Flywire Captures Global FinTech Award in Singapore

24.11.2017 Members

BOSTON and SINGAPORE, Nov. 21, 2017 (GLOBE NEWSWIRE) - Flywire, a provider of international payment and receivables solutions, was awarded with the Global FinTech Award last week at the Singapore FinTech Festival. Flywire was one of ten companies recognised by the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) for innovative solutions developed and implemented by fintech start-ups, financial institutions, and technology companies. 300 candidates were evaluated by a panel of international experts from multiple domains on the impact, practicality, interoperability, and uniqueness of their solutions.

Flywire provides businesses, educational institutions, and healthcare providers with the ability to offer their customers a highly-tailored, international payment experience – customised by country, currency and vertical. Financial and operations teams also benefit from easy payment tracking and reconciliation. To date, the company has processed over $5 billion in international payments and established its platform as the preferred solution around the globe for cross-border payments and receivables processing. 

“It’s an honour to be recognised by MAS and ABS for our efforts here in Singapore”, said Andrew Ong, managing director, Asia-Pacific region at Flywire. “We’ve made a big commitment to this market and established it as our home base for the entire Asia-Pac region. As our business continues to grow, we feel Singapore can provide all the talent and resources we need to succeed.”

About the Singapore FinTech Festival

The Singapore FinTech Festival is a platform for key stakeholders of the global and regional fintech community to connect, learn from one another, and co-create new solutions to real problems. The inaugural Festival in 2016 attracted more than 13,000 participants from across 60 countries. The Festival is organised by the Monetary Authority of Singapore (MAS), in partnership with the Association of Banks in Singapore (ABS), and in collaboration with SingEx.

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