---
title: "Why NexPay - NexPay"
description: "How NexPay compares to banks, Wise, Flywire, and other payment options for international tuition payments."
lastModified: "2026-06-02"
lang: "en"
url: https://nexpay.com.au/training/trust-and-compliance/why-nexpay
---
## Site navigation

- For businesses
  - [For ed. agents](/for-education-agents.md)
  - [For schools & colleges](/for-schools.md)
  - [For universities](/for-universities.md)
  - [For accommodation](/for-accommodation.md)
  - [Why NexPay?](/about.md)
  - [Pricing](/pricing.md)
  - [AI automation](/payments-ai-automation.md)
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# Why NexPay - NexPay

## At a glance

- **Intended for:** New users — all roles
- **Reading time:** 5 minutes
- **Last updated:** 1st June 2026

> **Looking for the quick comparison?** Visit our [About page](/about.md#why-nexpay) for a side-by-side overview of how NexPay compares.

Paying tuition overseas is one of the biggest financial decisions a family makes. You want to know the money arrived, that it went to the right place, and that someone is watching it the whole way. Here's how NexPay compares to the alternatives.

> **For agents and schools:** This article is useful when students or parents ask "why can't I just use my bank?" or "why not Wise?" — share it directly or use the answers in your own conversations.

## NexPay vs your bank

Banks are familiar, but they weren't built for tuition payments.

A traditional SWIFT wire transfer can take 3-5 business days — because your money doesn't go directly from your bank to your school's bank. It hops through one, two, sometimes three banks in between. Each one is called a "correspondent bank," and each one can take a cut. By the time your payment arrives, your school may receive less than you sent — and neither of you will know how much was deducted until it gets there. If something goes wrong along the way, you're calling a 1-800 number and explaining your situation from scratch every time.

With NexPay, you pay in your local currency using payment methods you already know — PIX in Brazil, SPEI in Mexico, local bank transfer in Colombia. Funds usually arrive the same day. And you have a person who speaks your language, knows your school, and calls you when the payment arrives.

## NexPay vs Wise

Wise is one of the world's largest cross-border money transfer platforms. They're fast, low-cost, and they've invested in real local payment rails — they support PIX in Brazil and a broad range of consumer payment methods globally. For self-directed international transfers, they're a strong choice.

Tuition payments add a few wrinkles that general-purpose transfer platforms don't address head-on:

- The recipient is an institution, not a person — and details have to match exactly to be reconciled at the school's end
- The amount is large (often $30,000+) and the timing is non-negotiable around term deadlines
- Compliance documents, school confirmations, and agent commissions are part of the flow

NexPay is built around those wrinkles. Where Wise puts the sender in the driver's seat, we add a layer on top: a named account manager who verifies the school, checks your details before you send, and reaches out proactively if something looks off. We work in your time zone, in your language, over WhatsApp, email, or phone. The platform itself knows tuition workflows — school reconciliation, offer-letter verification, agent commissions, and single-payment commission splits.

Both platforms work. Wise gives you control, low fees, and a 24/7 shared support team. NexPay gives you a person who knows your payment by name and the operational scaffolding for tuition specifically. Pick the one that matches how much oversight you want when you're moving a semester's worth of fees.

## NexPay vs Flywire

Flywire is a publicly traded global education payments platform (NASDAQ: FLYW), headquartered in Boston with around 1,300 staff across 14 offices on six continents.[^flywire-offices] They have a serious LATAM presence — they expanded into Brazil, Colombia, Mexico, Chile and Peru in 2021 with dedicated regional staff,[^flywire-latam] and they support 32 local currencies including LATAM payment methods. None of their offices are in Latin America.[^flywire-offices]

NexPay is structured differently. We were built **inside** Latin America. Our offices are in São Paulo, Bogotá, Santiago, and Mexico City — not because it looks good on a website, but because a parent in Brazil needs someone who knows PIX, speaks Portuguese, and picks up the phone in their timezone. We're a smaller company than Flywire, and we don't try to compete on global breadth — we focus on knowing the LATAM corridor better than anyone else.

Where NexPay focuses:

- **Local payment methods, built in from day one:** PIX, Boleto, SPEI, Webpay, and local bank transfers — the methods families already use every day in our core corridor
- **Native-speaker team in LATAM time zones:** Our LATAM team works LATAM hours, and we hire natives, not translators
- **Single-payment commission splits:** The parent pays once, and we split at source — tuition goes to the school and commission goes to the agent in the same operation, with no separate disbursement workflow
- **Often same-day:** Most payments clear the same day, depending on the country, the bank, and when you send
- **One-relationship support:** A named team member follows your payment from start to finish

Both Flywire and NexPay run agent platforms with commission tracking. The choice is less about feature lists and more about whether you want a global remote-first platform with LATAM coverage, or a smaller LATAM-native team with offices in your country.

[^flywire-offices]: Flywire office directory, [builtin.com/company/flywire/offices](https://builtin.com/company/flywire/offices), verified April 2026. 14 listed offices: Boston, Chicago, Brisbane, Canada, Cluj-Napoca, Tokyo, Lithuania, London, New Delhi, Pune, Singapore, Tel Aviv, Valencia.
[^flywire-latam]: Flywire press release, "Flywire Expands Digital Education Payments Business in Latin America," 10 February 2021.

## NexPay vs Edwallet

Edwallet is operated by Edvisor. In their own help documentation, Edvisor describes Edwallet as built on "a strategic partnership with TransferMate" for the underlying payment processing.[^edwallet-source] That's a legitimate, well-established model — Edvisor provides the platform you log into, and TransferMate is the licensed payment provider behind it.

NexPay is structured differently. We hold an Australian Financial Services Licence (AFSL) authorised for non-cash payment services to retail and wholesale clients, and we're separately registered with AUSTRAC as a remittance service provider. We operate the platform and coordinate every payment in-house, working with regulated banking and payment partners to complete each transfer. When something goes wrong on a Friday afternoon and your tuition deadline is Monday, the team you call is the team running the payment.

This isn't a criticism of partner-based models — both have their place. The structural difference matters if you want one licensed company on the hook, with fewer hand-offs between parties when something goes wrong. When evaluating any platform, the questions worth asking are: who holds the licence, who you contract with, and who you'd reach at 4pm on a Friday.

[^edwallet-source]: Source: Edvisor help centre, "What is EdWallet?" — [help.edvisor.io/edwallet/what-is-edwallet](https://help.edvisor.io/edwallet/what-is-edwallet). Verified April 2026.

## What you get with NexPay

No matter how you compare, three things make NexPay different:

1. **A person, not a platform.** Every payment has someone behind it — someone who knows your name, your school, and your deadline. They speak your language and they're in your timezone.

2. **Built inside Latin America.** Four of our six offices are in the region — São Paulo, Bogotá, Santiago, Mexico City. We know PIX isn't just a "payment method" — it's how 150 million Brazilians pay for everything.

3. **Made for education.** Tuition-specific workflows, compliance handling, school reconciliation, agent commissions, and payment links. Not a generic remittance tool with "education" added to the dropdown.

## Your next step

- If you're a **student or parent**, try the currency calculator on our homepage to see what your payment would cost — or talk to our team and they'll walk you through it
- If you're an **agent**, ask us about commission structures for your institution mix
- If you're a **school**, ask us about same-day settlement and auto-reconciliation for your international student payments

## Frequently asked questions

### I compared your rates with Wise. Why should I choose NexPay?

Wise is excellent for self-directed international transfers — they're fast, low-cost, and they support PIX in Brazil along with broad consumer payment coverage. For tuition specifically, NexPay adds a layer Wise doesn't try to provide. You get a named account manager who verifies the school, checks your details before you send, and is reachable on WhatsApp, email, or phone in your time zone. We also handle tuition-specific workflows like school reconciliation, agent commissions, and payment links. If you want maximum control and the lowest fee, Wise is a sensible choice. If you want someone watching your payment by name and a platform built around tuition, that's where NexPay fits.

### How is NexPay different from Flywire?

Flywire is a publicly traded global education payments platform with a real LATAM presence — they expanded into Brazil, Colombia, Mexico, Chile and Peru in 2021 with dedicated regional staff. NexPay is smaller and built inside Latin America, with physical offices in São Paulo, Bogotá, Santiago, and Mexico City staffed by native Portuguese and Spanish speakers in LATAM time zones. Both platforms support local payment methods and run agent platforms with commission tracking. The practical difference is structural — Flywire serves LATAM through a distributed remote-first team, NexPay serves it through offices in the region. Choose the one that matches how you want to be supported.

### Why not just use my bank?

Banks charge more, take longer, and give you a reference number instead of a person. A traditional SWIFT transfer hops through multiple banks on the way to your school — each one can take a cut, so your school may receive less than you sent. With NexPay, you pay in your local currency, funds usually arrive the same day, and you have someone to call if anything feels off.

### Is NexPay cheaper than other options?

Think of it this way: what's the cost of getting it wrong? A missed deadline, a lost semester, months of stress. What's the cost of getting it right? About the price of a few coffees. The fee pays for someone who speaks your language, checks your payment details, and catches a wrong reference before it becomes a lost semester. No hidden fees, no correspondent bank charges, no surprise deductions.

### Can I use Wise or Revolut to pay through NexPay?

Yes. Some of our payers use Wise or Revolut to send a local bank transfer to our account — combining their competitive rates with our tuition-specific service, tracking, and compliance handling.

### What about Edwallet?

Edwallet is run by Edvisor, and Edvisor's own help documentation describes it as built on "a strategic partnership with TransferMate" for the underlying payment processing. It's a legitimate, well-established model — Edvisor provides the platform, and TransferMate is the licensed payment provider. NexPay is structured differently. We hold an AFSL authorised for non-cash payment services and are registered with AUSTRAC as a remittance service provider — so the company you contract with is the same one running the payment platform.

## More on NexPay

**Platform**

- [For students & parents](/for-students-and-parents.md)
- [For ed. agents](/for-education-agents.md)
- [For universities](/for-universities.md)
- [For schools](/for-schools.md)
- [For accommodation](/for-accommodation.md)
- [AI automation](/payments-ai-automation.md)
- [Pricing](/pricing.md)

**Help & resources**

- [Training](/training.md)
- [Contact](/contact-us.md)
- [Developers](/api.md)
- [Zapier integration](/zapier.md)
- [Claude & ChatGPT](/mcp.md) — Claude & ChatGPT integration

**Company**

- [About](/about.md) — About NexPay
- [Jobs](/about.md#jobs)
- [Blog](/blog.md)
- [Media](/media.md)
- [Events](/events.md)

**Trust & locations**

- [Trust & Regulatory](/trust.md)
- [Our offices](/locations.md)

**Legal**

- [Terms and Conditions](/terms-and-conditions/)
- [Privacy policy](/privacy-policy/)
- [Cookie Policy](/cookie-policy/)
- [Complaints Policy](/complaints-policy/)
- [Financial Services Guide](/financial-services-guide/)
- [Product Disclosure Statement](/product-disclosure-statement/)
- [AML Policy](/aml-policy/)
- [Target Market Determination](/target-market-determination/)
- [Group Regulatory Disclosure](/group-regulatory-disclosure/)
- [Fees & FX Schedule](/fees-and-fx/)
- [Developer & API Terms](/developer-terms/)

## NexPay

NexPay Pty Ltd (ABN 56 153 910 984) holds Australian Financial Services Licence No. 560782 and is authorised to provide non-cash payment services to retail and wholesale clients in Australia.

- **Address:** Level 12, 64 York St, Sydney NSW 2000, Australia
- **Support:** [support@nexpay.com.au](mailto:support@nexpay.com.au)
- **Status:** [https://nexpay1.statuspage.io/](https://nexpay1.statuspage.io/)

**Follow NexPay**

- [LinkedIn](https://au.linkedin.com/company/nexpay)
- [Instagram](https://www.instagram.com/nexpayau/)
- [Facebook](https://www.facebook.com/NexPayAU)

© NexPay Pty Ltd