TORONTO; JERSEY CITY, – PayMyTuition, a leading provider of technology-driven global payment processing solutions for international tuition payments, announced the launch of domestic and e-wallet payment options from Vietnam to support the growing number of international students studying at colleges and universities in North America.
Vietnam, like it’s neighboring countries, is gravitating towards e-wallet and e-payment solutions because of the comfort and convenience they offer. E-wallet solutions allow users to load their e-wallet by connecting it to their bank account or loading it in any one of its 4000+ retail locations. Mobile and other online banking services is pushing incredible growth in e-commerce throughout the Vietnamese population with credit card rates of just 2%. That’s with just 31% of the country banking at all.
In a press release, PayMyTuition said that the launch of domestic payment rails in Vietnam will enable academic institutions to offer Vietnamese students studying abroad more choices to facilitate their tuition payments. “Vietnam can be a very complex currency exchange environment. Our payment rails in Vietnam offer international students a seamless payment experience and remove the complexity of international payments.” said Arif Harji, Chief Market Strategist at MTFX Group. “PayMyTuition is excited to be the first to offer in-country payment rails in Vietnam and connect these users to our partner schools in North America.”
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