Education software provider Qualy has partnered with TransferMate to add cross-border payment capabilities directly within its platform.

Enhanced Transaction Management

The integration enables institutions using Qualy to handle international transactions seamlessly, including payments from students and remittances to education agents, all without leaving the software.

Automated Reconciliation

A key feature is automated reconciliation. Each transaction made through TransferMate is automatically linked to the relevant student or agent account, reducing manual effort and minimizing errors.

Facilitating Commission Payouts

The embedded API simplifies commission payouts for agents in different regions. Real-time matching ensures that payments are processed alongside tuition fees, creating a cohesive financial workflow for education providers.

Broadened Global Reach

This integration extends the payment capabilities to support countries where Qualy has an existing customer base, such as Brazil and Australia, enhancing access for institutions and agents operating across various regions.

TransferMate’s Sector-Specific Functionality

The decision was based on TransferMate’s specialized features addressing specific challenges in education payments, including commission settlements, invoicing, and support for various payment methods like direct debit and instalment plans. Qualy also recently introduced an AI-based tool to automate data extraction from Letters of Offer, further streamlining the administrative process.