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.

Geoswift Partners With Bank of Shanghai to Launch Payment Remittance Services

LAS VEGASOct. 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.

Money20/20 Asia 2018

Dates: March 13 – 15th, 2018

Location: Marina Bay Sands Hotel, 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.

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