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August 28, 2019updated 08 Jul 2020 11:05am

PayMyTuition, EbixCash World Money partner on tuition payments

PayMyTuition, which offers international payment solutions for universities and colleges, has integrated EbixCash World Money remittance service as an option to support student payments from India.

EbixCash World Money, the Indian division of on-demand software and e-commerce services provider Ebix, has over 320,000 distribution outlets across more than 5500 locations in the country.

The alliance is said to deliver “substantial” currency exchange savings and streamline payment processes.

The companies also believe that the partnership will boost efficiencies through improved compliance on outbound tuition remittances.

Commenting on the partnership, EbixCash World Money CEO and managing director T C Guruprasad said: “Our footprint in India coupled with PayMyTuition’s direct integration into student information systems offers an exciting opportunity to change the international tuition remittance landscape in India.”

PayMyTuition is a unit of the MTFX Group of Companies, which is said to have processed over 10 billion in currency exchange across more than 220 countries last year.

MTFX chief market strategist Arif Harji said: “EbixCash World Money’s footprint in India coupled with their focus on technology allows PayMyTuition to offer payers in India significant savings on tuition remittances while offering local in-country customer support across India.”

This February, EbixCash World Money bought a controlling stake in Weizmann Forex.

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