Flywire is opening a new office in Sydney, Australia to support its local operations. The move builds on Flywire’s existing Asia-Pacific presence in Shanghai, China, Singapore and Tokyo, and strong growth worldwide.
Australia is the third most popular destination in the world for international education behind only the United States and the United Kingdom. According to the Australian Government Department of Education and Training, over 507,000 international students were enrolled in Australian schools in August 2016, up 12% from August 2015. China (17%), Malaysia (16%), India (11%), South Korea (8%) and Vietnam (3%) are the leading countries of origin. Australia features eight of the top 100 universities in the world according to TopUniversities.com and the Australian government makes A$200 million available every year for international scholarships.
In addition to entering the Australian market, Flywire has partnered with UniLink, the leading e-commerce and cashiering solutions provider in the Australian higher education market. This partnership ensures that universities have the option of a fully integrated platform to manage international payments as part of their existing payment systems.
“UniLink is pleased to partner with Flywire to provide an international solution to enhance payment channels and reduce reconciliation issues for our customer base. A number of universities have already implemented the solution and are extremely satisfied with the results,” commented David Heffernan, director of UniLink Data Systems.
Flywire currently serves more than 30 schools and universities, making fast, easy tuition payment available to international students traveling abroad each year to attend universities and schools in the country.
“Australia is a very popular and growing destination for international education and a key market in our global expansion,” said Mike Massaro, CEO at Flywire. “We are pleased to expand our cross-border payment services here to make the tuition payment process as easy, efficient and transparent as possible for the schools and their international students.”
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