Ascent One and Convera, a global leader in commercial payments, have announced the introduction of Convera’s payments solution for the education industry via Ascent One, the world’s first ecosystem purposely built for the education sector. The solution aims to simplify cross-border payments for education agents and international students, addressing a key challenge in the education industry.
By integrating Convera’s embedded payments solution into Ascent One’s systems, education institutions can provide education agents and international students with a seamless online payment experience.
The new solution embeds GlobalPay for Students, Convera’s international tuition payment platform, directly into education institutions’ websites and management systems, addressing the often overwhelming and error-prone nature of current online payment processes. By eliminating the need for multiple redirects, students and education agents can now securely complete large cross-border payments through a single interface.
This streamlined approach reduces confusion and offers both students and education agents a flexible range of payment methods, transparent pricing, and the ability to pay in their local currency. Additionally, students and education agents can avoid intermediary bank fees, get a better, more efficient user experience and be assured that their payments arrive in full and on time to their education institution.
Together with Convera, Ascent One agents can now assist students with the facilitation of tuition fees and other education related payments.
Naresh Gulati, CEO of Ascent One, says of the partnership, “We’re excited to work with Convera and have them as our primary global payments partner. By leveraging Convera’s embedded payments solution into our platform, education agents across 167 countries can seamlessly manage any part of the student’s study journey from recruitment to admissions to facilitating payments on the student’s behalf all from one place.”
“It was an easy decision for us to choose Convera for their strong reputation, unparalleled global reach and trust within the education industry. Convera’s global financial network, cross-border payments knowledge, and robust compliance and security measures were driving factors for us.” He said.
Julie Armstrong, VP, General Manager, Global Head of Industry Solutions & Partnerships, Convera says “Our partnership with Ascent One means we’re able to offer an agent solution via our new embedded payments solution that is helping education institutions and education agents to process student payments safely and efficiently.”
“For many students and their families, paying for their education tuition is one of the biggest transactions they will make in their life. We want to ensure they can do so with confidence and clarity. Through our partnership with Ascent One, we’re making it easier for students to focus on what is most important – their studies – by not only simplifying the payment process but giving them the peace of mind that their education institution will receive their payment in full and on time.” She said.
The Koala wishes Ascent One and Convera all the best with this new initiative.
