Case Study: New College Group streamlines international student payments with TransferMate Global Payments

New College Group cuts £25,000 in bank fees with TransferMate Global Payments

New College Group, an international language school, faced significant challenges with costly international bank transfers, complex reconciliation processes, and rising fraud risks. These issues resulted in high fees, operational inefficiencies, and a poor experience for their students. To address this, they partnered with TransferMate Global Payments.

By implementing TransferMate's solution, including a branded payment portal and global accounts, New College Group streamlined its payment process. The integration with systems like Edvisor and Fidelo enabled automatic payment allocation. As a result, the school drastically reduced bank fees, simplified reconciliation from 15% to 1% of payments being unclear, and enhanced security. TransferMate provided a faster, more transparent payment experience for all parties involved.

New College Group