Uniquely connecting China to the rest of the world

Geoswift partners with Bank of Shanghai to launch payment remittance services

Geoswift, a provider of cross-border payments between China and the rest of the world, announced its partnership with Bank of Shanghai to launch a new remittance service in 2017. This announcement was made at Money 20/20 Las Vegas today. This partnership will enable businesses and individuals globally to remit funds into China through a secure and efficient medium that is well recognized by China’s regulators, combining the network and market expertise of Geoswift and Bank of Shanghai.

This service allows continuous real-time remittance of funds from seven currencies USD, GBP, HKD, CAD, AUD, JPY and EUR to the local currency RMB for recipients in China. The service uses a fixed daily rate to minimize risks arising out of foreign exchange fluctuations, and is designed to provide ease of transaction and transparency for both the sender and receiver.

Geoswift partners with Bank of Shanghai for remittance services

Geoswift, a cross-border payments provider between China and the rest of the world, has unveiled its partnership with Bank of Shanghai to launch a new remittance service in 2017.

The partnership will enable businesses and individuals globally to remit funds into China through a secure medium that is recognised by China’s regulators.

The partnered service will allow for continuous real-time remittance of funds from seven currencies USD, GBP, HKD, CAD, AUD, JPY and EUR to the local currency RMB for recipients in China.

The service uses a fixed daily rate to minimise risks arising out of foreign exchange fluctuations and is designed to provide ease of transaction and transparency for both the sender and receiver.

Geoswift Partners With Bank of Shanghai to Launch Payment Remittance Services

LAS VEGAS, Oct. 23, 2017 /PRNewswire/ — Geoswift, a leading provider of cross-border payments between China and the rest of the world, announced its partnership with Bank of Shanghai to launch a new remittance service in 2017. This announcement was made at Money 20/20 Las Vegas today. This partnership will enable businesses and individuals globally to remit funds into China through a secure and efficient medium that is well recognized by China’s regulators, combining the network and market expertise of Geoswift and Bank of Shanghai.

This service allows continuous real-time remittance of funds from seven currencies USD, GBP, HKD, CAD, AUD, JPY and EUR to the local currency RMB for recipients in China. The service uses a fixed daily rate to minimize risks arising out of foreign exchange fluctuations, and is designed to provide ease of transaction and transparency for both the sender and receiver.

Breaking down Chinese walls

When I am not home in Vancouver appreciating the blue sky and fresh air, I am travelling between Geoswift’s global offices, engaging teams and overseeing business development. The business, as well as the arrival stamps on my passport, has increased.

Today, we have approximately 200 people across our global offices. Geoswift operates in San Francisco, Vancouver, London, Shanghai, and Hong Kong. Our headquarters is in Hong Kong, and we have satellite offices in Seattle and Singapore.

Geoswift’s translator tackles China’s tricky payments language barrier

Hong Kong-based Geoswift got its start by creating technology powering cross-border tuition payments sent by families from China to colleges abroad, but when Geoswift saw corporate payments into China begin to grow, its biggest barrier wasn’t technology, but language.

Over the last few years with the rise of e-commerce, Geoswift has seen rising demand for smaller corporate disbursements under $5,000 each heading into China, generally from English-speaking countries to small- and midsize to Chinese businesses, which frequently require special attention.

Geoswift, UnionPay International and Western Union Business Solutions offer Tuition Payment Promotion for International Chinese Students

HONG KONG – Aug 10, 2017 – Geoswift, Western Union Business Solutions (a subsidiary of The Western Union Company) and UnionPay International have announced the latest joint tuition payment promotion available to Chinese students studying in the United States, United Kingdom, Canada, New Zealand, France, Australia, Switzerland, Singapore, Japan, Czech Republic and Ireland.

This latest announcement will deliver an enhanced user-experience to further simplify the payment experience for Chinese international students, they can now view payment history at a glance, track all payments and enjoy a fully-automated refund process. This alliance signifies the continued commitment in providing user-friendly payment platforms for Chinese students and their families when settling tuition payments cross-border.

The promotion is available until March 31st 2018 to cardholders (with UnionPay card number starting with 62) to make transactions via Geoswift’s PayTuitionNow portal. The promotion will be applicable to more than 600 academic institutions enabling Chinese students living in the United States, United Kingdom, Canada, New Zealand, France, Australia, Switzerland, Singapore, Japan, Czech Republic and Ireland to receive an Amazon Gift Card redeemable on Amazon.cn, after every successful qualifying tuition payment transaction. The complimentary gift card is worth RMB 100 for every RMB 10,000 or above transacted. The promotion is valid for a limited time while supplies last.

Geoswift, Western Union, UnionPay Launch Tuition Pay Promotion for Chinese Students

According to a press release, the promotion will deliver an enhanced user experience to simplify the payment experience for Chinese international students. They can now view payment history at a glance, track all payments and enjoy a fully automated refund process.

Chinese students in the United States, United Kingdom, Canada, New Zealand, France, Australia, Switzerland, Singapore, Japan, Czech Republic and Ireland can utilize the promotion, which is available until March 31, 2018, to cardholders (with UnionPay card numbers starting with 62) to make transactions via Geoswift’s PayTuitionNow portal.

Geoswift, UnionPay and Western Union vie for Chinese international tuition payments with Amazon promotion

Paybefore (Banking Technology‘s sister publication) reports that Geoswift, UnionPay and Western Union are offering Amazon gift cards to Chinese students studying in 14 countries that make cross-border tuition payments using Geoswift’s PayTuitionNow portal.

The promotion, which runs through 31 March 2018, offers an Amazon gift card worth RMB 100 ($15) for every tuition payment valued at RMB 10,000 ($1,500) or above. The companies say they also have enhanced the user experience, offering payment history at a glance, tracking of all payments and “a fully automated refund process.”

Geoswift says Chinese students account for about 25% of all international students. The promotion is available to UnionPay cardholders studying in the US, the UK, Canada, New Zealand, France, Australia, Switzerland, Singapore, Japan, Czech Republic and Ireland.

汇元通、银联国际及西联商业解决方案为中国留学生提供学费支付改善方案

香港2017年8月11日电 — 汇元通、西联商业解决方案(西联公司的子公司)及银联国际已宣布向在美国、英国、加拿大、新西兰、法国、澳大利亚、瑞士、新加坡、日本、捷克共和国及爱尔兰留学的中国学生提供最新的学费联合支付改善方案。

本最新声明将陈述用户体验改善方案,以进一步简化中国留学生的支付体验;中国留学生现在可以随时查阅付款记录、追踪所有付款进度并享受完全自动化的退款程序。上述三家公司的结盟表明了其向中国留学生及其家人提供用户友好型支付平台进行跨境学费支付的持续承诺。

在2018年3月31日之前,持卡人(开头数字为62的银联卡卡号)可利用上述方案通过汇元通的 PayTuitionNow 端口进行交易。该改善方案将适用600多家教育机构;在美国、英国、加拿大、新西兰、法国、澳大利亚、瑞士、新加坡、日本、捷克共和国及爱尔兰留学的中国学生只要完成一笔符合条件的学费支付交易,便可获得可在 Amazon.cn 兑现的一张亚马逊礼品卡。该礼品卡可抵扣100元人民币(每笔交易需达到1万元人民币方可抵扣)。该改善方案仅在有限期间内有效。

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