Flywire Appoints Chief Payments Officer to Accelerate Product & Payment Innovation
Flywire (FLYW) has appointed Mohit Kansal as Chief Payments Officer to accelerate its payments strategy and innovation. Kansal, a 9-year company veteran, will oversee payment-related Product Management teams and drive technical alignment across verticals.
The appointment aligns with several key initiatives, including:
- Optimization of local payment experiences in Australia, UK, and Europe
- Reduced payment processing costs through operational efficiencies
- Expanded capabilities in India and China
- Enhanced fraud monitoring with client-specific controls
- Extended Payables solutions across Education, Travel, and B2B sectors
- Launch of next-generation Payment API
Under Kansal's leadership, Flywire aims to streamline payment processing, accelerate consolidation of payment assets, and enhance payment experiences globally while building on its proprietary payment network.
Flywire (FLYW) ha nominato Mohit Kansal come Chief Payments Officer per accelerare la sua strategia e innovazione nei pagamenti. Kansal, veterano dell'azienda da 9 anni, supervisionerà i team di Product Management legati ai pagamenti e guiderà l'allineamento tecnico tra i vari settori.
La nomina è in linea con diverse iniziative chiave, tra cui:
- Ottimizzazione delle esperienze di pagamento locali in Australia, Regno Unito e Europa
- Riduzione dei costi di elaborazione dei pagamenti attraverso efficienze operative
- Espansione delle capacità in India e Cina
- Miglioramento del monitoraggio delle frodi con controlli specifici per i clienti
- Estensione delle soluzioni di pagamenti nel settore dell'Istruzione, dei Viaggi e B2B
- Lancio della Payment API di nuova generazione
Sotto la guida di Kansal, Flywire mira a semplificare l'elaborazione dei pagamenti, accelerare la consolidazione delle risorse di pagamento e migliorare le esperienze di pagamento a livello globale, costruendo sulla sua rete di pagamenti proprietaria.
Flywire (FLYW) ha nombrado a Mohit Kansal como Chief Payments Officer para acelerar su estrategia de pagos e innovación. Kansal, un veterano de la empresa con 9 años de experiencia, supervisará los equipos de gestión de productos relacionados con los pagos y impulsará la alineación técnica entre los verticales.
La designación se alinea con varias iniciativas clave, incluyendo:
- Optimización de las experiencias de pago locales en Australia, Reino Unido y Europa
- Reducción de los costos de procesamiento de pagos a través de eficiencias operativas
- Expansión de capacidades en India y China
- Mejora del monitoreo de fraudes con controles específicos para clientes
- Extensión de soluciones de cuentas por pagar en los sectores de Educación, Viajes y B2B
- Lanzamiento de la API de Pago de nueva generación
Bajo el liderazgo de Kansal, Flywire busca simplificar el procesamiento de pagos, acelerar la consolidación de activos de pago y mejorar las experiencias de pago a nivel global, mientras construye sobre su red de pagos propietaria.
Flywire (FLYW)는 결제 전략과 혁신을 가속화하기 위해 Mohit Kansal을 Chief Payments Officer로 임명했습니다. Kansal은 9년 경력의 회사 베테랑으로, 결제 관련 제품 관리 팀을 감독하고 각 분야 간 기술 조정을 이끌 것입니다.
이번 임명은 여러 주요 이니셔티브와 일치하며, 그 내용은 다음과 같습니다:
- 호주, 영국 및 유럽에서의 로컬 결제 경험 최적화
- 운영 효율성을 통한 결제 처리 비용 절감
- 인도 및 중국에서의 역량 확대
- 고객 맞춤형 통제를 통한 사기 모니터링 강화
- 교육, 여행 및 B2B 분야에서의 지급 솔루션 확장
- 차세대 결제 API 출시
Kansal의 리더십 아래, Flywire는 결제 처리 간소화, 결제 자산 통합 가속화 및 전 세계적으로 결제 경험을 향상시키는 것을 목표로 하며, 자사의 독점 결제 네트워크를 기반으로 합니다.
Flywire (FLYW) a nommé Mohit Kansal comme Chief Payments Officer pour accélérer sa stratégie de paiement et son innovation. Kansal, un vétéran de l'entreprise depuis 9 ans, supervisera les équipes de gestion de produits liés aux paiements et conduira l'alignement technique à travers les différents secteurs.
La nomination s'inscrit dans plusieurs initiatives clés, notamment :
- Optimisation des expériences de paiement locales en Australie, au Royaume-Uni et en Europe
- Réduction des coûts de traitement des paiements grâce à des gains d'efficacité opérationnelle
- Expansion des capacités en Inde et en Chine
- Amélioration de la surveillance des fraudes avec des contrôles spécifiques aux clients
- Extension des solutions de paiements dans les secteurs de l'éducation, des voyages et B2B
- Lancement de l'API de paiement de nouvelle génération
Sous la direction de Kansal, Flywire vise à rationaliser le traitement des paiements, à accélérer la consolidation des actifs de paiement et à améliorer les expériences de paiement à l'échelle mondiale tout en s'appuyant sur son réseau de paiement propriétaire.
Flywire (FLYW) hat Mohit Kansal zum Chief Payments Officer ernannt, um seine Zahlungsstrategie und Innovationen zu beschleunigen. Kansal, ein 9-jähriger Unternehmensveteran, wird die produktbezogenen Teams im Bereich Zahlungen überwachen und die technische Abstimmung über die verschiedenen Bereiche hinweg vorantreiben.
Die Ernennung steht im Einklang mit mehreren wichtigen Initiativen, darunter:
- Optimierung der lokalen Zahlungserfahrungen in Australien, Großbritannien und Europa
- Reduzierung der Zahlungsabwicklungskosten durch betriebliche Effizienz
- Erweiterung der Fähigkeiten in Indien und China
- Verbesserte Betrugsüberwachung mit kundenspezifischen Kontrollen
- Erweiterung der Zahlungslösungen in den Bereichen Bildung, Reisen und B2B
- Einführung der nächsten Generation von Payment APIs
Unter der Leitung von Kansal strebt Flywire an, die Zahlungsabwicklung zu optimieren, die Konsolidierung von Zahlungsressourcen zu beschleunigen und die Zahlungserlebnisse weltweit zu verbessern, während sie auf ihrem proprietären Zahlungsnetzwerk aufbaut.
- Strategic appointment of 9-year company veteran to Chief Payments Officer position
- Successful optimization of payment experiences in multiple key markets
- Achieved reduction in payment processing costs
- Expanded payment capabilities in strategic markets (India and China)
- Launch of next-generation Payment API offering enhanced flexibility
- None.
Strategic promotion of Mohit Kansal to Chief Payments Officer strengthens Flywire’s focus on payment innovation and expanded network coverage across its global footprint
The appointment comes as Flywire implements several initiatives designed to enhance client services, accelerate acceptance rails and increase localization efforts
BOSTON, March 13, 2025 (GLOBE NEWSWIRE) -- Today, Flywire Corporation (Nasdaq: FLYW), a global payments enablement and software company, announced the appointment of Mohit Kansal to Chief Payments Officer. In this expanded role, Kansal will help accelerate Flywire’s payments strategy and drive technical alignment within Flywire’s verticals, while building on the growth of its global payment network. Kansal, who has been with Flywire for 9 years and promoted from his previous position, will also oversee payment-related Product Management leaders and teams - including Payment Gateway, API, Platform, and Payment Experience.
"This organizational change reflects our commitment to continuous innovation in the global payments space to better serve our payers and clients all around the world,” said Mike Massaro, Flywire CEO. "By bringing together payments strategy, operations, partnerships, processing cost management, monetization and payment-related product management under one umbrella, we strive to accelerate innovation, better define a payments roadmap across our business, streamline payment processing, accelerate consolidation of payment assets, and enhance our payment experiences for clients and payers worldwide.”
The appointment comes as Flywire is implementing several initiatives to build new acceptance rails, increase localization efforts, and expand its domestic payments capabilities all around the world. Recent achievements include:
- Optimization of local payment experiences in Australia, the United Kingdom, and Europe, driving higher conversion rates and an improved payer experience.
- Lowered payment processing costs through a combination of operational efficiencies, strategic partner negotiations, and innovative payment solutions.
- Expanded payment capabilities in India and China, enabling new use cases for global clients and enhancing cross-border transactions.
- Strengthened fraud monitoring capabilities by introducing highly configurable, client-specific controls to enhance security without compromising the payment experience.
- Expanded Payables solutions across the Education, Travel, and B2B sectors in the United States, United Kingdom, EU and Canada, supporting more seamless supplier and vendor payments.
- Launched a next-generation Flywire Payment API, offering clients greater flexibility, customization, and seamless integration to power diverse payment flows.
"Flywire’s proprietary global payment network and associated payments capabilities truly set us apart,” said Mohit Kansal, Flywire’s Chief Payments Officer. “Our payment network and platform have been built strategically with a focus on client level configurability of payment methods, vertical specific intelligence, and optimizing payment flows to maximize cost efficiency. I’m honored to build on this expertise to deliver more value to our clients worldwide. By aligning our payments strategy and technology more closely, we plan to build on our unique differentiators to further enhance our competitive advantage in the verticals we serve."
About Flywire
Flywire is a global payments enablement and software company. We combine our proprietary global payments network, next-gen payments platform and vertical-specific software to deliver the most important and complex payments for our clients and their customers.
Flywire leverages its vertical-specific software and payments technology to deeply embed within the existing A/R workflows for its clients across the education, healthcare and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP systems, such as NetSuite, so organizations can optimize the payment experience for their customers while eliminating operational challenges.
Flywire supports more than 4,500 clients with diverse payment methods in more than 140 currencies across 240 countries and territories around the world. Flywire is headquartered in Boston, MA, USA with global offices. For more information, visit www.flywire.com. Follow Flywire on X (formerly known as Twitter), LinkedIn and Facebook.
Safe Harbor Statement
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding Flywire’s expectations regarding the benefits of its global payment network, Flywire’s business strategy and plans, market growth and trends. Flywire intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terms such as, but not limited to, “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “target,” “plan,” “expect,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. Such forward-looking statements are based upon current expectations that involve risks, changes in circumstances, assumptions, and uncertainties. Important factors that could cause actual results to differ materially from those reflected in Flywire's forward-looking statements include, among others, the factors that are described in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of Flywire's Annual Report on Form 10-K for the year ended December 31, 2024, which is on file with the Securities and Exchange Commission (SEC) and available on the SEC's website at https://www.sec.gov/. The information in this release is provided only as of the date of this release, and Flywire undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
Contacts
Media Contacts
Sarah King
Media@Flywire.com
Investor Relations Contact
Masha Kahn
ir@flywire.com
FAQ
What are the key responsibilities of Mohit Kansal as Flywire's new Chief Payments Officer?
How has FLYW improved its payment processing efficiency in recent initiatives?
What new security measures has FLYW implemented for payment processing?
In which regions has FLYW expanded its Payables solutions?
