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Tencent
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WeChat Pay, Flywire make Chinese students’ overseas tuition payments ‘as easy as sending a chat’

  • Flywire’s ‘direct connection with Tencent makes the payment experience more convenient and streamlined’, executive at US firm says
  • Confident that new partnership with Flywire will make paying for education ‘as easy as sending a chat’: Tencent

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The new partnership between Flywire and WeChat Pay comes amid rising cross-border activity following the reopening of China’s borders. Photo: Shutterstock Images
Iris Dengin Shenzhen
Tencent Holdings’ WeChat Pay e-wallet unit and US payments platform Flywire have streamlined the payments process for Chinese students abroad, making it easier for them to pay their tuition fees as part of a new partnership.

Boston, Massachusetts-based Flywire, a major cross-border payments platform for universities globally, said on Thursday that the “direct connection” with WeChat Pay – known as Weixin Pay in mainland China – would make it easier for Chinese students and their families to make tuition payments from China.

“Flywire has long offered Weixin Pay as a payment method, but the direct connection with Tencent makes the payment experience more convenient and streamlined,” Mohit Kansal, Flywire’s senior vice-president of global payments and payer services, said in a statement without providing further details.

Chinese users can also make payments on Flywire through Alipay, another major e-wallet in China operated by Ant Group, Union Pay, credit cards and bank transfers. Ant is an affiliate of Alibaba Group Holding, which owns the South China Morning Post.

The new partnership comes amid rising cross-border activity following the reopening of China’s borders. A rising number of Chinese students are seeking higher education abroad after Beijing dropped its stringent Covid-19 control policies late last year.

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