Flywire announces Uni-Pay acquisition

28 October, 2015


Flywire (formerly peerTransfer), a provider of payment solutions for the international education industry, has announced the acquisition of UK tuition payment service Uni-Pay.  


Flywire has acquired Uni-Pay


Uni-Pay currently provides services to more than 60 institutions in the UK, including universities and English language schools.

With the acquisition, Flywire will serve over 120-UK based institutions, which the company said made it the market leader in the country. Worldwide, Flywire works with over 800 schools across 12 countries and is on track to process US$2 billion in tuition payments in the current academic year, it said.

“We are delighted to have Uni-Pay’s outstanding slate of educational clients join the Flywire community, and to be able to offer the industry’s number one international payment platform to them,” said Mike Massaro, CEO of Flywire.

“We’ve worked hard to earn our reputation for providing outstanding customer service and industry-leading technology to students and educational institutions around the world. The considerable experience and talents of the Uni-Pay employees joining our team will add greatly to our capabilities and further solidify that reputation.”

Headquartered in the USA, with operations in Europe, Asia and Australia, Flywire offers payment services to international students in more than 200 countries and territories. Using cloud-based solutions and payment volumes, the firm provides discounted currency conversion rates for payments on tuition and accommodation.

Paul Kennedy, Acting CEO of Uni-Pay, said, “This is truly a win-win-win solution for international students, educational institutions and the Uni-Pay/Flywire teams. Our clients and their students gain access to Flywire’s best-in-class foreign exchange rates, 24/7 multi-lingual servicing capabilities and broad choice of payment options. And the joint team is uniquely positioned to expand the success of Flywire here in the UK and across Europe.


Matthew Knott
News Editor

 

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