Flywire Expands Partnership with TenPay Global to Offer Weixin Pay to Chinese Students in South Korea and Malaysia
Rhea-AI Summary
Flywire (Nasdaq: FLYW) expanded its partnership with TenPay Global to offer Weixin Pay (WeChat Pay) as a payment option for Chinese students and families paying tuition to universities in South Korea and Malaysia (announcement dated Dec 3, 2025). The direct connection lets payers complete tuition in RMB via the Weixin/WeChat app and aims to reduce cross‑border complexity and processing times. Flywire says institutions will receive reconciled local currency payments, improving cash flow and operational efficiency. The move targets fast‑growing corridors: Chinese enrollment in Malaysia rose to ~47,000 in 2024 (fivefold since 2019) and South Korea hosted ~73,500 Chinese students in 2024.
Positive
- Direct Weixin Pay integration for tuition payments to SK and Malaysia
- RMB payment flow via Weixin/WeChat for Chinese students
- Institutions receive reconciled local currency, improving cash flow
- Targets sizable student pools: ~47,000 in Malaysia and ~73,500 in South Korea (2024)
Negative
- None.
News Market Reaction
On the day this news was published, FLYW gained 2.35%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Flywire gained 3.75% with high volume, while peers were mixed: PRGS +1.44%, NYAX +1.1%, NTCT +0.21%, and RZLV and TUYA down -2.92% and -1.75%, suggesting a stock-specific reaction.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 03 | Payments partnership | Positive | +2.4% | Expanded TenPay Global partnership adding Weixin Pay for Chinese students. |
| Dec 01 | Investor conference | Neutral | -1.5% | Announcement of UBS Global Tech and AI conference participation and webcast. |
| Nov 17 | Investor conferences | Neutral | -2.5% | Planned attendance at three fintech and tech investor conferences. |
| Nov 04 | Earnings update | Positive | +2.8% | Q3 2025 results with strong growth and raised revenue and margin guidance. |
| Nov 03 | Management change | Positive | +0.8% | Appointment of a new Chief People Officer with extensive HR leadership experience. |
Recent positive operational and partnership news, including this TenPay Global expansion and Q3 results, have generally coincided with modest positive price moves.
Over the last few months, Flywire reported strong Q3 2025 financials on Nov 4, with double‑digit revenue and payment volume growth and raised full‑year guidance, which was followed by a positive price reaction. The company also announced multiple partnership and operational updates, such as integrations with Workday and education‑focused lenders, plus management changes and regular conference appearances. The Dec 3 TenPay Global/Weixin Pay expansion fits the ongoing strategy of deepening education payment corridors in Asia and continues a pattern of incremental, execution‑focused news flow supported by earlier financial strength.
Market Pulse Summary
This announcement expands Flywire’s direct connection with TenPay Global to embed Weixin Pay for Chinese students paying tuition in South Korea and Malaysia, allowing payments in RMB while schools receive reconciled local currency. It builds on a series of partnerships aimed at digitizing cross‑border education payments and follows strong Q3 2025 growth metrics. Investors may track adoption across the roughly 47,000 Chinese students in Malaysia and 73,500 in South Korea, and how this complements broader platform scale.
Key Terms
cross-border payment financial
Renminbi financial
AI-generated analysis. Not financial advice.
Flywire builds on existing partnership with Weixin Pay (also known as WeChat Pay) to improve payment experience for Chinese students studying in South Korea and Malaysia
Partnership underscores Flywire’s ongoing product & payment innovation and extends its footprint in growing education markets in Asia
BOSTON and SHENZHEN, China, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Flywire Corporation (Flywire) (Nasdaq: FLYW), a global payments enablement and software company, today announced that it has partnered with TenPay Global, Tencent's cross-border payment platform, to extend Weixin Pay (also known as WeChat Pay) as a payment option for Chinese students and families making education payments to universities in South Korea and Malaysia. Through this direct partnership with TenPay Global, Flywire further streamlines the payment experience for Chinese students looking to make international tuition payments in South Korea and Malaysia.
The expansion targets two of Asia's most dynamic and fastest-growing academic destinations for Chinese students. Driven by factors including geographical proximity, cultural affinity, affordability, and more, student mobility within Asia is accelerating. Chinese student enrollment in Malaysia, for example, has seen exponential growth, increasing fivefold from 2019 to over 47,000 Chinese students in 2024. Similarly, South Korea continues to see a steady increase in inbound students, hosting approximately 73,500 Chinese students in 2024.
“As Chinese students increasingly choose to pursue studies closer to home, Flywire is executing a strategy to digitize high-value payments across these critical, high-growth corridors,” said Calvin Chen, VP of Payments, Flywire. “By deepening our collaboration with TenPay Global and connecting Weixin Pay directly within the payment journey for Chinese students bound for South Korea and Malaysia, we are providing the seamless, localized experience that Chinese students demand while helping our institutional clients capture this substantial new payment volume efficiently.”
Through this expanded direct connection, Chinese students and their families can initiate and complete their tuition payments in Renminbi (RMB) via their Weixin (or WeChat) app. This removes traditional barriers associated with cross-border education payments, such as complexity and prolonged processing times. For institutions in South Korea and Malaysia, the integration ensures they receive the full amount owed, reconciled in their local currency, improving cash flow and operational efficiency.
“We are committed to enhancing the experience for our users, and this expansion with Flywire allows us to provide the familiar convenience of using Weixin Pay for Chinese students in these popular regional markets,” said Wenhui Yang, CEO of TenPay Global (Singapore). “For Chinese students studying in South Korea and Malaysia, paying their tuition becomes easy and reliable, further validating our seamless approach to cross-border payments.”
About Flywire
Flywire is a global payments enablement and software company. We combine our proprietary global payments network, next-gen payments platform and vertical-specific software to deliver the most important and complex payments for our clients and their customers.
Flywire leverages its vertical-specific software and payments technology to deeply embed within the existing A/R workflows for its clients across the education, healthcare and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP systems, such as NetSuite, so organizations can optimize the payment experience for their customers while eliminating operational challenges.
Flywire supports more than 4,900* clients with diverse payment methods in more than 140 currencies across more than 240 countries and territories around the world. The company is headquartered in Boston, MA, USA with global offices. For more information, visit www.flywire.com. Follow Flywire on X, LinkedIn and Facebook.
*Excludes clients from Flywire’s Invoiced and Sertifi acquisitions
About TenPay Global
TenPay Global is Tencent’s cross-border payment platform, comprising a network of licensed financial institutions under Tencent. By connecting the Weixin ecosystem, global payment partners, and international users and scenarios, TenPay Global provides end-to-end payment solutions for cross-border remittances, consumption, and commerce. Backed by years of industry experience and a robust risk management framework, TenPay Global delivers world-class standards in system reliability, fund security, and regulatory compliance.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding Flywire’s expectations of its payments business. Flywire intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terms such as, but not limited to, “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “target,” “plan,” “expect,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. Such forward-looking statements are based upon current expectations that involve risks, changes in circumstances, assumptions, and uncertainties. Important factors that could cause actual results to differ materially from those reflected in Flywire's forward-looking statements include, among others, the factors that are described in the “Risk Factors” and “Management's Discussion and Analysis of Financial Condition and Results of Operations” sections of Flywire's Annual Report on Form 10-K for the year ended December 31, 2024, and Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, which are on file with the Securities and Exchange Commission (SEC) and available on the SEC's website at https://www.sec.gov/.. The information in this release is provided only as of the date of this release, and Flywire undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
Contacts
Media:
Sarah King
Media@Flywire.com
Investor Relations:
Masha Kahn
IR@Flywire.com
FAQ
What did Flywire announce on Dec 3, 2025 about Weixin Pay and FLYW?
How does the new Weixin Pay option work for Chinese students using FLYW?
What is the expected benefit for universities using Flywire (FLYW) in South Korea and Malaysia?
Which markets and student volumes does Flywire target with the TenPay Global expansion?
Does the Flywire announcement disclose pricing, fees, or commercial terms for the Weixin Pay integration?
