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peerTransfer Shows Strong Growth - Surpasses 300 Partner Schools in the First Quarter of 2013

peerTransfer, the leading provider of innovative global payment solutions for the education industry, surpassed 300 client schools during the first quarter of 2013. The company partnered with 48 new educational institutions in North America, Australia, and Europe representing over 150% growth compared to this time last year.

“I am thrilled to see peerTransfer’s continued expansion serving a broad spectrum of educational institutions that strive to simplify the international payment process for themselves and their students. peerTransfer is in a unique position because a new institution can start using our service within days, without any IT support. This is extremely valuable for potential partners as they plan for the 2013/2014 academic year,” said CEO, Iker Marcaide.

peerTransfer continues to make the payment process easier for international students across the globe and is projecting strong growth through the upcoming academic year. The company has accepted payments from over 200 countries for the 300+ institutions with which it is working.

Not only did peerTransfer sign notable schools in North America such as University of Pennsylvania, Bentley University, and the University of Washington, the company also continued to partner with educational institutions across the globe.

“The University of Pennsylvania is excited to partner with peerTransfer to streamline the payment process for our international students. Penn understands the challenges inherent with international payments and knows that peerTransfer will make it easier for our international students,” commented Michael Merritt, Senior Director, Administrative Support -Student Financial Services at the University of Pennsylvania.

peerTransfer expects healthy growth in the second quarter as educational institutions prepare to handle international payments more efficiently during the next billing cycle. In addition, the company continues to develop enhanced payment methods from key countries to make the international payment experience easier for all.

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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.

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