PayMyTuition today announced that it has introduced PayPal as a multi-currency payment option for international students to fund their tuition payments, making it easier than ever to pay tuition fees in local currencies globally.
PayPal allows customers to pay for tuition and related fees by using their credit cards, bank accounts and stored balances, without having to share their financial information. Statistics from the first quarter of 2018 show the total number of active PayPal user accounts to be 277 million worldwide – this number represents a 17% year-on-year growth. PayPal has become a widely accepted method of payment for everything from online shopping to travel, and now education.
“Higher education has become increasingly open to adopting new methods of payment as international studying becomes more common in Canada and the United States. PayMyTuition has partnered with PayPal to allow for multi-currency transfers to educational institutions in Canada and the United States,” said Arif Harji, Chief Market Strategist at MTFX Group. “Our goal has always been customer centricity, allowing convenient payments through PayPal is one of many key initiatives PayMyTuition has taken towards providing a high-class customer experience.”
PayMyTuition is part of the MTFX Group of Companies, a foreign exchange and global payments solution PayMyTuition is part of the MTFX Group of Companies, a foreign exchange and global payments solution provider with a track record of 23+ years, facilitating payments for over 8,000 corporate and institutional clients across North America. Last year MTFX Group processed over 10 billion in currency exchange across 220+ countries in over 120 different currencies. MTFX has built its reputation on amazing people and great technology. Using a blend of “high-tech” and “high-touch” solutions, MTFX has grown to become a leader in online foreign exchange and global payment services across North America. In addition to offering incredibly competitive currency exchange rates, MTFX’s “high-touch” 24/7 multilingual customer support ensures that every transaction not only meets but exceeds the level of service our customers expect from us. MTFX is headquartered in Toronto, Canada with its US headquarters in Jersey City, NJ. For more information visit www.paymytuition.com.