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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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 …

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 …

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 …

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 …

Source: IBS Intelligence, 2018

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 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 …