HDFC Bank has partnered with Flywire Corporation, a global payments enablement and software company, to enable Indian payers to pay international education fees to higher education institutions all over the world in a seamless and digital manner.
The integration would provide students and families with a streamlined experience when making high-value tuition payments, as well as assist them in meeting the requirements of the Liberalised Remittance Scheme.
According to the company, through the partnership, students will be able to make payments in Indian rupees and enjoy a secure and streamlined payment experience, with the assurance that the funds will be delivered to the educational institution. Similarly, institutions accepting payments via Flywire can benefit from receiving payments on time, in local currency, and with complete transparency into the transaction history.
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