Convera and Ascent One Form a Partnership to Transform Payments in the Education Sector

Convera, a leading company in commercial payments, has teamed up with Ascent One to launch an innovative embedded payments solution designed specifically for the education sector, as outlined in Fintech Global News. This partnership aims to address the common challenges associated with cross-border payments in the education industry.

By integrating Convera’s GlobalPay for Students platform into the websites and management systems of educational institutions, the new solution simplifies the payment process for international students and education agents. This integration reduces errors and enhances the overall payment experience, allowing users to conduct substantial cross-border transactions through a single interface. The platform offers security, flexibility in payment methods, transparent pricing, and the ability to make payments in local currencies.

Ascent One has customized Convera’s embedded payments solution to create a seamless payment experience for education agents, who play a critical role in guiding students through their educational journeys, from university selection to admissions and payment management.

Naresh Gulati, CEO of Ascent One, stated, “We’re excited to work with Convera and have them as our primary global payments partner. By leveraging Convera’s embedded payments solution, 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.” Gulati emphasized the importance of Convera’s strong reputation, global reach, and expertise in cross-border payments, which influenced Ascent One’s decision to partner with them.

Julie Armstrong, VP, General Manager, Global Head of Industry Solutions & Partnerships at Convera, added, “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.”

This collaboration between Convera and Ascent One is set to transform the payment landscape in the education sector, making the process smoother and more secure for all parties involved.