BOSTON and SINGAPORE, Nov. 21, 2017 (GLOBE NEWSWIRE) — Flywire, a provider of international payment and receivables solutions, was awarded with the Global FinTech Award last week at the Singapore FinTech Festival. Flywire was one of ten companies recognized by the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) for innovative solutions developed and implemented by fintech start-ups, financial institutions, and technology companies. 300 candidates were evaluated by a panel of international experts from multiple domains on the impact, practicality, interoperability, and uniqueness of their solutions.
Flywire provides businesses, educational institutions, and healthcare providers with the ability to offer their customers a highly-tailored, international payment experience – customized by country, currency and vertical. Financial and operations teams also benefit from easy payment tracking and reconciliation. To date, the company has processed over $5 billion in international payments and established its platform as the preferred solution around the globe for cross-border payments and receivables processing.
“It’s an honor to be recognized by MAS and ABS for our efforts here in Singapore,” said Andrew Ong, managing director, Asia-Pacific region at Flywire. “We’ve made a big commitment to this market and established it as our home base for the entire Asia-Pac region. As our business continues to grow, we feel Singapore can provide all the talent and resources we need to succeed.”
The Singapore FinTech Festival is a platform for key stakeholders of the global and regional fintech community to connect, learn from one another, and co-create new solutions to real problems. The inaugural Festival in 2016 attracted more than 13,000 participants from across 60 countries. The Festival is organized by the Monetary Authority of Singapore (MAS), in partnership with the Association of Banks in Singapore (ABS), and in collaboration with SingEx.
Flywire is a leading provider of international payment solutions, connecting businesses and institutions with their customers on six continents. Introduced six years ago as a way for international students to pay their tuition for studies abroad, Flywire is now used by over 1,400 organizations across 19 countries around the world. The company processes billions in payments per year from 220 countries and territories, via bank transfer, credit card and e-wallet solutions, in over 120 different local currencies. Convenient, fast and secure, Flywire’s scalable platform provides currency conversion at exchange rates that can offer significant savings when compared to home-market banks and credit card providers. The company also supports its clients with end-to-end customer support including multilingual servicing via phone, email, and chat, as well as 24/7 online payment tracking.
Flywire is headquartered in Boston, MA with operations in London and Manchester, UK; Shanghai, China; Tokyo, Japan; Singapore; Sydney, Australia; and Valencia, Spain. For more information, visit www.Flywire.com.
CONTACT: Media Contact: Tim Walsh for Flywire +1 617.512.1641 firstname.lastname@example.org