Higher One adds Chinese currency to international payments service

By Stefanie Botelho. Higher One, a leader in providing financial services and data analytics to more than 1,900 colleges and universities nationally, announces the addition of the Chinese yuan to its international payments service, which is powered by Higher One’s partnership with Western Union Business Solutions. The yuan follows the recent additions of Korean won, added earlier this year and the Indian rupee, added last year. According to Open Doors 2013 “Fast Facts,” students using the yuan, the won and the rupee represent more than 50 percent of international students in the U.S. —a constituency Higher One now serves through its international payments services. More...