[2023.03.10] SKKU introduces simple foreign currency payment service for tuition fees for the first time in Korea
- SKKU National Program of Excellence in Software
- Hit1497
- 2023-03-28
SKKU introduces simple foreign currency payment service for tuition fees for the first time in Korea
- U.S. Global FinTech Company Introduced Flywire Simple Payment System
- Support for various payment methods makes it convenient to pay tuition in local currency even in overseas
From the first semester of 2023, our university started to provide a simple payment service for tuition fees for foreign students who have difficulty paying tuition fees, making SKKU the first university to do it in Korea.
Previously, more than 4,000 foreign students had to visit local banks in person if they remitted tuition from their home country every semester, and the remittance period took up to four days. In addition, when remittances change due to exchange rate fluctuations and remittance fees, tuition fees were often not paid properly due to the dismatch of registration amount and payment amount, resulting in student inconvenience and inquiry calls.
Accordingly, our university introduced simple foreign currency payment service provided by Flywire, a global fintech company, and improved it so that tuition can be easily paid in local currency overseas. Students can conveniently pay tuition 24 hours a day just by accessing the school website, and both schools and students can check the payment progress in real time.
In particular, various currencies of more than 140 countries can be used, and you can freely choose the desired payment method such as account transfer and credit/check card.
This global payment platform-linked tuition collection service is being implemented for the first time in the regular semester of Korean universities, and it is expected that the convenience of tuition payment for not only 4,000 foreign students but also domestic students staying abroad will be greatly improved.
An international student from Indonesia said, "It is very convenient to use the foreign currency simple payment service," adding, "I hope I can pay dormitory fees through Flywire in the future."
○ How to pay the tuition fee via simple foreign currency payment service (click)