Associated tags: Cryptocurrency, Education, Fly wire, ERP
Locations: AUSTRALIA, PERU, MEXICO, CHICAGO, JAPAN, INDIA, SPAIN, CANADA, CHINA, SAN FRANCISCO, TOKYO, ROBIN HOOD, NETHERLANDS, ITALY, COLGATE, BOSTON, MA, US
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Insurance BOSTON, May 07, 2024 (GLOBE NEWSWIRE) -- Flywire Corporation (Nasdaq: FLYW) (“Flywire” or the “Company”) a global payments enablement and software company, today reported financial results for its first quarter ended March 31, 2024.
Key Points:
- The Company will host a conference call to discuss first quarter 2024 financial results today at 5:00 pm ET.
- Flywire uses non-GAAP financial measures to supplement financial information presented on a GAAP basis.
- Flywire uses supplemental measures of its performance which are derived from its consolidated financial information, but which are not presented in its consolidated financial statements prepared in accordance with GAAP.
- Flywire encourages you to review these reconciliations in conjunction with the presentation of the non-GAAP financial measures for each of the periods presented.
BOSTON, April 16, 2024 (GLOBE NEWSWIRE) -- Today, Flywire Corporation (Flywire) (Nasdaq: FLYW), a global payments enablement and software company, announced that its first quarter 2024 financial results will be released after market close on Tuesday, May 7, 2024.
Key Points:
- BOSTON, April 16, 2024 (GLOBE NEWSWIRE) -- Today, Flywire Corporation (Flywire) (Nasdaq: FLYW), a global payments enablement and software company, announced that its first quarter 2024 financial results will be released after market close on Tuesday, May 7, 2024.
- Flywire will host a conference call to discuss its first quarter 2024 financial results at 5:00pm ET the same day.
- Hosting the call will be Mike Massaro, CEO, Rob Orgel, President and COO, Cosmin Pitigoi, CFO, and Akil Hollis, Head of Investor Relations.
- The conference call will be webcast live from Flywire’s investor relations website at https://ir.flywire.com/ .
BOSTON, March 26, 2024 (GLOBE NEWSWIRE) -- Flywire Corporation (Nasdaq: FLYW), a global payments enablement and software company, has released its third annual report on luxury travelers' preferences, finding 90% of their vacations will be longer than ones they took a few years ago. 87% of the same group also plan to spend more on travel in 2024 than they did last year; this number jumps to 95% when looking specifically at Gen Z and Millennials.
Key Points:
- Flywire’s annual luxury travel report surveyed approximately 675 luxury travelers in the U.S. to understand how their preferences and plans could impact the travel industry in 2024.
- The report explores topics around AI in travel, sustainability, hybrid work’s influence on luxury vacations, payment security and more.
- Overall, these trends are positive indicators for travel providers who cater to the luxury market.”
Even in the age of AI, luxury travelers prefer working with people.
- In most instances, they still want to use a travel agent or advisor to help plan their trips.
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Online shopping BOSTON, March 21, 2024 (GLOBE NEWSWIRE) -- Flywire Corporation (Flywire) (Nasdaq: FLYW), a global payments enablement and software company, has announced a strategic partnership with VTEX, the global enterprise digital commerce platform. Incorporating Flywire’s digital education payment solution into the VTEX digital commerce platform enables a seamless payment experience for institutions looking to simplify on-campus transactions, from tuition and enrollment fees, to e-store payments and more, for students worldwide. The integration also supports both international and domestic payment flows, making the reconciliation process easier for school administrators.
Key Points:
- With Flywire, VTEX customers now benefit from payment processes that are automated end-to-end, including initial application fees, campus store purchases, tuition payments and more.
- One of these institutions is Tecnológico de Monterrey (“Tec”), a Flywire client benefiting from the collaborative integration with VTEX.
- "We’re thrilled to partner with VTEX and help universities in Latin America streamline the payment experience for their students," said Rafael Ayala, Managing Director of Latin America for Flywire.
- Additionally, institutions can create custom interest-free payment plans to provide students and families with greater flexibility to better address education affordability.
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Thursday, February 29, 2024
On Thursday, March 14, 2024, the Company will attend Wolfe Research FinTech Forum in New York, NY.
Key Points:
- On Thursday, March 14, 2024, the Company will attend Wolfe Research FinTech Forum in New York, NY.
- On Tuesday, March 19, 2024, the Company will attend the virtual Bank of America Securities 2024 Electronic Payments Symposium.
- The fireside chat discussions will be webcast live from Flywire’s investor relations website at https://ir.flywire.com/ .
- A replay of the webcasts will be available on the investor relations website for 90 days following the discussions.
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Tuesday, February 27, 2024
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Depreciation BOSTON, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Flywire Corporation (Nasdaq: FLYW) (“Flywire” or the “Company”) a global payments enablement and software company, today reported financial results for its fourth quarter and fiscal-year ended December 31, 2023.
Key Points:
- The Company will host a conference call to discuss fourth quarter and fiscal-year 2023 financial results today at 5:00 pm ET.
- Flywire uses non-GAAP financial measures to supplement financial information presented on a GAAP basis.
- Flywire uses supplemental measures of its performance which are derived from its consolidated financial information, but which are not presented in its consolidated financial statements prepared in accordance with GAAP.
- Flywire encourages you to review these reconciliations in conjunction with the presentation of the non-GAAP financial measures for each of the periods presented.
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Thursday, February 22, 2024
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Management BOSTON, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Flywire Corporation (Nasdaq: FLYW) (Flywire), a global payments enablement and software company, today is announcing Cosmin Pitigoi will join the Company as Chief Financial Officer, beginning March 4, 2024.
Key Points:
- BOSTON, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Flywire Corporation (Nasdaq: FLYW) (Flywire), a global payments enablement and software company, today is announcing Cosmin Pitigoi will join the Company as Chief Financial Officer, beginning March 4, 2024.
- Pitigoi will report to Flywire CEO Mike Massaro and will oversee Flywire’s accounting, financial planning and analysis, financial reporting, investor relations, internal audit, SEC reporting, tax, credit and risk and treasury functions.
- “Given Flywire’s continued growth, we looked for a financial leader who could help us scale financial operations, optimize costs and improve our global footprint,” said Mike Massaro, CEO of Flywire.
- “Cosmin brings decades of senior financial leadership and a proven track record in scaling organizations in complex global environments.
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Tuesday, February 6, 2024
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Cryptocurrency BOSTON and MUMBAI, India, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Flywire Corporation (Nasdaq: FLYW) (Flywire), a global payments enablement and software company, today announced that it has partnered with State Bank of India, India’s largest public sector bank, to enable Indian payers to seamlessly and digitally pay international education-related fees in their local currency (Indian Rupees) to higher education institutions all over the world. The integration provides students and families a streamlined and completely digital experience when making high-value education payments, and helps them comply with the Liberalized Remittance Scheme (LRS), which are guidelines to help streamline overseas transactions and investments for residents of India.
Key Points:
- Flywire integrates directly into SBI’s banking platform, providing Indian students with a fully digital checkout experience for their transactions, ranging from application fees to tuition payments.
- The partnership between Flywire and SBI provides an innovative approach to education payments and offers many benefits to students and institutions alike.
- SBI customers can complete payments from local currency accounts to the thousands of Flywire education clients in a simple, three step process.
- Flywire identifies the source of payments delivered to an institutions’ bank account and automatically posts each payment to the applicable student record.
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Tuesday, January 30, 2024
BOSTON, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Today, Flywire Corporation (Flywire) (Nasdaq: FLYW), a global payments enablement and software company, announced that its fourth quarter and full year 2023 financial results will be released after market close on Tuesday, February 27, 2024.
Key Points:
- BOSTON, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Today, Flywire Corporation (Flywire) (Nasdaq: FLYW), a global payments enablement and software company, announced that its fourth quarter and full year 2023 financial results will be released after market close on Tuesday, February 27, 2024.
- Flywire will host a conference call to discuss its fourth quarter and full year 2023 financial results at 5:00pm ET the same day.
- Hosting the call will be Mike Massaro, CEO, Rob Orgel, President and COO, Mike Ellis, CFO, and Akil Hollis, Head of Investor Relations.
- The conference call will be webcast live from Flywire’s investor relations website at https://ir.flywire.com/ .
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Tuesday, December 5, 2023
BOSTON, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Global travel providers are heading into 2024 with a lot of optimism about the future, as consumers continue to seek unique, immersive travel experiences around the world. This is according to the latest research from Flywire (Nasdaq: FLYW), a global payments enablement and software company, based on a commissioned survey into more than 400 destination management companies, accommodation providers and tour operators across Australia, Italy, Japan and South Africa.
Key Points:
- “As travelers eschew traditional “off the shelf” packages, providers are offering experiences that match travelers’ expectations for immersive, personalized trips.
- 84% travel providers believe that if they could find a better way of handling payments, they would save time.
- As a takeaway, global travel providers can upgrade their payments technology to meet both customers’ expectations and business goals.
- Travel providers believe that remote/flexible working may make travel look different, saying it will encourage more trips planned in advance (46%), family vacations (46%), solo travel (40%) and back-to-back trips (30%).
