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When East Meets West

Over the past several years, I have had the great privilege of working closely with some of the top companies in the world, collaborating with them on their payments and product trajectories into the coveted, highly regulated and complex Chinese market.   Based out of San Francisco, my work travels mostly take me to China …

Chinese Cross-border Fintechs “Racing to Build Networks”

As Trump threatens a trade war with Beijing, companies around the world are all the more concerned with how they get money in and out of China. “There’s that joke that Americans owe the Chinese lots of money,” says Raymond Qu, CEO of Chinese cross border payments company Geoswift, “but I like to combine that …

Geoswift Hits Money 20/20 with New Mobile Payments Solution for Remittances

We’re seeing an odd expansion of remittances these days, those payments from one country’s workers to relatives left behind in another country. Now, with the recent arrival of the Money 20/20 show comes a new advance in remittances, which Geoswift tipped us off about. It’s called GeoRemit, and it’s poised to get a whole lot …

Geoswift Launches GeoRemit at Money 20/20 Europe to Streamline P2P Money Transfers into China

AMSTERDAM, June 4, 2018 /PRNewswire/ — Geoswift, a leading provider of cross-border payments between China and the rest of the world, launches GeoRemit, a P2P money transfer service at Money 20/20 Europe today. GeoRemit will help consumers swiftly and securely transfer money to 90% of Chinese bank accounts, both debit and credit, in RMB, by …

Western Union Now Accepts WeChat On Its GlobalPay For Students Platform

Western Union, the global payments services company, announced news on Monday (April 30) that it has added WeChat Pay to its WU GlobalPay for Students products via an alliance with Geoswift, a payment company specializing in payment solutions in and out of China. In a press release, Western Union said accepting WeChat will enable academic institutions to offer …

Western Union Adds WeChat Capability to GlobalPay for Students

Western Union Adds WeChat Capability to GlobalPay for Students Capability enables academic institutions to simplify reconciliation of payments from Chinese students LONDON–(BUSINESS WIRE)–The Western Union Company (NYSE: WU), a leader in global payments services, announced today that it has added WeChat Pay to its WU® GlobalPay for Students product, through its alliance with Geoswift, a …

Payments companies look into China with caution

China appears to be opening up to the idea of a wider range of payments options. Before overseas companies look to dive in, they need to make sure they are keeping on the right side of the regulator. China is seeing a sea-change in how its consumers are making purchases. At the beginning of the …

Geoswift to throw hat in virtual banking ring

Geoswift, a Hong Kong-based payments company built around China-related cross-border business, will apply for a virtual banking license in Hong Kong, says CEO Raymond Qu. The company is currently applying for a stored-value facility (SVF) license, which will allow it to take deposits for digital services, but it can’t lend or offer interest to customers. …

The Booming E-Commerce Market in China – MoneyFM 89.3 & Raymond Qu

Raymond Qu, CEO of Geoswift, a strategic payment solutions platform talks about the booming e-commerce market in China.

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