Flywire Partners with VTEX to Deliver Integrated Payment Experience to Higher Education Institutions across Latin America

Flywire’s integration with VTEX provides a streamlined payment experience across entire student financial lifecycle

Partnership underscores Flywire’s commitment to expansion throughout Latin America

BOSTON, March 21, 2024 (GLOBE NEWSWIRE) -- Flywire Corporation (Flywire) (Nasdaq: FLYW), a global payments enablement and software company, has announced a strategic partnership with VTEX, the global enterprise digital commerce platform. Incorporating Flywire’s digital education payment solution into the VTEX digital commerce platform enables a seamless payment experience for institutions looking to simplify on-campus transactions, from tuition and enrollment fees, to e-store payments and more, for students worldwide. The integration also supports both international and domestic payment flows, making the reconciliation process easier for school administrators.

Recent Flywire data shows that students studying in Mexico prefer one touch point for all their payment needs, especially for tuition, student fees and expenses. With Flywire, VTEX customers now benefit from payment processes that are automated end-to-end, including initial application fees, campus store purchases, tuition payments and more. This integration offers students and families effortless tracking and payment capabilities in their native currencies, while also enabling university accounting professionals to access all payment information within their record system. By integrating directly into the VTEX platform, Flywire helps universities streamline upgrades and ensures complex compliance standards, as well as tax considerations, are always up to date.

Integration supports institutions with goals to diversify and internationalize

Universities across Latin America are increasingly focused on attracting and enrolling students from outside the region. This trend is especially true in Mexico, where universities have set specific internationalization goals. One of these institutions is Tecnológico de Monterrey (“Tec”), a Flywire client benefiting from the collaborative integration with VTEX. Recognized as one of the most prestigious educational institutions in Latin America and spread across 32 cities in Mexico, Tec has a goal to increase the number of international student enrollments in the years ahead, and this integration helps to support those efforts.