HDFC Bank Teams With Flywire To Digitise Education Payments From India

HDFC Bank, India’s private-sector bank, has partnered with Flywire Corporation, a global payments enablement and software company, to enable Indian payers to seamlessly and digitally pay international education fees to higher education institutions all over the world. The integration provides students and families a streamlined experience when making high-value tuition payments and helps them comply with LRS requirements.

HDFC Bank integrates directly with Flywire’s platform, providing Indian students with a fully digital checkout experience for their transactions, ranging from application fees to tuition payments. Students can make the payment in Indian rupees and benefit from a secure and streamlined payment experience, with assurance that the funds are delivered to the educational institution. Likewise, institutions accepting payments through Flywire benefit from receiving payments on time in the local currency, as well as full transparency into the transaction history, which eases their reconciliation processes and streamlines operational efficiencies.