As it prepares to host its second annual FlyForum U.K. event this week, Flywire is continuing to expand its cross-border payment business in the United Kingdom, Ireland and the rest of Europe.
Flywire allows businesses, educational institutions and health care providers to offer their customers a highly tailored international payment experience – customized by country, currency and vertical. To date, the company has processed over $5 billion in international payments.
Over the past year, the Boston-based company added over 100 new clients in the U.K. and Ireland, part of a 200+ percent increase in the volume of payments processed in the last two years across Europe. Flywire also expanded its support for payments globally, with the additions of Alipay in Asia and PayPal worldwide.
Flywire is also integrating Trustly as a preferred payment option for businesses and students in Europe making cross-border payments.
In addition, Flywire formed a reciprocal referral relationship with First Data in May, providing clients with seamless integration between Flywire’s international payment and receivables platform, and First Data’s vast client network and technology solutions. And in June, Flywire acquired PACE Invoice, a multi-currency invoicing platform that enables business, education and health care clients to more easily link invoices to cross-border receivables.
Now, the company is preparing for its second annual FlyForum U.K. event, which will be held in London on Nov. 14. The event is part of a global series designed to bring together global-focused educational institutions to discuss some of the key issues surrounding international student recruitment, cross-border payment processing, security and customer service.
Flywire has operations in London and Manchester, U.K.; Shanghai, China; Tokyo, Japan; Singapore; Sydney, Australia; and Valencia, Spain.
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