The extended partnership with Western Union Business Solutions is set to enable participating universities and higher education institutions worldwide to accept international tuition and student fees in the Chinese Renminbi (RMB).
Western Union Business Solutions and ChinaPay are set to provide an integrated platform that will allow universities to allow Chinese students and their parents to make foreign tuition payments in their home country and currency.
Western Union Business Solutions enables businesses, colleges and universities to send and receive international payments and manage foreign exchange in more than 135 currencies.
In recent news, Western Union has entered an agreement with provider of instant cash solution EZCORP.
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