Rapyd, a global B2B Fintech as a Service provider, announced on Tuesday it has formed a partnership with PayMyTuition, a provider of technology-driven global payment processing solutions for international tuition payments. The collaboration will notably expand PayMyTuition’s ability to accept payments through bank transfers from several countries in Latin America and Asia Pacific through Rapyd’s platform, using single API integration.
Rapyd further revealed that the partnership will allow users in Latin America and APAC to quickly and easily transfer funds to more than 600 universities in the U.S. and Canada, expediting settlement of tuition and fee payments to educational institutions for seamless enrollment of international students. Speaking about partnership, Vinay Shiriwastaw, Head of Sales for the Americas at Rapyd, stated:
“We are thrilled that PayMyTuition has selected Rapyd to further expand their payments technology across Latin America and APAC and we are very excited to partner with such a forward thinking and technology driven company as we expand our strategic partnerships into the education services industry.”
The services offered through the Rapyd Collect platform will be launched in Latin America with countries including Mexico, Argentina, Colombia, among others. Rapyd noted that there are plans to expand into Vietnam, Malaysia, Indonesia, the Philippines, and additional countries in the APAC region.