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Five Things to Look for in Cross-Border Payments in 2016 and Beyond - Business Wire

Business Wire

As the payment landscape continues to shift − driven by an increasingly global economy, the adoption of more digital-only channels, and increased concerns over security and transparency − Mike Massaro, CEO of Flywire (formerly Peer Transfer) weighed in on the future for global payments. One area in which he anticipates significant growth as well as continuing change is larger, cross-border payments.

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'Global Citizens' Will Shatter the Cross-Border Payments Status Quo

PaymentsSource – by Mike Massaro

The world of global payments is evolving rapidly – driven by an increasingly global economy, expanding consumer buying power in Asia and South America, rising adoption of digital payment methods, and increasing concerns over security and transparency.

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Platform for high-ticket, cross-border commerce

The Green Sheet

Flywire, a trademark of peerTransfer Corp., emerged in direct response to cross-border payment challenges students attending institutions abroad often face. Using student loans to seed the company under its original name, peerTransfer, Iker Marcaide founded the company in July 2009. The idea blossomed when, as an international student, he had to transfer money from London to Boston for an MBA program at MIT Sloan School of Management.

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Flywire Acquires Toronto-based ScholarFX

BetaKit – by Jessica Galang

Toronto-based ScholarFX, which offers a tuition payments platform for international students attending Canadian postsecondary institutions, has been acquired by cross-border payments platform Flywire.

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