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.

Other articles
The AA Launches New Savings and Loan Accounts via NatWest Boxed Partnership
Making Sense of How APIs Enhance B2B Payments
The Role of Fintech in the Automobile Industry
Mastercard: Four Innovations Shaping the Future of Fintech
Preventing AI Pitfalls in Financial Decision-Making
Utilizing Artificial Intelligence to Improve UBO Detection and Compliance in Finance
Tesla’s Fintech Revolution: The Future of Mobility and Finance
Meta Launches Team to Develop AI-Powered Humanoid Robots
FIS and Affirm Partner to Bring BNPL to Debit Cards
Klarna and JPMorgan Payments Join Forces to Expand BNPL Services
76% of Financial Institutions Have Already Embraced AI
Key Trends Shaping Auto Finance in 2024
Kuady and BridgerPay Partner to Revolutionize Payment Solutions in Latin America
IBM Predicts Transformative Impact of Generative AI on Banking in 2025
What’s Ahead for Fintech in 2025? Insights from Money20/20 USA