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Media Coverage

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 …

HK Regulator Issues SVF Licences to Geoswift and Yintran

The two companies are likely to offer some form of prepaid card or cash-storage service A day after issuing an additional four virtual banking licenses, the Hong Kong Market Authority (HKMA) announced on Friday that it has given the green light to two firms offering ‘stored value facilities.’ Launched in 2016, the HKMA’s stored value licenses aim to …

金管局向銀傳集團及匯元通卡服務發出儲值支付工具牌照

《經濟通通訊社10日專訊》金管局今日宣布,向銀傳集團及匯元通卡服務發出儲值支付工具(SVF)牌照。金管局副總裁李達志表示,自2016年實施SVF發牌制度以來,SVF業界持續發展,希望現有和新獲發牌照的營運商能繼續不斷推出新服務,為消費者和商戶提供更多選擇和便利,促進香港支付生態的多元化。   包括上述兩個持牌人在內,目前共有15個非銀行SVF持牌人,另外亦有三家持牌銀行營運SVF。 Resources: 經濟通 2019…

China Fintech Regulation Vow Met With Cool Reaction

The prospect of sweeping new regulations on China’s fintech sector has been downplayed despite the People’s Bank of China (PBOC) foreshadowing its desire to create new rules to govern the sprawling sector. Regulators Are ‘Very Smart’Executives at major Chinese investment funds and payments firms have said they see nothing to fear in the PBOC’s signalled …

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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中国留学生如何足不出户支付学费? 即日起至2019年3月31日,使用您62开头的银联卡,通过西联平台选用银联在线支付缴费满额,并输入推广码 GSFT100 即获价值100元人民币的亚马逊中国电子礼品卡一张!先到先得哦!   缴纳学费流程教学 1. 通过https://student.globalpay.wu.com选择就读院校   2. 选用银联在线支付缴学费,填写学生详细信息   3. 重定向至https://www.paytuitionnow.com,请检查信息准确无误,并输入推广码『GSFT100』(区分大小写) 完成paytuitionnow.com的付款…

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 …

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 …

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