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peerTransfer surpasses $1bn in payments

US-based online payment platform peerTransfer has this month processed over $1bn in international education payments. After a concerted push for global expansion in 2014, the company recently welcomed its 500th client when it signed up Bournemouth University, home to 2,000 international students.

PeerTransfer to expand with $6.4m funding

International education payments firm PeerTransfer has raised US$6.4 million in new funding to help it grow its client base outside the USA. The firm, which halves the exchange rate for international students making tuition and other payments, is used by 350 education institutions worldwide, but 335 are based in the USA spelling room for growth.

peerTransfer: new payment methods for India, China

Payment transfer firm peerTransfer has launched six new payment methods from China and India that make it easier for international students to pay for tuition fees and other expenses. The firm says that it expects business from both markets to increase through the channels.

US firm enables education payments in CNY

US firm peerTransfer says it has become the first money transfer service to allow Chinese students to make direct educational payments overseas in their home currency. The system is open to those studying in the US, Europe, Australia and Canada, who peerTransfer claims could save $100m per year.