Convera, a prominent player in commercial payments, has partnered with Ascent One to introduce a new embedded payments solution tailored for the education sector.
The partnership aims to tackle the prevalent challenges of cross-border payments within the education industry.
By integrating Convera’s GlobalPay for Students into the websites and management systems of educational institutions, the process becomes less cumbersome and error-prone, enhancing the overall payment experience for international students and education agents.
Convera offers GlobalPay for Students, an international tuition payment platform that is now directly accessible through educational institution websites, thereby eliminating multiple redirections during the payment process. This integration allows students and education agents to conduct substantial cross-border payments through a single interface, ensuring security, flexibility in payment methods, transparency in pricing, and payments in local currencies.
On the other hand, Ascent One has adapted Convera’s embedded payments solution to provide a seamless payment experience for education agents, crucial in navigating students through their educational journeys, from selecting universities to managing admissions and payments.
Naresh Gulati, CEO of Ascent One, said, “We’re excited to work with Convera and have them as our primary global payments partner. By leveraging Convera’s embedded payments solution into our platform, education agents across 167 countries can seamlessly manage any part of the student’s study journey from recruitment to admissions to facilitating payments on the student’s behalf all from one place.
“It was an easy decision for us to choose Convera for their strong reputation, unparalleled global reach and trust within the education industry. Convera’s global financial network, cross-border payments knowledge, and robust compliance and security measures were driving factors for us.”
Julie Armstrong, VP, General Manager, Global Head of Industry Solutions & Partnerships at Convera, added, “For many students and their families, paying for their education tuition is one of the biggest transactions they will make in their life. We want to ensure they can do so with confidence and clarity. Through our partnership with Ascent One, we’re making it easier for students to focus on what is most important – their studies – by not only simplifying the payment process but giving them the peace of mind that their education institution will receive their payment in full and on time.”
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