Convera Partners with Ascent One to Launch Embedded Payments Solution for the Education Sector
Convera, a global leader in commercial payments, has announced the launch of its embedded payments solution tailored specifically for the education industry through a new partnership with Ascent One, the first-ever ecosystem built exclusively for the education sector. This innovative solution aims to simplify cross-border payments for education agents and international students, addressing a significant challenge in the industry. By embedding Convera’s payment solution directly into educational institutions’ websites and management systems, the partnership ensures a seamless and efficient online payment experience for all users.
The new solution integrates GlobalPay for Students, Convera’s international tuition payment platform, directly into the online platforms of education institutions. This approach eliminates the complexity and potential errors associated with traditional online payment processes, allowing students and education agents to securely complete large cross-border payments through a single interface. The streamlined process reduces confusion and provides users with a variety of payment options, transparent pricing, and the ability to pay in their local currency. Additionally, users can avoid intermediary bank fees, ensuring that payments reach their destination in full and on time.
Ascent One has adopted Convera’s embedded payments solution to enhance the payment experience for education agents, who play a crucial role in guiding students through the university selection process and their academic journey. As education institutions increasingly rely on agents to meet international recruitment goals, the integration of Convera’s solution into Ascent One’s platform empowers agents to facilitate student mobility worldwide, particularly in key destination countries. This partnership allows agents to manage every aspect of a student’s journey, from recruitment to admissions, and now, tuition payments, all from a single platform.
“We’re thrilled to collaborate with Convera as our primary global payments partner,” said Naresh Gulati, CEO of Ascent One. “By integrating Convera’s embedded payments solution into our platform, agents across 167 countries can seamlessly manage the entire student journey. Choosing Convera was an easy decision due to their strong reputation, unparalleled global reach, and trust within the education industry. Convera’s global financial network, expertise in cross-border payments, and robust compliance and security measures were key factors in our decision.”
Julie Armstrong, VP, General Manager, Global Head of Industry Solutions & Partnerships at Convera, added, “Our partnership with Ascent One allows us to offer a comprehensive agent solution through our embedded payments platform, enabling education institutions and agents to process student payments securely and efficiently. For many students and their families, paying for education is one of the most significant financial transactions they will make. We want to ensure they can do so with confidence and clarity. By simplifying the payment process, we’re allowing students to focus on what truly matters – their education.”
Convera is trusted by over 1,000 education institutions globally, including eight of the top 10 ranked universities. Education institutions choose Convera for its tailored solutions, global reach of over 140 currencies, robust compliance measures, and student-centric approach. Convera’s services help institutions manage complex payment processes, from reconciling tuition fees to paying staff overseas or issuing U.S. student loans, all while offering competitive foreign exchange rates and advanced reporting tools to maximize value with every transaction.