“Can a Canadian FX-licensed money services business own the full campus commerce stack—from international tuition collection to domestic AP automation—for higher education institutions globally?”
Founded in 1996 as MTFX, a Canadian foreign exchange and money transfer business, the company extended its infrastructure into higher education under the PayMyTuition brand. The platform evolved from a narrow international tuition payment service into a full campus commerce suite—adding eBilling, domestic payment rails, payment plans, refunds, cashiering, and most recently AP automation and expense management. The embedded finance angle is self-operated FX and payments rails (leveraging MTFX's existing MSB licenses) augmented by acquirer partnerships (Worldline, Fiserv) to reach local payment methods globally.