Flywire is a leading provider of global payment and receivables solutions focused on making large-sum payments borderless for their clients. Flywire specializes in processing payments to education, health care, travel and tourism, technology, and manufacturing industries.
Flywire has established itself as a global market leader in processing education related payments with associations over 1,700 educational institutions across six continents. Flywire also processes a large portion of fees paid by Nepali students travelling overseas for their higher education.
NMB Bank has partnered with Flywire Corporation, MA, USA for processing international education related payment from Nepal to various colleges and education institutions associated with Flywire all across the world.
Through this partnership with Flywire, NMB bank strives to provide unmatched benefits to Students, parents and education consultancies alike with a process that is Simple, Trackable, and Transparent to all parties involved in the payment processing.
Hassle Free Process
No Additional Charges
Easy Payment of Refund
Easy Tracking of Payments
Large Network Reach and Same Solution Across All Branches
What is Flywire?
Flywire is a leading global payment provide associated with over 1700 educational institutions all over the world. It currently has 13 offices and 600+ FlyMates worldwide. Flywire’s other focused areas in Industry-specific payment solutions also includes healthcare, travel, technology and more.
What is the process to create a payment booking in NPR from Flywire?
To create a payment booking in Flywire, customers have to follow the process mentioned below:
What is the next process that the customer has to follow?
After booking the payment through Flywire, customers then shall:
How can customer deposit the amount in Flywire’s Account?
Customers can deposit the amount from any bank in Nepal directly into Flywire’s Account at NMB Bank through:
Please note that Customers have to make sure that the Flywire Payment ID is included in the payment description or reference field and payment is completed in a single transaction.
What are the list of documents that the customer has to provide?
The list of documents which the customer has to provide are:
If the student is already studying abroad, the following additional document is to be provided
Are there any additional amount or charges that the customer have to pay at bank other than the payment amount?
The customers have to pay education tax (currently 2% of tuition fees) as per governments regulations along with the payment amount at the bank. Apart from this, no other additional charges shall be taken from the customers.
Education tax cannot be sent by using digital transfer (IPS/ RTGS) but have to be paid at branch.
Do customers need to have an account at NMB Bank to process for Flywire Payment?
No, it is not mandatory to have an account at NMB bank to process for Flywire payment, however, the customer have to fill up an additional KYC document and provide identification (Citizenship, Passport) at the bank.
When will the payment amount be sent to Flywire?
When will the amount be sent to the University?
The process of final settlement to the university shall be done by Flywire itself and it takes them a maximum of 72 hours (maximum filter) to update the dashboard after payment is made. Customers can also find the information regarding the settlement time in the Payment Instruction Letter.
How will the customer receive the information regarding successful payment?
After the payment is successfully transferred to the university, Flywire shall send the confirmation email in the customer’s registered email address (entered during the payment booking creation process). The customer can also generate the payment receipt through the payment tracker provided by Flywire – link to the tracker shall be sent in the email of the customer by Flywire after payment booking is done.
Contact (NMB Bank): Call 01-5970150 (NMB Call Center) or email at firstname.lastname@example.org for any assistance or queries related to payments.