Rapyd, PayMyTuition team up for international tuition payments in LATAM and APAC

The partnership expands PayMyTuition’s ability to accept payments via bank transfers from several countries in Latin America and Asia Pacific through Rapyd’s platform, using a single API integration. In addition, it will allow users in Latin America and APAC to transfer funds to over 600 universities in the US and Canada, expediting settlement of tuition and fee payments to educational institutions for seamless enrolment of international students. 

Rapyd’s expertise in global cross-border and local payments will expand PayMyTuition’s presence in these regions by providing immediate access to a large network of banks in several countries in Latin America and Asia Pacific, cost efficiencies, and the ability to collect funds in local currencies while settling in the US. The services offered via the Rapyd Collect platform will be launched in Latin America with countries including Mexico, Argentina, Colombia, among others and with plans to expand into Vietnam, Malaysia, Indonesia, the Philippines and additional countries in the APAC region, where the demand for tuition remittance services into the US is growing significantly. The Rapyd Collect platform enables companies to reach billions of consumers who prefer to transact with local payment methods such as e-wallets, local cards, bank transfers, and cash.