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Unlimit and Convera Partner to Ease Cross-Border Tuition Payment

Unlimit and Convera Partner to Ease Cross-Border Tuition Payment

Unlimit, a leading global fintech company, has partnered strategically with Convera, an international commercial fintech powerhouse, to empower its GlobalPay for Students platform. This collaboration aims to simplify tuition payments for students in developing countries, starting with Brazil. Convera will leverage Unlimit’s extensive alternative payment method (APM) portfolio to facilitate seamless cross-border tuition payments via the GlobalPay for Students platform using PIX, a famous Brazilian payment method.

PIX: A Key to Simplified Payments

PIX is one of Brazil’s most popular payment methods, boasting over 150 million users. In 2023, nearly two-thirds of the Brazilian population used PIX for online payments, and by 2026, it is projected to represent 40% of online payments in the country. For the approximately 90,000 Brazilian students studying abroad, the ability to pay tuition via PIX will significantly streamline the payment process, alleviating stress and financial complications.

Leaders’ Insights on the Partnership

Irene Skrynova, Unlimit’s Chief Customer Officer, expressed her enthusiasm: “The collaboration between Unlimit and Convera will simplify tuition payments for thousands of foreign students, keeping their focus on the most important thing: their education. This partnership reflects our ongoing goal to make payments truly borderless. We are helping Convera connect multiple universities worldwide to the most popular payment methods in the markets of their students’ origins. Together, we are redesigning the tuition payment landscape.”

Nicola Bennett, Global Director of Product at Convera, shared a similar sentiment: “We are incredibly excited about our partnership with Unlimit to offer PIX online bank transfer for seamless student tuition and fee payments. As Brazil’s outbound student market expands, we are thrilled to empower education providers globally to provide students with a simple payment experience. Convera looks forward to continued collaboration with the Unlimit team to open up new markets and make the student payment experience accessible and simple for payers across the globe.”

Expanding Horizons

The partnership between Unlimit and Convera is not limited to Brazil. The companies plan to extend their collaborative efforts to other emerging markets where international education is gaining traction. By connecting multiple universities worldwide to the most popular payment methods in their students’ home markets, they aim to optimise the tuition payment landscape further. This strategic alliance reflects a shared vision of making cross-border payments more secure, efficient, and user-friendly.

Both Unlimit and Convera are committed to meeting their customers’ evolving needs, preferences, and demands while adhering to regulatory requirements and local industry laws. Their focus on compliance ensures that their services remain secure and reliable, providing peace of mind to students and educational institutions alike.

Conclusion

The partnership between Unlimit and Convera marks a significant step towards simplifying tuition payments for students in developing countries. By leveraging innovative payment methods like PIX and focusing on emerging markets, they are making international education more accessible. This collaboration not only eases financial transactions for students but also reflects a broader commitment to making global payments truly borderless and efficient.

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