peerTransfer Now Accepts Chinese Renminbi!

We have some big news this week! We’re bursting with excitement to tell you that peerTransfer now has the ability for Chinese students to pay in their home currency, the Chinese Renminbi! That’s right – Chinese students, you can finally pay in your local currency, and peerTransfer is the first payment processor to offer this capability!

Students from China are now able to make payments through multiple online funding mechanisms such as bank transfers, e-wallets, and their bank issued cards, to pay in their home currency. We will then process the payment and deposit the appropriate currency into your school’s bank account.  

According to the Institute of International Education, there were 157,558 Chinese students studying in the United States during the 2010/2011 academic year, and make up 21.8% of the total US International Student population. Did you know Chinese students make up a third of our entire customer base? We love helping international students save money, and we’re about to start saving students from China a lot more!

We’re sending out a big THANK YOU to all of our customers for your continued support. You can bet that we’ll continue to work hard to bring you the most innovative technology, and the best savings! Now, back to the books!

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