{"id":246,"date":"2018-10-26T11:32:57","date_gmt":"2018-10-26T10:32:57","guid":{"rendered":"https:\/\/zeinalmaha.com\/?p=246"},"modified":"2018-10-30T11:42:33","modified_gmt":"2018-10-30T11:42:33","slug":"flywire-announces-indian-transfer-product","status":"publish","type":"post","link":"https:\/\/zeinalmaha.com\/?p=246","title":{"rendered":"Flywire announces Indian transfer product"},"content":{"rendered":"<p>Flywire has announced a new program it says will help students from India pay their tuition fees to global universities efficiently.<\/p>\n<figure style=\"width: 697px\" class=\"wp-caption alignnone\"><img decoding=\"async\" loading=\"lazy\" class=\"attachment-single-main wp-post-image\" src=\"https:\/\/d1pe6f90ru47yo.cloudfront.net\/wp-content\/uploads\/2018\/10\/26162211\/IMG_6338-e1540571023337-697x375.jpg\" sizes=\"(max-width: 697px) 100vw, 697px\" srcset=\"https:\/\/d1pe6f90ru47yo.cloudfront.net\/wp-content\/uploads\/2018\/10\/26162211\/IMG_6338-e1540571023337-697x375.jpg 697w, https:\/\/d1pe6f90ru47yo.cloudfront.net\/wp-content\/uploads\/2018\/10\/26162211\/IMG_6338-e1540571023337-300x162.jpg 300w, https:\/\/d1pe6f90ru47yo.cloudfront.net\/wp-content\/uploads\/2018\/10\/26162211\/IMG_6338-e1540571023337-150x81.jpg 150w\" alt=\"\" width=\"697\" height=\"375\" \/><figcaption class=\"wp-caption-text\">The global nature of Flywire&#8217;s ambitions can be seen in this mural at its HQ. Photo: Flywire.<\/figcaption><\/figure>\n<p>Working with Deutsche Bank, Flywire is offering a digital solution to cross-border payments from India, using the Reserve Bank of India framework, to avoid what the US firm referred to as \u201ccumbersome paperwork and declarations\u201d usually needed to transfer funds out of India.<\/p>\n<p>The product acts like marketplace where customers can access local methods to make payments against receivables in outside markets.<\/p>\n<p>\u201cWe are very pleased to be able to work with Deutsche Bank to offer this option to make cross-border transactions easier for Indian students and their families,\u201d Flywire\u00a0vice president of global payments\u00a0Ryan Frere said in a statement.<\/p>\n<p>\u201cIndia is one of the <a href=\"https:\/\/thepienews.com\/news\/india-now-fastest-growing-market-for-intled-bmidiac\/\" target=\"_blank\" rel=\"noopener\">fastest-growing source<\/a> countries for international students in the world and we strive to offer the most convenient and effective local payment methods,\u201d Frere added.<\/p>\n<p>Flywire has been working with Deutsche Bank since 2015, collaborating on a solution in Singapore and built local\u00a0solutions in Turkey, Japan. Now, Flywire says it\u00a0is among the first companies of its type to streamline the onshore collection of Indian Rupee for student fees.<\/p>\n<p>\u201cIt is great to see how automation can not only bring in efficiencies but also enhance controls on a regulatory process,\u201d\u00a0managing director and head-global transaction banking in India for Deutsche Bank Anjali Mohanty noted.<\/p>\n<p><em>Please note that this article was written by the whole PIE Editorial Team. You can read the original article on The PIE News by clicking <a href=\"https:\/\/thepienews.com\/news\/flywire-announces-indian-transfer-product\/\">here<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Flywire has announced a new program it says will help students from India pay their tuition fees to global universities efficiently. Working with Deutsche Bank, Flywire is offering a digital solution to cross-border payments from India, using the Reserve Bank of India framework, to avoid what the US firm referred to as \u201ccumbersome paperwork and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/zeinalmaha.com\/index.php?rest_route=\/wp\/v2\/posts\/246"}],"collection":[{"href":"https:\/\/zeinalmaha.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zeinalmaha.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zeinalmaha.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/zeinalmaha.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=246"}],"version-history":[{"count":1,"href":"https:\/\/zeinalmaha.com\/index.php?rest_route=\/wp\/v2\/posts\/246\/revisions"}],"predecessor-version":[{"id":247,"href":"https:\/\/zeinalmaha.com\/index.php?rest_route=\/wp\/v2\/posts\/246\/revisions\/247"}],"wp:attachment":[{"href":"https:\/\/zeinalmaha.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zeinalmaha.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zeinalmaha.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}