Unlimit, a prominent global fintech company, has teamed up with Convera, an international commercial fintech leader, to enhance the GlobalPay for Students platform and simplify tuition payments for students in developing countries. This partnership is launching in Brazil, where Convera will utilize Unlimit’s extensive range of alternative payment methods (APMs) to facilitate cross-border tuition payments through the GlobalPay platform using PIX, without incurring additional fees.
PIX is a highly popular payment method in Brazil, boasting a user base of over 150 million. In 2023, nearly two-thirds of the Brazilian population used PIX for online transactions. It is projected that by 2026, PIX will account for 40% of Brazil's online payments. With approximately 90,000 Brazilian students studying abroad, the option to pay through PIX will significantly ease the financial process for many.
Irene Skrynova, Unlimit’s Chief Customer Officer, remarked, “The collaboration between Unlimit and Convera will simplify tuition payments for thousands of foreign students, keeping their focus on the most important thing: their education. This partnership reflects our ongoing goal to make payments truly borderless. We are helping Convera connect multiple universities worldwide to the most popular payment methods in the markets of their students’ origins. Together, we are redesigning the tuition payment landscape.”
Nicola Bennett, Global Director of Product at Convera, added, “We are incredibly excited about our partnership with Unlimit to offer PIX online bank transfer for seamless student tuition and fee payments. As Brazil’s outbound student market continues to expand, we are thrilled to empower education providers globally to provide students with a simple payment experience. Convera looks forward to continued collaboration with the Unlimit team to open up new markets and continue to make the student payment experience accessible and simple for payers across the globe.”
Looking ahead, Unlimit and Convera aim to extend their partnership to other emerging markets where international education is increasingly popular, continuing their mission to simplify tuition payments worldwide.
