Over 215,000 International Students Can Pay Their Tuition Using peerTransfer
peerTransfer, the leading provider of innovative global payment solutions for the education industry, experienced tremendous growth in the fourth quarter of 2012. The company partnered with 51 schools during the quarter, representing more than 38,000 international students. Over 25 percent of international students in the United States can now pay their education related expenses through peerTransfer. The latest schools to offer peerTransfer’s solution include the University of Minnesota – Twin Cities, the University of Colorado, SUNY University at Buffalo and the University of Regina. Additionally, the effectiveness of the solution was validated by University Business’ readers when they selected peerTransfer as one of 2012’s Top 100 Products in Higher Education.
When nominating peerTransfer for the University Business Top 100 Product award, John Hockersmith, associate director of receivables, loans, and collections at the University of Illinois commented, “peerTransfer provides our students with a substantially less expensive vehicle for remitting international wire transfer payments of their tuition and fees. peerTransfer also substantially reduces the University’s processing time for identifying and processing these payments onto the student accounts.”
peerTransfer is currently partnered with over 260 schools throughout the world and the company has accepted payments from over 170 countries. International students can choose from 47 currencies in which to pay their education related expenses and fees; a number that has nearly doubled since 2011.
In looking back at the growth over the past year Iker Marcaide, CEO of peerTransfer, commented, “In 2012 we have increased the number of payments that we processed by ten-fold and we have quadrupled the number of schools that we processed payments for. We are determined to maintain our growth momentum into 2013 and will continue to offer ground breaking solutions.”
As peerTransfer rapidly expands to include new products and currencies, the company will provide even greater service to educational institutions and their international students.
peerTransfer is the leading developer of innovative global payment solutions for the education industry. The company enables thousands of international students and hundreds of schools from all over the world to save time and money when making or receiving international payments. Compared to using traditional banks, students can save on lower fees, enjoy a more convenient online experience, and receive superior customer service when dealing with the complexities of international payments. Schools benefit from peerTransfer’s free solution because they remain compliant with ever-changing international regulations and save time and money by improving the processing and posting of international payments. The company is headquartered in Boston, with additional offices in Europe. For more information, visit www.peerTransfer.com.← Back to Articles