families can initiate and complete their tuition payments in Renminbi via their Weixin app. This removes traditional barriers associated with cross-border education payments, such as complexity and prolonged processing times. For institutions in South Korea and Malaysia, the integration ensures they receive the full amount owed, reconciled in their local currency, improving cash flow and operational efficiency.