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NexPay expansion in Colombia means better rates for our partners

Updated: May 21, 2021

NexPay Pty Ltd, a Sydney-based expert global education payments company, recently announced a new partnership with Banco de Bogotá, allowing the company to offer even more competitive rates on international money transfers to Colombian clients.

The addition of Banco de Bogotá builds on NexPay’s Colombian banking infrastructure, which already includes PSE and credit card payments with instalments options. NexPay is expanding rapidly and has become popular with international students and education agents due to low exchange rates, ease of use, and flexible payment options.

“The international education sector was hit hard by the pandemic. Educations were interrupted. Livelihoods were put in jeopardy. And institutions had to adapt their programming in ways they never intended,” explained NexPay CEO Piew Yap. “At NexPay, our clients come first. The move in Bogota is just one of the continuous improvements and expansions taking place for NexPay.”

NexPay boasts an easy-to-use platform for clients to pay tuition, accommodation, transportation, health insurance, application, and Visa fees, and more. Through the platform, clients can pay in their local currency with options including credit card payments, installments, and more, and track their payments. The payment then arrives at its intended destination fully reconciled in the receiver’s local currency, all at competitive exchange rates and no banking fees.


Ser el Banco líder y referente en Colombia y Centroamérica, que crece con el progreso de sus clientes, de su equipo humano, de sus accionistas y del país.

Un Banco líder en Colombia para el mercado de empresas, personas y el sector social. El mejor apoyo para el crecimiento y progreso de sus clientes. Un Banco que cumple con los objetivos de liderazgo en eficiencia, rentabilidad, utilidad y generación de valor que esperan los accionistas.

Nuestra historia esta íntimamente ligada a la historia del país. Hemos trabajado junto a los colombianos, empresarios, mujeres, jóvenes y niños que creen en la construcción de un mejor país.


NexPay Pty Ltd is an expert global education payment company headquartered in Sydney, Australia, with offices around the world. NexPay provides secure, simple, and speedy international education payment options that save students, agents, and institutions time and money.

With NexPay, clients can create and receive international payments 24 hours a day, seven days a week through the online portal.

Payments are generated in the user’s local currency and quickly arrive to the agent or institution fully reconciled with no surprise fees or shortage due to exchange rate fluctuations.

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