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Media Coverage

The battle for cross-border payments is set to reshape financial services

June 09, 2020 Instant cross-border settlements are opening up the market for new players to innovate. With diverse ideas in the payments sector, those looking to collaborate — and not necessarily within the banking sphere — will come out on top. SWIFT’s dominance is coming under threat from agile competitors and payments aggregators, but maintains …

Payment infrastructure: going global with Geoswift

We caught up with Geoswift’s Raymond Qu at Money2020 Asia to discuss the part played by the business in China’s ambition to go global. In China, business is going global. Having made commitments at state level to declare its doors open to foreign investment, the country is now making waves across Asia and beyond. Born …

Geoswift to Expand Acceptance Globally for Discover Global Network

RIVERWOODS, Illinois and AMSTERDAM, June 4, 2019 /PRNewswire/ — Geoswift, a leading provider of cross-border payment solutions between China and the rest of the world, has partnered with Discover Global Network, the payments brand of Discover, allowing Geoswift’s merchants to accept more methods of payment than ever before. Geoswift merchants will now have the ability to accept Discover, Diners Club International …

Geoswift awarded SVF licence by Hong Kong Monetary Authority

Geoswift, a leading provider of cross-border payment solutions between China and the rest of the world, announced today that its Hong Kong entity has been granted a coveted Stored Value Facilities (“SVF”) Licence by the Hong Kong Monetary Authority.With the SVF licence, Geoswift can provide greater convenience and a better experience for consumers and merchants …

Cashless is The Future

Raymond Qu, Founder and CEO, Geoswift, joined Juliette Saly and Doug Krizner on Daybreak Asia. He discusses why Chinese consumers have embraced going cashless, new developments in fintech and the importance of regulation. Check out: https://www.bloomberg.com/news/audio/2019-03-19/cashless-is-the-future-radio Source: Bloomberg, Mar 2019

Financial Services Trends for Asia in 2019

Business trends Asked what is the number one business trend impacting the banking, financial services, and insurance (BFSI) industry, Geoswift CEO Raymond Qu was quick to point to regulation as finally catching up with innovation. “With the emergence of a rising number of Fintech technologies, the regulatory landscape is continually changing and BFSI organizations will continue to …

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SWIFT X-Border Payments Test ‘Instant’ Success?

In the continuing effort to render cross-border payments with speed and transparency, SWIFT, the financial messaging service, said over the weekend that it had completed testing of its instant cross-border payments concept. That test also ties in with banks based in China, Thailand, Australia and Singapore. SWIFT said that payments, enabled by its global payments innovation (gpi) in …

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 …

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