Cross-border payments and receivables platform Flywire (formerly peerTransfer) is marking international growth today. Less than a year-and-a-half after entering the Japanese market, the Massachusetts-based company has moved $60 million on behalf of Japanese schools and students.

Flywire has also signed on 90 schools in Japan, including Yamanashi Gakuin University, Globis University Graduate School of Management, Kumamoto Gakuen University, Chuo College of Technology, eight YMCA Vocational Schools, Kyoshin Group Schools, Meiko Network Group Schools, Sendagaya Japanese Language School, Arc Academy, and Akamonkai Japanese Language Schools.

“International education is thriving in Japan, and it’s one of the key countries in our expansion in the Asia-Pacific region,” said Mike Massaro, CEO at Flywire. “We have an outstanding team in place focused on serving the needs of both educational institutions and students to make the cross-border payment and receivable process easy, efficient and transparent for all involved.”

Earlier this month, Flywire announced an agreement with Volvo to support the vehicle manufacturer’s new program that helps international students lease a Volvo car while they attend school overseas. With a single payment upfront, students can borrow a new Volvo vehicle for their term at school, with maintenance and insurance included. At the end of the school term, the student returns the vehicle to the dealer. Through the agreement, Flywire will not only facilitate payment tracking and reconciliation with Volvo Car Financial Services, it will also enable the borrower– the student– to pay in their preferred currency.

Since it was founded in 2011, Flywire has processed $5 billion in educational payments. The company is partnered with more than 1,300 organizations across 18 countries and the service works in 220 different countries and territories with 120 different currencies. Earlier this summer, Flywire partnered with PayPal to offer clients a new channel through which to send and receive money. The company presented its original tuition payment platform at FinovateSpring 2011. Flywire has raised a total of $43.2 million.

It may be money that makes the world go ’round but that only works if money goes ’round the world. Cross-border payment and receivables solution, Flywire (formerly peerTransfer) is seeking to facilitate that movement. Now, the Boston, Massachusetts-based company announced it has teamed up with PayPal to offer clients a new avenue for sending and receiving international payments.

The PayPal payment method is available to Flywire clients in the European Union, the U.K., the U.S., and Canada. Flywire anticipates the new development will help clients “streamline the management and tracking of international receivables.” Ryan Frere, Vice President of Global Payments for Flywire, said the new payment option “furthers our objective of taking the friction out of international payments and making them every bit as familiar, easy and convenient as domestic payments.”

Flywire was founded in 2009 when it was originally known as peerTransfer. In 2015, the company added offices in Spain and expanded its focus beyond international student tuition payments to include cross-border payment offerings for heath care and businesses– a move the company announced in March of this year. Flywire presented its original tuition payment platform at FinovateSpring 2011. The company has raised a total of $43.2 million. Mike Massaro is CEO.