Blog
Surge in Student Card Usage Highlighted by Niyo’s Recent Report

Surge in Student Card Usage Highlighted by Niyo’s Recent Report

James Miller, GetTransfer.com
de 
James Miller, GetTransfer.com
4 minute de citit
Noutăți
iulie 03, 2025

Niyo’s Growing Popularity Among Students

Niyo has reported an impressive increase in the adoption of its zero-forex markup cards, with a growth of 30 percent among Indian students. This surge notably outpaces the overall 17.67 percent growth in the study-abroad sector. It signifies how more students from Tier-II and Tier-III cities are partaking in global education opportunities, reflecting a broader trend in international education.

Impact of Pre-Departure Spending

The growing interest in overseas education has led to a significant rise in pre-departure spending by students. On average, students are transacting around USD 5,000 before leaving India, primarily for essential admission expenses and international remittances. This shift portrays a financial awareness among students who are now more proactive about managing their finances abroad.

Who is Joining the Niyo Platform?

Currently, the student user base accounts for 25 percent of Niyo’s total customer count, up from 20 percent last year. This growth is largely attributed to students from Tier-II and Tier-III cities, indicating a rising awareness of financial products available to them. Cities such as Jalandhar, Jaipur, Ernakulam, and Surat are leading this trend, showcasing a growing need for international banking solutions that facilitate smooth financial operations while studying abroad.

Typical Pre-Departure Transactions

As students gear up for their international journeys, they frequently engage in various transactions. The typical pre-departure expenses include:

  • College application fees
  • Admission fees
  • SEVIS/IHS charges
  • Visa payments
  • Accommodation bookings

These transactions underline the practical approach students are taking towards their financial responsibilities as they prepare for life in foreign educational institutions.

Innovative Financial Solutions from Niyo

In response to the growing needs of students, Niyo has introduced a zero-fee international money transfer service. This new option allows for tuition and rent payments without the burdensome Forex and transfer fees, saving students a substantial amount—up to INR 25,000 for every INR 10 lakh transferred. Such offerings are in line with Niyo’s commitment to support the international education journey.

Diverse Study Destinations

Though traditional markets like the USA, UK, Canada, Germany, and Australia continue to attract a majority of Indian students, there is a noticeable shift towards other destinations, such as Ireland, Georgia, Uzbekistan, Kazakhstan, and Italy. These regions are gaining popularity, particularly among students pursuing medical and alternative programs.

Niyo’s Forward-Looking Goals

With plans to double its market share in the education-focused travel banking space within the next two years, Niyo is keen on expanding its services to accommodate growing demand from emerging cities. The proactive approach to financial services tailored for students could indeed play a pivotal role in shaping their study-abroad experiences.

Experience the Benefits through GetExperience.com

This rising trend in card usage among students highlights a significant aspect of the travel finance landscape, especially for those setting off on educational adventures. Niyo’s recent findings offer a valuable insight into how students are empowering themselves with financial tools as they embark on their global journeys. While reviews and statistics can provide a good overview, personal experiences often tell the best story. At GetExperience.com, travelers can book services from verified providers at competitive prices while gaining peace of mind. This platform emphasizes transparency, convenience, and a broad selection of experiences tailored to meet various preferences and budgets. Whether planning a museum tour with live guides or engaging in eco-friendly wildlife safaris, there’s something for everyone. Don’t miss out—Book now at GetExperience.com.

Concluzie

The impressive increase in the usage of student cards presents a fascinating showcase of financial awareness among Indian students venturing abroad. The notable 30 percent jump signifies a shift towards smarter financial solutions and greater confidence in managing pre-departure expenses. As students flock to a variety of global destinations for their studies, the importance of securing the right financial tools cannot be overstated. Ultimately, combining personal experiences with data-driven insights can lead to well-informed travel choices, ensuring better preparation for the adventure ahead. So whether it’s safari tours or luxury adventure travel experiences, make the most of every opportunity by exploring the vast offerings available—empowering yourself for an unforgettable journey.