Country for PR: Hong Kong
Contributor: PR Newswire Asia (Hong Kong)
Friday, August 11 2017 - 09:00
AsiaNet
Geoswift, UnionPay International and Western Union Business Solutions offer Tuition Payment Promotion for International Chinese Students
HONG KONG, Aug. 11, 2017 /PRNewswire-AsiaNet/--

Geoswift, Western Union Business Solutions (a subsidiary of The Western Union 
Company) and UnionPay International have announced the latest joint tuition 
payment promotion available to Chinese students studying in the United States, 
United Kingdom, Canada, New Zealand, France, Australia, Switzerland, Singapore, 
Japan, Czech Republic and Ireland.

This latest announcement will deliver an enhanced user-experience to further 
simplify the payment experience for Chinese international students. They can 
now view payment history at a glance, track all payments and enjoy a 
fully-automated refund process[1]. This alliance signifies the continued 
commitment in providing user-friendly payment platforms for Chinese students 
and their families when settling tuition payments cross-border. 

The promotion is available until March 31st 2018 to cardholders (with UnionPay 
card number starting with 62) to make transactions via Geoswift's PayTuitionNow 
portal. The promotion will be applicable to more than 600 academic institutions 
enabling Chinese students living in the United States, United Kingdom, Canada, 
New Zealand, France, Australia, Switzerland, Singapore, Japan, Czech Republic 
and Ireland to receive an Amazon Gift Card redeemable on Amazon.cn, after every 
successful qualifying tuition payment transaction. The complimentary gift card 
is worth RMB 100 for every RMB 10,000 or above transacted. The promotion is 
valid for a limited time while supplies last.

Raymond Qu, founder and CEO, Geoswift added, "China accounts for about 25%[2] 
of international students in the world, the country is instrumental in shaping 
the global trends of international student mobility. The United States followed 
by United Kingdom and Canada are the most popular destinations for outbound 
Chinese students for overseas education[3]. Coupled with positive economic 
progress and rising household income, there is a higher demand for Chinese 
students seeking international qualifications. We hope the promotion this year 
will be oversubscribed as it was last year and we encourage you to participate 
early." 

"The Chinese students who study abroad and their families are a customer group 
to whom we attach great importance," said Cai Jianbo, CEO of UnionPay 
International. "And based on the UnionPay global acceptance network and service 
system, the UnionPay payment service system for students studying abroad is 
improving constantly: On the one hand, we are making education payment a 
feature service of UnionPay cross-border online payment, providing solutions to 
the biggest pain point of tuition fees payment. On the other, we are expanding 
our acceptance network in and near renowned schools, further enriching the card 
using channels by promoting innovative products like mobile QuickPass QR code 
payment. We are committed to offering better payment services to the Chinese 
students studying abroad.

"Western Union Business Solutions looks forward in continuing our successful 
relationship with UnionPay and Geoswift in enabling Chinese students and their 
families settle tuition payments easily and effectively. As a trusted payment 
provider for students in more than 140 countries studying at more than 600 
education institutions globally, we are delighted to be part of this 
promotion," said Kerry Agiasotis, President, Western Union Business Solutions. 

[1] Finder.com.au, Western Union launches GlobalPay for Students - 
https://www.finder.com.au/western-union-launches-globalpay-for-students 
 
[2] CCG's annual report finds returning overseas Chinese students becoming 
major force for Innovation and Entrepreneurship, Center for China and 
Globalization( 
http://en.ccg.org.cn/ccgs-annual-report-finds-returning-overseas-chinese-students-becoming-major-force-for-innovation-and-entrepreneurship/). 
2016. 
 
[3] CCG Bluebook Report Calls to Improve Education Quality of Chinese 
International Schools, Center for China and Globalization( 
http://en.ccg.org.cn/ccg-bluebook-report-calls-to-improve-education-quality-of-chinese-international-schools/), 
2016. 
 
PRESS CONTACT:
Cognito
Prisita Menon/ Liz Asri
geoswift.asia@cognitomedia.com
+65-6221-7310

About Geoswift

Geoswift is an innovative payment technology company connecting China and the 
rest of the world. The company comprises the world's leading payment technology 
experts that have a deep understanding of the industry, technology, and global 
and China monetary policy. Geoswift provides clients with customised one-stop 
cross-border payment solutions to and from China. Geoswift is relied upon by 
the world's leading e-commerce companies, most prestigious universities and the 
largest brands in the travel industry to grow their businesses. 

Geoswift is an acquirer of UnionPay International in North America, and a 
long-term partner of many other leading financial institutions. It also 
maintains numbers of currency exchange outlets throughout China. Geoswift is 
headquartered in Hong Kong with operating offices in Shanghai, Singapore, 
London, Vancouver, Seattle and San Francisco for strategic and regulatory 
functions. For more information visit, please visit www.geoswift.com or send in 
your queries to info@geoswift.com.

About Western Union Business Solutions

Western Union Business Solutions(http://business.westernunion.com/) enables 
companies of all sizes to send and receive international payments and manage 
global cash flow, creating unique solutions tailored to suit their individual 
needs. It is a business unit of The Western Union Company (NYSE: WU), a leading 
nonbank provider of cross border payments, which offers Business Solutions 
services in over 30 countries.  Clients are supported by a network of trading 
offices, strategic banking relationships and a global clearing network and can 
send cross-border foreign exchange payments in more than 130 currencies.

About UnionPay International

UnionPay International (UPI) is a subsidiary of China UnionPay focused on the 
growth and support of UnionPay's global business. In partnership with more than 
1500 institutions worldwide, UnionPay International has enabled card acceptance 
in 162 countries and regions with issuance in 42 countries and regions. 
UnionPay International provides high quality, cost effective and secure 
cross-border payment services to the world's largest cardholder base and 
ensures convenient local services to a growing number of global UnionPay 
cardholders and merchants. 

SOURCE  Geoswift