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Flywire (Nasdaq: FLYW) has partnered with Avanse Financial Services, India's second-largest education-focused non-banking financial company, to streamline student loan disbursements for Indian students studying abroad.
The strategic collaboration enables Indian students to process education loan payments in Indian Rupees (INR) through Flywire's platform, offering transparent payment tracking and automated Tax Collected at Source (TCS) calculations. Key benefits include:
- Competitive foreign exchange rates
- Transparent payment tracking
- Enhanced international banking compliance
- Automated TCS management
- Simplified documentation process
The integrated solution is immediately available and supports payment flows from India to academic institutions worldwide. This partnership helps Flywire expand its footprint in India's education loan market while simplifying the international education payment process for students, schools, and financial institutions.
Flywire (Nasdaq: FLYW) ha stretto una partnership con Avanse Financial Services, la seconda più grande società finanziaria non bancaria focalizzata sull'istruzione in India, per semplificare l'erogazione dei prestiti studenteschi agli studenti indiani che studiano all'estero.
Questa collaborazione strategica permette agli studenti indiani di effettuare pagamenti dei prestiti educativi in Rupie Indiane (INR) tramite la piattaforma di Flywire, offrendo un tracciamento trasparente dei pagamenti e calcoli automatizzati della Tassa Raccolta alla Fonte (TCS). I principali vantaggi includono:
- Tariffe di cambio competitive
- Tracciamento trasparente dei pagamenti
- Conformità bancaria internazionale migliorata
- Gestione automatizzata della TCS
- Processo di documentazione semplificato
La soluzione integrata è disponibile immediatamente e supporta i flussi di pagamento dall'India verso istituzioni accademiche di tutto il mondo. Questa partnership aiuta Flywire ad espandere la sua presenza nel mercato dei prestiti educativi in India, semplificando il processo di pagamento internazionale per studenti, scuole e istituti finanziari.
Flywire (Nasdaq: FLYW) se ha asociado con Avanse Financial Services, la segunda compañía financiera no bancaria enfocada en educación más grande de India, para agilizar la distribución de préstamos estudiantiles para estudiantes indios que estudian en el extranjero.
Esta colaboración estratégica permite a los estudiantes indios procesar pagos de préstamos educativos en Rupias Indias (INR) a través de la plataforma de Flywire, ofreciendo seguimiento transparente de pagos y cálculos automáticos del Impuesto Recaudado en la Fuente (TCS). Los beneficios clave incluyen:
- Tipos de cambio competitivos
- Seguimiento transparente de pagos
- Mayor cumplimiento bancario internacional
- Gestión automatizada del TCS
- Proceso de documentación simplificado
La solución integrada está disponible de inmediato y soporta flujos de pago desde India hacia instituciones académicas en todo el mundo. Esta asociación ayuda a Flywire a ampliar su presencia en el mercado de préstamos educativos en India, facilitando el proceso de pago internacional para estudiantes, escuelas e instituciones financieras.
Flywire(나스닥: FLYW)는 인도에서 두 번째로 큰 교육 전문 비은행 금융회사인 Avanse Financial Services와 협력하여 해외에서 공부하는 인도 학생들의 학자금 대출 지급을 간소화했습니다.
이번 전략적 제휴를 통해 인도 학생들은 Flywire의 플랫폼을 통해 인도 루피(INR)로 학자금 대출 결제를 처리할 수 있으며, 투명한 결제 추적과 자동 원천징수세(TCS) 계산 기능을 제공합니다. 주요 혜택은 다음과 같습니다:
- 경쟁력 있는 환율
- 투명한 결제 추적
- 강화된 국제 은행 규정 준수
- 자동화된 TCS 관리
- 간소화된 서류 처리 절차
통합 솔루션은 즉시 이용 가능하며 인도에서 전 세계 교육 기관으로의 결제 흐름을 지원합니다. 이번 파트너십은 Flywire가 인도의 교육 대출 시장에서 입지를 확장하는 동시에 학생, 학교 및 금융 기관을 위한 국제 교육 결제 과정을 간소화하는 데 기여합니다.
Flywire (Nasdaq : FLYW) s'est associé à Avanse Financial Services, la deuxième plus grande société financière non bancaire en Inde spécialisée dans l'éducation, afin de faciliter le décaissement des prêts étudiants pour les étudiants indiens étudiant à l'étranger.
Cette collaboration stratégique permet aux étudiants indiens de traiter les paiements de prêts éducatifs en roupies indiennes (INR) via la plateforme Flywire, offrant un suivi transparent des paiements et des calculs automatisés de la taxe collectée à la source (TCS). Les principaux avantages comprennent :
- Taux de change compétitifs
- Suivi transparent des paiements
- Conformité bancaire internationale renforcée
- Gestion automatisée de la TCS
- Processus de documentation simplifié
La solution intégrée est immédiatement disponible et prend en charge les flux de paiement de l'Inde vers les établissements académiques du monde entier. Ce partenariat aide Flywire à étendre sa présence sur le marché des prêts éducatifs en Inde tout en simplifiant le processus de paiement international pour les étudiants, les écoles et les institutions financières.
Flywire (Nasdaq: FLYW) hat eine Partnerschaft mit Avanse Financial Services, dem zweitgrößten nicht bankgebundenen Finanzunternehmen Indiens mit Fokus auf Bildung, geschlossen, um die Auszahlung von Studienkrediten für indische Studenten im Ausland zu vereinfachen.
Die strategische Zusammenarbeit ermöglicht es indischen Studenten, Bildungsdarlehenszahlungen in Indischen Rupien (INR) über die Flywire-Plattform abzuwickeln, wobei eine transparente Zahlungsnachverfolgung und automatisierte Berechnungen der Quellensteuer (TCS) geboten werden. Die wichtigsten Vorteile sind:
- Wettbewerbsfähige Wechselkurse
- Transparente Zahlungsnachverfolgung
- Verbesserte internationale Bankkonformität
- Automatisiertes TCS-Management
- Vereinfachter Dokumentationsprozess
Die integrierte Lösung ist sofort verfügbar und unterstützt Zahlungsflüsse aus Indien an akademische Institutionen weltweit. Diese Partnerschaft hilft Flywire, seine Präsenz im indischen Bildungsdarlehensmarkt auszubauen und vereinfacht gleichzeitig den internationalen Bildungszahlungsprozess für Studenten, Schulen und Finanzinstitute.
Positive
- Strategic partnership with India's second-largest education NBFC expands payment flows to global academic institutions
- Integration unlocks new revenue stream from billions in Indian education loan payments
- Immediate solution deployment supporting worldwide academic payment flows
- Enhanced market penetration in India through integration with existing banking and loan systems
- Additional revenue potential from foreign exchange conversion fees
Negative
- Heavy dependence on Indian regulatory environment and TCS compliance
- Competitive pressure on foreign exchange conversion rates may impact margins
Insights
Flywire's partnership with Avanse unlocks significant Indian student loan payment flows, strengthening its position in a key education market.
Flywire's strategic partnership with Avanse Financial Services marks a calculated expansion into India's education payment ecosystem. By integrating with India's second-largest education-focused NBFC, Flywire positions itself to capture a portion of the billions of dollars in payment volume flowing from Indian students to international academic institutions.
The integration delivers clear operational advantages through streamlined payment processing, automated Tax Collected at Source (TCS) calculations, and transparent tracking capabilities. This addresses significant pain points in cross-border education payments while reducing administrative burdens for both students and institutions.
What's particularly noteworthy is the immediate availability of this solution, indicating completed integration work and suggesting near-term transaction processing can commence without delay. This partnership builds upon Flywire's existing banking integrations in India, demonstrating a methodical approach to market expansion.
From a strategic perspective, this collaboration aligns perfectly with Flywire's vertical-specific approach in education payments. Rather than developing lending capabilities internally, Flywire leverages its core competency in facilitating cross-border payments while expanding its payment flows through strategic partnerships.
For Flywire, the partnership represents new payment volume potential in one of the world's largest sources of international students without requiring significant capital investment. The education loan disbursement segment provides a reliable payment pipeline that complements Flywire's existing payment services.
Integrated solution enables Flywire to unlock new payment flows from India to academic destinations worldwide
Flywire further expands footprint in India, capitalizes on the billions of dollars of payment volume from education loans
BOSTON and MUMBAI, India, April 30, 2025 (GLOBE NEWSWIRE) -- Flywire Corporation (Nasdaq: FLYW) (Flywire), a global payments and enablement and software company, today announced its strategic partnership with Avanse Financial Services, India's second-largest education-focused non-banking financial company (NBFC). The collaboration simplifies the process of disbursing education loan payments for Indian students pursuing education opportunities abroad. The collaboration helps Flywire capitalize on tuition loan disbursements initiated by Avanse in Indian Rupees (INR) and builds on Flywire’s existing banking and loan integrations in India. The solution is available immediately and supports payment flows from India to academic destinations worldwide.
Through this integration, Flywire streamlines the entire payments experience for students who opt to get educational loans from Avanse. After loan approval, students process payments via Flywire entirely in Indian rupees, with the ability to monitor transactions until funds reach their university. Flywire ensures transparency over all loan disbursements, facilitates efficient refunds, and automates the complex Tax Collected at Source (TCS) calculations—ultimately saving both students and providers valuable time and resources while ensuring adherence to relevant tax guidelines.
"We're excited to collaborate with Avanse to enhance the process of student loan disbursements from India," commented Mina Fakhouri, SVP, APAC & Global Agents at Flywire. "The combination of Avanse’s presence in India and Flywire's innovative payment technology addresses a crucial market gap for both students and lending institutions. India remains an important market for Flywire, and we're excited to work together to deliver value to our partners, payers, educational institutions and beyond."
Additional benefits of the integration between Flywire and Avanse are expected to include:
- Competitive foreign exchange conversion rates for students
- Providing transparent payment tracking for students, schools and financial institutions
- Enhancing compliance with international banking regulations
- Managing TCS calculations for payments
- Simplifying the documentation requirements for both students and institutions
Rajesh Kachave, Chief Business Officer – Student Lending International Business of Avanse Financial Services, commented: "We believe in providing a holistic education financing experience. This collaboration with Flywire will create compelling and sustaining value for our customers, enabling them to focus entirely on their academics while leaving the financial complexities to us.”
About Flywire
Flywire is a global payments enablement and software company. We combine our proprietary global payments network, next-gen payments platform and vertical-specific software to deliver the most important and complex payments for our clients and their customers.
Flywire leverages its vertical-specific software and payments technology to deeply embed within the existing A/R workflows for its clients across the education, healthcare and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP systems, such as NetSuite, so organizations can optimize the payment experience for their customers while eliminating operational challenges.
Flywire supports more than 4,500 clients with diverse payment methods in more than 140 currencies across more than 240 countries and territories around the world. The company is headquartered in Boston, MA, USA with global offices. For more information, visit www.flywire.com. Follow Flywire on X , LinkedIn and Facebook.
About Avanse Financial Services
Avanse Financial Services Limited is an education-focused non-banking financial company (NBFC) on a mission to provide seamless and affordable education financing for every deserving Indian student. The company offers loans across three key segments:
Student Loan - International – Customized education financing solutions for Indian students pursuing undergraduate & postgraduate courses overseas
Education Loans Domestic – Customized financing solutions for Indian students seeking higher education at domestic institutions. It also includes loans for professionals engaging in executive learning programs, as well as financing for both curriculum fees for students enrolled in accredited schools and non-curriculum fees associated with skilling programs, executive education, and test preparation courses, all in India.
Educational Institution Loans – Collateral-backed financing solutions to private educational institutions, generally K-12 schools, located in peripheral areas of tier I cities and in tier II and beyond cities in India. For more information, please click here.
Safe Harbor Statement
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding Flywire’s expectations regarding the benefits of its education clients and business, Flywire’s business strategy and plans, market growth and trends. Flywire intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terms such as, but not limited to, “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “target,” “plan,” “expect,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. Such forward-looking statements are based upon current expectations that involve risks, changes in circumstances, assumptions, and uncertainties. Important factors that could cause actual results to differ materially from those reflected in Flywire's forward-looking statements include, among others, the factors that are described in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of Flywire's Annual Report on Form 10-K for the year ended December 31, 2024, which is on file with the Securities and Exchange Commission (SEC) and available on the SEC's website at https://www.sec.gov/. The information in this release is provided only as of the date of this release, and Flywire undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
Contacts
Flywire
Media:
Sarah King
Media@Flywire.com
Investor Relations:
Masha Kahn
IR@Flywire.com
Avanse Financial Services
Koeli Dutta | Lead – Corporate Communication & Content
Mobile: +91 8879330544
Email ID: koeli.dutta@avanse.com
FAQ
What is the impact of Flywire's (FLYW) partnership with Avanse Financial Services in 2025?
The partnership enables Flywire to digitize and streamline student loan disbursements from India to universities worldwide, offering competitive forex rates and automated TCS calculations. This strategic move helps Flywire tap into billions of dollars in education loan payment volume from India.
How does the Flywire-Avanse partnership benefit Indian students studying abroad?
Indian students can process education loan payments entirely in rupees, track transactions transparently, and benefit from competitive foreign exchange rates. The partnership also simplifies documentation requirements and handles Tax Collected at Source (TCS) calculations automatically.
What are the key features of Flywire's (FLYW) student loan disbursement system with Avanse?
Key features include rupee-based payments, transparent transaction tracking, automated TCS calculations, efficient refund processing, and compliance with international banking regulations. The system is immediately available for payments to academic institutions worldwide.
How will Flywire's expansion in India affect its market presence?
The partnership with Avanse, India's second-largest education-focused NBFC, allows Flywire to expand its footprint in India and capitalize on the significant education loan payment volume, while building on existing banking and loan integrations in the region.
What are the compliance benefits of the Flywire-Avanse partnership for international students?
The partnership ensures adherence to tax guidelines, automates TCS calculations, enhances compliance with international banking regulations, and simplifies documentation requirements for both students and institutions.
