TransferMate

The platform provides educational institutions with infrastructure for accepting international student payments, including embedded payment options, international receivables management, global accounts, and foreign exchange forwards. Students and payers can initiate transfers in their local currency through TransferMate's payment portal, with funds delivered to the institution's account in the required currency.

The system handles currency conversion, regulatory compliance, and payment tracking, and provides automated reconciliation that matches incoming payments to student records. TransferMate operates as a regulated payments institution with licences across multiple jurisdictions, enabling it to facilitate transfers between numerous countries and currencies.

Features include daily refund processing for student withdrawals or overpayments, multi-currency global accounts that allow institutions to hold and manage funds in different currencies, and integration capabilities with student information systems and finance platforms used by universities, colleges, and language schools. The service is used by higher education institutions, pathway providers, and education agents to manage the financial flows associated with international student recruitment and enrolment.