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Regulation and Compliance
September 27, 2024
Unlimit, a leading global fintech company, has announced that it has partnered with Convera, the global commercial fintech that powers international business by moving money with ease, to empower its GlobalPay for Students platform and simplify tuition payments for students in emerging markets. The partnership will kick off in Brazil, with Convera leveraging Unlimit’s comprehensive alternative payment method (APM) portfolio to enable the seamless payment of cross-border tuition fees via the GlobalPay for Students platform using PIX without additional charges.
PIX is one of Brazil’s most popular payment methods, with a user base of over 150 million customers. In 2023, nearly two-thirds of the country’s population used PIX for online payments. By 2026, it is predicted to represent 40% of the online payments made in Brazil. With nearly 90,000 Brazilian students studying abroad, the ability to pay via PIX will greatly simplify the lives of thousands of students.
Irene Skrynova, chief customer officer, Unlimit, said: “The collaboration between Unlimit and Convera will simplify tuition payments for thousands of foreign students, keeping their focus on the most important thing: their education. This partnership reflects our ongoing goal to make payments truly borderless. We are helping Convera connect multiple universities worldwide to the most popular payment methods in the markets of their students’ origins. Together, we are redesigning the tuition payment landscape.”
Nicola Bennett, global director, product, Convera, said: “We are incredibly excited about our partnership with Unlimit to offer PIX online bank transfer for seamless student tuition and fee payments. As Brazil’s outbound student market continues to expand, we are thrilled to empower education providers globally to provide students with a simple payment experience. Convera looks forward to continued collaboration with the Unlimit team to open up new markets and make the student payment experience accessible and simple for payers across the globe.”
The companies plan to continue their mission by broadening their partnership to include other emerging markets where international education is gaining popularity.
About Unlimit
Founded in 2009, Unlimit is a global fintech company that offers a large portfolio of financial services, including payment processing, Banking as a Service (BaaS), and an on-ramp fiat solution for crypto, DeFi, and GameFi. The company’s mission is to deliver solutions that eliminate financial borders, enabling businesses to operate locally and internationally easily across Europe, the UK, LatAm, APAC, India, and Africa. Unlimit has over 500 employees across 16 offices and five continents, including London, Singapore, São Paulo, Hong Kong, and Mexico. For further information, please visit https://www.unlimit.com/.
About Convera
Convera is a global commercial fintech that powers international business by moving money with ease. We provide tech-led payment solutions to help more than 26,000 customers globally grow with confidence, from small businesses to CFOs and treasurers. A leader in education payments, Convera is trusted by more than 1,000 institutions. As experts in foreign exchange, risk and compliance, with an unrivalled regulatory footprint, Convera’s financial network spans over 140 currencies and 200 countries and territories. For more information, visit: www.convera.com
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