New Western Union research provides insight into the future of international education
June 01 2020 - 9:00AM
Business Wire
Future international students’ demands,
attitudes and behavior will transform the way universities educate,
enrich and host their populations
The Western Union Company (NYSE: WU), a leader in cross-border,
cross-currency money movement and payments, today shares a new
report on “The Future of International Education,” in partnership
with The Future Laboratory. The white paper highlights five new
student profiles that will evolve from the shifting attitudes and
behaviors of today’s youth. From Hybrid Thinkers to Greener
Graduates, this new report predicts how academic institutions
should adapt to meet these expectations.
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Meet the students of the future: new
student profiles uncovered in “The Future of International
Education” (Graphic: Business Wire)
The findings come as universities and colleges worldwide are
evolving to navigate COVID-19, from moving online, to delaying term
dates. Institutions can use the report to ensure the new policies
they introduce align with the needs and priorities of international
students.
“We are seeing an incredible response from academic institutions
on COVID-19. Many of the changes they are introducing because of
the pandemic are accelerating trends that will benefit the
institutions and their students in the long term. By moving to
virtual classrooms, for example, we’re seeing a rise in
Transnational learning, which increases the accessibility and
flexibility of the courses being offered,” said Andrew Summerill,
head of global payments at Western Union.
“Such changes will help institutions attract international
students in the future,” Summerill said. “As we know, they
increasingly want universities and colleges to invest in new
technology to modernize the student experience. As a trusted
partner guiding universities as they evolve to meet the
expectations of future students, we conducted this research to help
them navigate these challenges.”
“The universities that actively engage with these future
international student profiles will inspire exciting innovation in
the sector and deliver sustainable growth to future-proof the
higher education landscape,” adds Summerill.
These emerging trends provide a toolkit for how universities can
attract future international students and truly thrive over the
next decade. As education undergoes a radical rebirth to make it
fit for the future international student, encapsulating and
incorporating the best, most inspiring and most useful elements of
the next digital revolution will be critical to maintaining an
engaging campus culture and social-emotional education.
Western Union Business Solutions is a trusted payments provider
that has moved over $14B on behalf of education providers. Eight
out of the top ten ranked universities globallyi save time and
money using our solutions to have their international students pay
their tuitions in 200 countries and 130 currencies. Download the
report here.
The Future Laboratory is one of the world’s most renowned
futures consultancies. It provides a unique blend of trend
forecasting, consumer insight, foresight, brand strategy and
innovation, to inspire and future-proof organizations.
About Western Union
The Western Union Company (NYSE: WU) is a global leader in
cross-border, cross-currency money movement and payments. Our
omnichannel platform connects the digital and physical worlds and
makes it possible for consumers and businesses to send and receive
money and make payments with speed, ease, and reliability. As of
March 31, 2020, our network included over 550,000 retail agent
locations offering our branded services in more than 200 countries
and territories, with the capability to send money to billions of
accounts. Additionally, westernunion.com, our fastest growing
channel in 2019, is available in over 75 countries, plus additional
territories, to move money around the world. With our global reach,
Western Union moves money for better, connecting family, friends
and businesses to enable financial inclusion and support economic
growth. For more information, visit www.westernunion.com.
WU-G
i Times Higher Education Global University Rankings 2020
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Cristina Hoole Western Union Mobile: +44-(0)7766 070978
Cristina.Hoole@wu.com
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