{"id":8885,"date":"2025-01-23T00:01:18","date_gmt":"2025-01-22T18:31:18","guid":{"rendered":"https:\/\/nationalvani.com\/en\/?p=8885"},"modified":"2025-01-23T00:01:18","modified_gmt":"2025-01-22T18:31:18","slug":"sbi-enables-digital-disbursement-of-overseas-education-loans-in-indian-rupees-in-partnership-with-flywire","status":"publish","type":"post","link":"https:\/\/nationalvani.com\/en\/sbi-enables-digital-disbursement-of-overseas-education-loans-in-indian-rupees-in-partnership-with-flywire\/","title":{"rendered":"SBI Enables Digital Disbursement of Overseas Education Loans in Indian Rupees in Partnership with Flywire"},"content":{"rendered":"<div class=\"natio-before-content\" style=\"margin-bottom: 12px;\" id=\"natio-1071888192\"><style>\r\n.ad {\r\ndisplay: block;\r\nmargin: 0 auto 12px;\r\nwidth: 100%;\r\nmax-width: 640px;\r\n}\r\n<\/style>\r\n<!-- <img class=\"ad\" src=\"\" alt=\"Ad\" \/> -->\r\n<img class=\"ad\" src=\"https:\/\/nationalvani.com\/wp-content\/uploads\/2026\/01\/Ad-GaneshJoshi.jpg\" alt=\"Ad\" \/>\r\n<img class=\"ad\" src=\"https:\/\/nationalvani.com\/wp-content\/uploads\/2026\/01\/Ad-NagarPalikaTehri.jpeg\" alt=\"Ad\" \/>\r\n<img class=\"ad\" src=\"https:\/\/nationalvani.com\/wp-content\/uploads\/2026\/01\/Ad-NagarNigamRishikesh.jpeg\" alt=\"Ad\" \/>\r\n<\/div><div>\n<div class=\"nH\">\n<div class=\"nH\">\n<div class=\"nH aqk aql bkL\">\n<div class=\"nH bkK\">\n<div class=\"nH\">\n<div class=\"nH ar4 z\">\n<div class=\"aeI\">\n<div class=\"AO\">\n<div id=\":3\" class=\"Tm aeJ\">\n<div id=\":1\" class=\"aeF\">\n<div class=\"nH\">\n<div class=\"nH\" role=\"main\">\n<div class=\"nH g\">\n<div class=\"nH a98 iY\">\n<div class=\"nH\">\n<div class=\"aHU hx\">\n<div role=\"list\">\n<div class=\"h7 ie\" tabindex=\"-1\" role=\"listitem\" aria-expanded=\"true\">\n<div class=\"Bk\">\n<div class=\"G3 G2\">\n<div id=\":18h\">\n<div class=\"adn ads\" data-message-id=\"#msg-f:1821957944557143010\" data-legacy-message-id=\"1948e518f10783e2\">\n<div class=\"gs\">\n<div class=\"\">\n<div id=\":14v\" class=\"ii gt\">\n<div id=\":14u\" class=\"a3s aiL \">\n<div>\n<h3 style=\"text-align: justify;\"><span style=\"color: #000000;\"><span style=\"font-size: 16px; font-weight: 400;\">BOSTON and MUMBAI, India, Jan. 22, 2025 : State Bank of India (SBI), the country\u2019s largest bank, today announced that it is enabling the digital disbursement of education loans in local currency (Indian Rupees) directly to higher education institutions all over the world by strengthening its partnership with global payments and software company, <\/span><a style=\"font-size: 16px; font-weight: 400; color: #000000;\" href=\"https:\/\/connect.notified.com\/Tracker?data=aLO22I1sq3pkTzGlqNoAspGGwI7mlK8Vm_YLhIYYHDV8Pmq1iGsI_UwZ2MDv0ycIf6c_ukOvGel17JeAWwDVuw==000000000000\" target=\"_blank\" rel=\"nofollow noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/connect.notified.com\/Tracker?data%3DaLO22I1sq3pkTzGlqNoAspGGwI7mlK8Vm_YLhIYYHDV8Pmq1iGsI_UwZ2MDv0ycIf6c_ukOvGel17JeAWwDVuw%3D%3D000000000000&amp;source=gmail&amp;ust=1737640902587000&amp;usg=AOvVaw3tcspgLYQlNejxFFuB2SGd\"><u>Flywire<\/u><\/a><span style=\"font-size: 16px; font-weight: 400;\">\u00a0(Nasdaq: FLYW). The initiative is part of the bank\u2019s commitment to broaden the scope of education loan disbursements with enhanced customer experience.<\/span><\/span><\/h3>\n<section>\n<article>\n<p style=\"text-align: justify;\" align=\"justify\"><span style=\"color: #000000;\">State Bank of India and Flywire\u2019s internet banking integration have been providing Indian students with a\u00a0<a style=\"color: #000000;\" href=\"https:\/\/connect.notified.com\/Tracker?data=jvcYY_0tSSClrUx8Gyj16fsvMVDX8IApF6Mmz_EF6VZNE2sTlB79rHLPn2uudUikmcVGtmXFQQKFLJb_kzwrHVwZN_pe76dAVeYUNtyVpdFpYn5OOLkZEP97NRsG3eh_E-Vd45T5ncnfC_yy5QhcJEp4_uQbUdbkHNrP2L4X6EjbQQCCA5dyYEVQ-DfrpOGvyINAchPxX6O88crDuhbrjRVA3-WuGCn3qVP5X10ohBo=000000000000\" target=\"_blank\" rel=\"nofollow noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/connect.notified.com\/Tracker?data%3DjvcYY_0tSSClrUx8Gyj16fsvMVDX8IApF6Mmz_EF6VZNE2sTlB79rHLPn2uudUikmcVGtmXFQQKFLJb_kzwrHVwZN_pe76dAVeYUNtyVpdFpYn5OOLkZEP97NRsG3eh_E-Vd45T5ncnfC_yy5QhcJEp4_uQbUdbkHNrP2L4X6EjbQQCCA5dyYEVQ-DfrpOGvyINAchPxX6O88crDuhbrjRVA3-WuGCn3qVP5X10ohBo%3D000000000000&amp;source=gmail&amp;ust=1737640902587000&amp;usg=AOvVaw1g92sim4xU89wR41S8bk2g\"><u>fully digital experience<\/u><\/a>\u00a0for their tuition fee payments. Now, as an extended offering, students can also select SBI\u2019s overseas education loan option \u2013 \u2018Global Ed-Vantage\u2019 \u2013 as the source of funds, and remit fees through Bank\u2019s Processing Cells\/Branches disbursing education loans. Institutions accepting payments through Flywire benefit from receiving payments on time as well as full transparency into the transaction history, which eases their reconciliation processes and drives operational efficiencies. Further, the integration also helps Indian residents comply with Liberalized Remittance Scheme (LRS) requirements.<\/span><\/p>\n<p style=\"text-align: justify;\" align=\"justify\"><span style=\"color: #000000;\"><strong>State Bank of India, the market leader in education loans, processes around $890 million in annual loan volume for international students. With the introduction of this digital offering, SBI now creates a seamless and digital payment experience for its resident customers. <\/strong><\/span><span style=\"color: #000000;\">Introducing the facility, <strong>Vinay M Tonse, Managing Director (RB&amp;O), State Bank of India, said,<\/strong>\u00a0\u201cAt State Bank of India, we are committed to empowering Indian students in pursuing their educational aspirations globally. Our partnership with Flywire is a testament to this commitment, as it enables a fully digital and transparent disbursement of overseas education loans in Indian Rupees, directly to institutions worldwide. This initiative underscores our dedication to driving growth in the education loan sector while delivering a seamless, efficient, and secure experience for our customers.\u201d<\/span><\/p>\n<p style=\"text-align: justify;\" align=\"justify\"><span style=\"color: #000000;\"><strong>Mohit Kansal, SVP of Global Payments and Payer Services, Flywire said<\/strong>, \u201cWe are thrilled to expand our successful partnership with SBI and together provide Indian students an enhanced payment experience for disbursing loans internationally. As one of the most popular choices for students, SBI is now offering their borrowers an easier way to pay their educational institutions in Indian rupees, and will benefit from full transparency and traceability of overseas payments. We look forward to working together and solving this critical market need.\u201d State Bank of India remains committed to providing best-in-class banking solutions that cater to the unique needs of its customers, and this partnership with Flywire exemplifies that commitment. <em>News Input CRDT: <span style=\"font-size: 16px; font-weight: 400;\">GLOBE NEWSWIRE<\/span><\/em><\/span><\/p>\n<\/article>\n<\/section>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"natio-after-content\" style=\"margin-bottom: 12px;\" id=\"natio-1445895153\"><style>\r\n.ad {\r\ndisplay: block;\r\nmargin: 0 auto 12px;\r\nwidth: 100%;\r\nmax-width: 640px;\r\n}\r\n<\/style>\r\n<!-- <img class=\"ad\" src=\"\" alt=\"Ad\" \/> -->\r\n<!-- <img class=\"ad\" src=\"\" alt=\"Ad\" \/> -->\r\n\r\n\n\t\t<!-- 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&hellip;<\/p>\n","protected":false},"author":2,"featured_media":8886,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22,23,16],"tags":[2017,735,2016,2018,2015],"class_list":["post-8885","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-national","category-world-news","tag-flywire","tag-sbi","tag-sbi-enables-digital-disbursement-of-overseas-education-loans-in-indian-rupees-in-partnership-with-flywire","tag-sbi-india","tag-v"],"_links":{"self":[{"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/posts\/8885","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/comments?post=8885"}],"version-history":[{"count":1,"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/posts\/8885\/revisions"}],"predecessor-version":[{"id":8887,"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/posts\/8885\/revisions\/8887"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/media\/8886"}],"wp:attachment":[{"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/media?parent=8885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/categories?post=8885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/tags?post=8885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}