We’re excited to announce several new capabilities that our educational clients and partners can now benefit from by working with TransferMate. In the rapidly evolving landscape of international payments, TransferMate continues to bring further benefits to our clients by expanding its services and enhancing our global footprint.
TransferMate Secures TX Ramp Certification, Expanding Opportunities in Texas
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TransferMate has been approved under the Texas Risk and Authorization Management Program (TX RAMP). This certification is a key step, particularly for our education partners, to collect and approve payments for universities and student housing providers in Texas. TX RAMP certification provides a comprehensive review of the security and privacy measures of services required by Texas state entities.
Texas is known for having some of the most stringent accreditation processes in the U.S., making the TX RAMP certification a significant achievement. It validates TransferMate's capabilities in Texas and opens the door to further state accreditation.
TX RAMP certification is particularly beneficial for our partners, who can leverage TransferMate infrastructure to benefit their clients operating in Texas. The approval solidifies TransferMate’s position as the go-to trusted payments partner.
New Collection Capabilities in the Republic of Korea, Egypt, Turkey and South Africa
TransferMate has introduced new collection capabilities in the Republic of Korea, Egypt, Turkey and South Africa. These countries represent key markets for international student payments, and TransferMate’s latest offerings will allow for the collection of local currencies meaning the students can ‘pay like a local’ while we handle all the international money transfers.
By expanding our offering for students and institutions alike, the payment process is further simplified and offers significant savings on exchange rates. TransferMate continues to expand its global footprint, enabling educational institutions and housing providers to accept payments in local currencies and convert them efficiently within a transparent and fully regulated network.
Updated Services in Pakistan, Nigeria, and Indonesia: Preferential FX Rates for International Students
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As part of its global expansion, TransferMate has updated its services in Pakistan, Nigeria, and Indonesia, offering preferential foreign exchange (FX) rates in these regions.
Students from these countries benefit from more cost-effective payment solutions, easing the financial burden of studying abroad. Institutions can monitor transactions in real-time through the TransferMate Platform, acting as a single source of truth for all inbound payments. Payment matching makes it easier for institutions to assign funds to each individual registration, making it easier for institutions to reconcile funds.
TransferMate continues to uphold the highest regulatory standards, ensuring that all transactions are compliant and secure, further strengthening its commitment to supporting international education and delivering a seamless payment experience for its clients.
To learn more about how TransferMate can you help you upgrade your international student payment process, contact our education team today.
