EasyTransfer is thrilled to announce its new partnership with Klasha, a leading global cross-border payments company. The partnership will facilitate easier global tuition collection from international students in many African currencies.

EasyTransfer offers a cross-border payment platform that 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 the 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.

Officially partnered with the University of Manchester, Newcastle University, and many other UK universities as an international student payments service provider, EasyTransfer is well-positioned to serve students from up-and-coming African regions.

EasyTransfer and Klasha Simplify Tuition Fee Collection From Africa

EasyTransfer provides innovative solutions for processing school fee payments at transparent and affordable rates. It needed a payment partner capable of enabling collections in local African currencies and payouts in hard currencies such as USD to serve its African clientele better. By collaborating with Klasha, EasyTransfer can now offer international students from Africa more cost-effective payment solutions. This partnership facilitates the collection of local African currencies and enables payouts in hard currencies like the US dollar at more preferential rates.

For international students from Africa, EasyTransfer previously relied on various FX vendors to process collections in local African currencies, which often led to fluctuations in exchange rates and delays in remittance timelines. These issues affected both the business and its clients; as a result, EasyTransfer sought a payment partner with a reliable and secure solution to facilitate faster, more secure and more affordable payments in the region.

To tackle these challenges, EasyTransfer leveraged the Klasha multi-currency payment gateway, which enables collections in local African currencies and payouts in hard currencies like USD, GBP, and more.

Through Klasha Pay, EasyTransfer can now collect payments in multiple African currencies using various payment methods while enjoying fast settlement times of T+0-3 days. With Klasha, we can hedge currencies at specific rates at an agreed-upon timeline until payment completion, and with Klasha Payout, they pay out in any chosen currency.

Powering More Efficient Payments for African Students

Thanks to Klasha's payment technology, EasyTransfer has significantly improved its payment processes for African students. With affordable rates and faster settlement times, remittance timelines are shortened, and school fees are processed more quickly. This partnership helps EasyTransfer provide dependable cross-border services to its African clientele.

"Our partnership with Klasha has enabled more seamless and faster settlement times, an undeniable advantage for international students from African countries like Nigeria and Kenya, which represent a significant growing proportion of international education," said Tony Gao, President and Co-Founder of EasyTransfer.

"We remain committed to serving international students from as many different regions in as many currencies as possible and actively seek partnerships that enable us to achieve this more efficiently," said Guohao Sun, Partner, Global Operations of EasyTransfer.

Jess Anuna, Founder and CEO of Klasha, expressed her enthusiasm about the partnership: "At Klasha, 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."

Kalsha'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."

Klasha Pay is a cross-border payment solution for merchants and businesses that allows them to accept online payments from African customers using local African currencies. It provides customers with a simple, secure, and seamless checkout experience and supports various payment methods, including cards, mobile money, M-PESA, USSD, and bank transfers. Merchants can integrate Klasha Pay into their website or mobile app using a simple API and get access to real-time transaction data and analytics. On the other hand, Klasha Payout allows global merchants to send money to emerging markets like Africa in hard currencies while the recipient receives the equivalent amount in their preferred hard currency.


About EasyTransfer
EasyTransfer is a Singapore-based online cross-border education payments platform for international students. Founded in 2013 by ex-international students, EasyTransfer improves international education exchange and student mobility by allowing international students to "pay like a local". Every year, EasyTransfer 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. EasyTransfer services international student payments from 170+ source countries and regions around the world and has official partnerships with world-class universities including The University of Manchester and Newcastle University. The company is financially backed by Tencent, IDG Capital, ZhenFund, New Oriental (NYSE: EDU) and other renowned shareholders.

For more information, visit https://www.easytransferglobal.com/

About Klasha
Klasha 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.

For more information, visit https://www.klasha.com/