Western Union Enhances Payment Platform for International College Students
Western Union has updated its digital payment platform for international students to streamline the compensation process for colleges and universities. The enhanced version of WU GlobalPay for Students makes it easier for students to submit payments to educational institutions to cover tuition, fees, room and board, and other expenses.
GlobalPay for Students was launched in 2013 as a way for students and parents to submit payments to colleges from their home currency. A student who lives in Great Britain but is studying in America can pay for tuition with British pounds. The funds are converted into the institution’s currency of choice during the transfer using the latest exchange rates. The students know exactly how much money the school will receive, as well as the fees for completing the transfer.
The latest update to the platform focused on mobile-based transactions. Students can submit payments to their schools from the Western Union mobile app, and can track their transfers every step of the way. Western Union accepts credit card payments and online bank transfers, as well as funds from AliPay, UnionPay, India Net Banking, and other financial networks across 30 countries.
Western Union automated the refund process in their app update, saving time for both the school and the student. They have a new dashboard for schools that helps them view payment activity along with real-time fund tracking for students.