Korea – July, 2025 – Flywire Corporation (Flywire) (Nasdaq: FLYW), a global payments enablement and software company, announced a partnership with UBION, an education technology provider in Korea, to enhance tuition payments for international students in Korea. This collaboration integrates Flywire’s secure international payment platform with UBION’s educational services to simplify cross-border tuition payments for students and institutions.
Effective immediately, parents of international students will be able to pay tuition fees and other education expenses in their local currency, utilizing Flywire’s secure platform, which supports over 140 currencies and multiple payment methods.
Empowering International Students and Universities
This partnership delivers key advantages for students, parents, and universities:
- Seamless Payment Experience – Students can pay tuition in their preferred currency with localized payment options, reducing processing delays and foreign exchange uncertainties.
- Real-time payment tracking: Flywire sends email and text status updates so students can easily track payments from initiation to delivery.
- Increased Security & Compliance – Backed by first-class security and compliance, Flywire's comprehensive solution helps minimize fraud and reduces anti-money laundering (AML) scope.
- Alleviate administrative burdens and manual processes – Flywire's automated payment and reconciliation coupled with around-the-clock multilingual support enables institutions to speed processes and reduce inbound call volume by 40% to help drive efficiency.
Industry Leaders Endorse the Partnership
“This partnership is a significant step in improving cross border payments for international students and their families,” said Rodney Kim, Senior Strategic Partner Manager at Flywire. “By working with UBION, we’re making cross-border payments simpler and more secure, while helping institutions reduce administrative burden.”
JaeHwan Lim, CEO of UBION, added, “Partnering with Flywire allows us to streamline the payment process for students and their families, while giving institutions a more secure and efficient way to manage transactions. It’s a meaningful step in strengthening the support we provide to our international student community.”
About Flywire
Flywire is a global payments enablement and software company. We combine our proprietary global payments network, next-gen payments platform and vertical-specific software to deliver the most important and complex payments for our clients and their customers.
Flywire leverages its vertical-specific software and payments technology to deeply embed within the existing A/R workflows for its clients across the education, healthcare and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP systems, such as NetSuite, so organizations can optimize the payment experience for their customers while eliminating operational challenges.
Flywire supports more than 4,600 clients with diverse payment methods in more than 140 currencies across more than 240 countries and territories around the world. The company is headquartered in Boston, MA, USA with global offices. For more information, visit www.flywire.com. Follow Flywire on X , LinkedIn and Facebook.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding Flywire’s expectations of its global education business. Flywire intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terms such as, but not limited to, “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “target,” “plan,” “expect,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. Such forward-looking statements are based upon current expectations that involve risks, changes in circumstances, assumptions, and uncertainties. Important factors that could cause actual results to differ materially from those reflected in Flywire's forward-looking statements include, among others, the factors that are described in the “Risk Factors” and “Management's Discussion and Analysis of Financial Condition and Results of Operations” sections of Flywire's Annual Report on Form 10-K for the year ended December 31, 2024, and Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, which are on file with the Securities and Exchange Commission (SEC) and available on the SEC's website at https://www.sec.gov/. The information in this release is provided only as of the date of this release, and Flywire undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
Contacts
Media:
Sarah King
[email protected]
Investor Relations:
Masha Kahn
[email protected]
About UBION
UBION is a leader in education technology in Korea, providing innovative solutions that support educational institutions and students. By integrating Flywire’s global payment capabilities, UBION is enhancing the tuition payment process, allowing parents and students to pay tuition and other fees in their local currency. This partnership reduces administrative burdens for institutions and improves payment success rates for international students.
Together, Flywire and UBION are making international tuition payments more seamless and accessible for students and families worldwide.
For further information or to schedule a demo, please visit http://www.ubion.co.kr/
To learn more about this partnership, please contact Yoonah Kwon, Sales Manager, EDU, Korea: yoonah.kwon@flywire.com