Cashfree Payments has tied-up with EasyTransfer, a cross-border education payment services platform enable faster and easier fee payments to universities and educational institutions abroad. The tie-up will enable to transfer funds through existing bank accounts instead of setting up a new account.
Cashfree said the fund settlement will occur through Authorized Dealer Banks, and directly go out to universities outside of the Indian Territory, ensuring a secure and smooth transaction. This solution enables all sorts of education-related payments, including application and tuition fees, to international universities, it added.
Reeju Datta, Co-founder, Cashfree Payments said, “Partnering with EasyTransfer enables us to easily extend our payment solutions directly to Indian students, facilitating easier, faster, more convenient, and more efficient international education payments. We will continue our efforts to build such effective solutions for our partners, which help to create superior customer experiences.”
Tony Gao, Co-founder and President of EasyTransfer said, “Traditionally, students are required to visit educational and banking institutions in person to submit their relevant documents and send money overseas. EasyTransfer and Cashfree Payments have streamlined India’s Liberalised Remittance Scheme (LRS) declaration process, allowing payments to be completed fully online. Our online know-your-customer (KYC) system for payers also helps to quickly and easily validate resident credentials, a crucial and often cumbersome requirement in India.”
