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Flywire Corporation (Flywire), a global payments enablement and software company, announced that it has partnered with TenPay Global, Tencent’s cross-border payment platform, to extend Weixin Pay (also known as WeChat Pay) as a payment option for Chinese students and families making education payments to universities in South Korea and Malaysia. Through this direct partnership with TenPay Global, Flywire further streamlines the payment experience for Chinese students looking to make international tuition payments in South Korea and Malaysia.
The expansion targets two of Asia’s most dynamic and fastest-growing academic destinations for Chinese students. Driven by factors including geographical proximity, cultural affinity, affordability, and more, student mobility within Asia is accelerating. Chinese student enrollment in Malaysia, for example, has seen exponential growth, increasing fivefold from 2019 to over 47,000 Chinese students in 2024. Similarly, South Korea continues to see a steady increase in inbound students, hosting approximately 73,500 Chinese students in 2024.
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“As Chinese students increasingly choose to pursue studies closer to home, Flywire is executing a strategy to digitize high-value payments across these critical, high-growth corridors,” said Calvin Chen, VP of Payments, Flywire. “By deepening our collaboration with TenPay Global and connecting Weixin Pay directly within the payment journey for Chinese students bound for South Korea and Malaysia, we are providing the seamless, localized experience that Chinese students demand while helping our institutional clients capture this substantial new payment volume efficiently.”
Through this expanded direct connection, Chinese students and their families can initiate and complete their tuition payments in Renminbi (RMB) via their Weixin (or WeChat) app. This removes traditional barriers associated with cross-border education payments, such as complexity and prolonged processing times. For institutions in South Korea and Malaysia, the integration ensures they receive the full amount owed, reconciled in their local currency, improving cash flow and operational efficiency.
“We are committed to enhancing the experience for our users, and this expansion with Flywire allows us to provide the familiar convenience of using Weixin Pay for Chinese students in these popular regional markets,” said Wenhui Yang, CEO of TenPay Global (Singapore). “For Chinese students studying in South Korea and Malaysia, paying their tuition becomes easy and reliable, further validating our seamless approach to cross-border payments.”
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