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peerTransfer Adds Record Number of Educational Institutions in Q1

56 new colleges, universities and schools offer service for international payments

peerTransfer, the leading provider of global payment solutions for the education industry, announced today that 56 new institutions added its services for international tuition payment in the first quarter of 2015. The company serves over 650 educational providers worldwide, making it the number one processor of tuition, room and board for foreign students attending educational institutions around the globe. Brown University, University of Miami, Arkansas State University, University of Western Australia and the University of Winnipeg are just a few of the schools that added the service in Q1, joining existing peerTransfer clients such as Cornell, MIT, University of Illinois, University of Massachusetts–Amherst and University of Pennsylvania.

“We are delighted to offer peerTransfer’s payment services to our international students,” said Fran Lincoln with the Treasurer’s Office at Arkansas State University. “peerTransfer has built a simple, transparent solution that alleviates the complexities of international payments for students and for the University. peerTransfer.com makes it easy for students to send money from around the world, and for educational providers such as Arkansas State University to reconcile these payments to-the-penny.”

peerTransfer is a global payments platform serving international students from over 200 countries and territories. The platform provides an easy-to-use, cost-effective and secure way for students to pay their tuition and other expenses at institutions located primarily in the U.S., Canada, the United Kingdom and Australia. With its cloud-based infrastructure and growing payment volumes, peerTransfer offers discounted currency conversion rates that can result in significant savings vs. rates offered by banks and credit card companies in students’ home countries. The company provides an easy-to-use dashboard and 24/7 servicing that enable students and educational institutions to monitor payments and simplify reconciliation.

With peerTransfer, students and educational providers choose from a range of payment options including bank transfers, credit and debit cards, and online payment services such as Alipay in China. The 56 new institutions offering peerTransfer represent the single largest number of signings in any comparable time period in the company’s history. The company attributes this success to its singular focus on serving the unique needs of educational institutions and students around the globe.

“The business of sending and accepting payments has become exceedingly complex in today’s global education marketplace,” said Mike Massaro, chief executive officer for peerTransfer. “Our mission is to make tuition payment as simple for a Shanghai resident attending MIT as it is for a native Bostonian who commutes to UMass Boston. By taking the headache out of international tuition payment, we aim to make the business of education just a little bit more global."

About peerTransfer
peerTransfer is the leading provider of global payment solutions for the education industry, providing processing, tracking and reconciliation services for over 650 educational institutions worldwide. The company offers an easy-to-use, economical payment experience for international students from over 200 countries and territories. Using local bank transfers, online payments, and credit and debit cards denominated in local currencies, students can more easily and confidently pay for their international tuition, room and board at educational institutions around the world. peerTransfer’s discounted currency conversion rates can offer significant savings when compared to rates charged by home-market banks and credit card providers. The company offers great customer service and payment monitoring for both students and universities. peerTransfer is headquartered in Boston, with additional offices in Europe. For more information, visit www.peerTransfer.com.

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