Klasha, a leading global cross-border payment company, and EasyTransfer, a Singapore-based global education fintech company, have announced a strategic partnership to facilitate easier and more affordable global tuition payments for international students from Africa.
Through this collaboration, EasyTransfer will leverage Klasha’s expertise in cross-border payments to enable students from African countries to pay tuition fees in their local currencies and receive payouts in hard currencies like USD at competitive rates. This will significantly reduce the costs and complexities associated with international transactions.
“Our partnership with Klasha is a game-changer for international students from Africa,” said Tony Gao, President and Co-Founder of EasyTransfer. “By offering more cost-effective payment solutions, we are empowering students to pursue their educational dreams without the financial burdens”, he added.
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Also commenting, Jess Anuna, Founder and CEO of Klasha, expressed her excitement about the partnership, which she said,
“At Kasha, our mission has always been to bridge the gap for cross-border payments in emerging markets. This partnership with EasyTransfer reflects our commitment to providing international students with accessible and reliable payment options. We’re excited to make paying for tuition easier and more affordable for African students studying abroad, further empowering the global education sector.”
Klasha’s Managing Director, Asia Operations, Justin Fan, highlighted the strategic importance of this partnership, stating,
“As African students continue to pursue educational opportunities in countries like the UK, simplifying their tuition payments is crucial. Our partnership with EasyTransfer ensures students and their families can focus on education without the stress of complex financial logistics. We provide a solution that caters to their specific needs”.
EasyTransfer is an intelligent AML, anti-fraud, and compliance approval platform procured by major commercial banks and consumer finance institutions in Asia. The platform powers tuition payments for international students from over 170 countries and regions, including many African countries. The new partnership with Klasha will help streamline and speed up African payments on their platform.
This is significant for the international education industry, with students from certain African countries such as Nigeria and Kenya flocking to foreign educational institutions, especially universities in the United Kingdom, at a rapidly growing pace.
About Klasha
Kasha is a global technology company, building a platform and APIs to move
money to and from emerging markets frictionlessly. With Klasha, businesses
can collect, send money and hold exotic and hard currencies through our extensive API stack. Enterprise businesses use our rails and infrastructure to power their cross-border payments. Founded in 2021 by Jess Anuna, Klasha collects and sends over 120 currencies, saving merchants time and money.
About Easy Transfer
EasyTransfer is a Singapore-based online cross-border education payments platform for international students. Founded in 2013 by ex-international students, Easy Transfer improves international education exchange and student mobility by allowing international students to “pay like a local”.
Every year, Easy Transfer processes billions of dollars in payments to thousands of
educational institutions around the world. Working closely with government
regulators, EasyTransfer’s intelligent anti-fraud and AML platform increases the
efficiency of compliance reviews and fraud risk analysis. The platform’s services
are procured and integrated within the Internet and mobile banking applications
of major commercial banks and consumer finance institutions in Asia.