Education Payments Platform Market Report 2025

The education payments platform market size has grown rapidly in recent years. It will grow from $4.98 billion in 2024 to $5.71 billion in 2025 at a compound annual growth rate (CAGR) of 14.6%. The growth during the historic period can be attributed to the increasing urgency around payment data insights and analytics, rising adoption of cloud-based SaaS payment platforms, growing use of real-time event stream processing and fraud detection technologies, increasing demand from K-12 private schools, and the expanding edtech ecosystem alongside personalized learning trends.

The education payments platform market size is expected to see rapid growth in the next few years. It will grow to $9.71 billion in 2029 at a compound annual growth rate (CAGR) of 14.2%. The growth in the forecast period can be attributed to increasing digitization of educational institutions, rising adoption of online and hybrid learning, growing government support for cashless and digital payments, expanding cross-border and multi-currency payment needs, and increasing preference for installment and buy now, pay later (BNPL) payment options. Key trends during the forecast period include advancements in cloud-based payment infrastructure, integration of AI for personalized payment experiences, integration with learning management systems, incorporation with enterprise resource planning (ERP) systems, and development of multilingual and multi-currency support systems.

The increasing adoption of digital payment solutions is expected to significantly drive the growth of the education payments platform market going forward. Digital payment solutions encompass electronic methods and platforms that enable cashless money transfers between parties, facilitated by the growing penetration of smartphones and internet access. This surge in accessibility and convenience is transforming how users conduct financial transactions. Education payments platforms leverage these advancements by streamlining fee collection and payments for both students and educational institutions. These platforms offer secure, automated, and compliant payment processes, enhancing operational efficiency and improving the overall education experience. For example, in January 2024, the European Central Bank reported a 24.3% increase in contactless card payments in 2023, totaling 20.9 billion transactions compared to the previous year. Therefore, the rising adoption of digital payment solutions is fueling growth in the education payments platform market.

Leading companies are innovating with AI-powered end-to-end digital onboarding platforms that simplify payment processes, enhance compliance, and reduce transaction delays and drop-offs. These platforms automate the entire user onboarding journey - from registration through payment - providing seamless and efficient service. For instance, in August 2024, HDFC Bank Ltd., an India-based financial services company, launched a specialized Edtech platform catering to students planning to study abroad. This platform digitizes overseas education payments, allowing students to transfer funds directly to foreign universities via a streamlined digital onboarding gateway. Features include real-time payment tracking, automated compliance verification, and AI-driven financial advice, collectively minimizing errors and delays while ensuring compliance. The platform also collaborates with educational consultants to facilitate faster and more reliable international education remittances for Indian students.

In July 2022, Flywire Corporation, a US-based foreign exchange and payment solutions provider, acquired Cohort Solutions Pty. Ltd., an Australia-based education payments platform. This acquisition aims to bolster Flywire’s presence in the international education agent ecosystem, expand its global payment capabilities, and accelerate its mission to become the leading international education payments platform worldwide.

Major players in the education payments platform market are Heartland Payment Systems Inc., Worldline SA, Blackbaud Tuition Management LLC., Nuvei Corporation, Cashfree Payments India Private Limited, Flywire Payments Corporation, Vanco Payment Solutions Inc., DPO Group, Easypay Financial Services Private Limited, BlueSnap Inc., Ezidebit Pty Ltd., Edlio LLC., e4education Limited, PaySchools, Capterra Inc., Community Brands HoldCo LLC., EduTrak Software Company, Payment Savvy LLC., SchoolCues, Tuio Payments Inc., Zenoxit Private Limited.

North America was the largest region in the education payments platform market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in education payments platform report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the education payments platform market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s recommendations and conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the financial sector, particularly in investment strategies and risk management. Heightened tariffs have fueled market volatility, prompting cautious behavior among institutional investors and increasing demand for hedging instruments. Banks and asset managers are facing higher costs associated with cross-border transactions, as tariffs disrupt global supply chains and dampen corporate earnings, key drivers of equity market performance. Insurance companies, meanwhile, are grappling with increased claims risks tied to supply chain disruptions and trade-related business losses. Additionally, reduced consumer spending and weakened export demand are constraining credit growth and investment appetite. The sector must now prioritize diversification, digital transformation, and robust scenario planning to navigate the heightened economic uncertainty and protect profitability.

An education payments platform is a digital solution designed to facilitate and manage financial transactions within the education sector. Its primary purpose is to streamline tuition fee payments, donations, event registrations, and other school-related expenses through secure, automated, and user-friendly interfaces. These platforms help educational institutions improve financial transparency, reduce administrative burdens, and provide convenient payment options for students and parents.

The main component types of education payment platforms include software, hardware, and services. Software refers to digital applications used to manage and optimize payment processes within educational institutions. These platforms include web-based applications, mobile apps, third-party payment processors, and integrated solutions that support a variety of transaction types such as tuition fees, course materials, online courses, and donation and scholarship funds. They are deployed via cloud-based and on-premise modes and serve a wide range of end users, including schools, colleges, universities, educational institutions, and tutoring services.

The education payments platform market research report is one of a series of new reports that provides education payments platform market statistics, including the education payments platform industry's global market size, regional shares, competitors with the education payments platform market share, detailed education payments platform market segments, market trends and opportunities, and any further data you may need to thrive in the education payments platform market. This education payments platform market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The education payments platform market consists of revenues earned by entities by providing services such as refund management services, international payment support services, student account management services, and multi-currency payment processing services. The market value includes the value of related goods sold by the service provider or included within the service offering. The education payments platform market also includes sales of automated invoicing tools, financial aid and scholarship disbursement tools, real-time payment reconciliation tools, payment gateway integration modules, and multi-currency payment processors. Values in this market are ‘factory gate’ values; that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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