Flywire Appoints Chief Payments Officer to Accelerate Product & Payment Innovation

Core Insights - Flywire Corporation has appointed Mohit Kansal as Chief Payments Officer to enhance its payment innovation and global network coverage [1][2] - The organizational change aims to streamline payment strategy, operations, and product management to accelerate innovation and improve client services [2][3] Company Overview - Flywire is a global payments enablement and software company that combines a proprietary global payments network with vertical-specific software [4] - The company supports over 4,500 clients with diverse payment methods in more than 140 currencies across 240 countries [6] Recent Initiatives - Flywire is implementing initiatives to build new acceptance rails, increase localization efforts, and expand domestic payment capabilities globally [2] - Recent achievements include optimizing local payment experiences in Australia, the UK, and Europe, which have driven higher conversion rates [7] - The company has lowered payment processing costs through operational efficiencies and strategic partner negotiations [7] - Flywire has expanded payment capabilities in India and China, enhancing cross-border transactions [7] - The introduction of configurable, client-specific fraud monitoring controls has strengthened security without compromising payment experience [7] - The launch of a next-generation Flywire Payment API offers clients greater flexibility and seamless integration for diverse payment flows [7]