HONG KONG--(BUSINESS WIRE)--
Geoswift, a leading provider of cross-border payments between China and
the rest of the world, and Western Union Business Solutions (a business
unit of The Western Union Company) have announced the inclusion of
Tenpay, a leading third-party online payment platform in China, as one
of the payment channels in the proprietary online tuition payment portal www.paytuitionnow.com.
The portal www.paytuitionnow.com
provides tuition payment options for overseas Chinese students and
families to approximately 400 universities and higher education
institutions across 9 countries in Asia, Europe and North America. From
abroad, students have the option to make payments through bank transfer,
UnionPay card or via their Tenpay account in the Chinese yuan (CNY).
"We are delighted to be working with Tenpay to help support Chinese
students who are studying abroad," said Raymond Qu, founder and CEO,
Geoswift. "It is our commitment to provide a safe and convenient tuition
payment service for overseas students to help them ease the burden when
settling tuition payments amidst focusing on academic matters."
Tenpay, a leading third-party online payment platform in China, offers
secure and convenient online payment services to users, by connecting
them to a range of payment options, from travel and shopping to credit
card and utility bill payments.
According to UNESCO Institute of Statistics (UIS), China is the top
country of origin for overseas students, with 712,157 tertiary-level
students studying abroad. The US, Japan, and Canada are some of the
leading destinations for Chinese students going abroad.
About Geoswift
Geoswift is an innovative payment technology company connecting China
and the rest of the world. The company is comprised by the world's
leading payment technology experts and by combining this deep
understanding of the industry, technology, and global and China monetary
policy, Geoswift provides clients with customized 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.
It is the #5 non-bank acquirer of UnionPay International in North
America, a co-issuer of MasterCard, and a long term partner of many
other leading financial institutions. It also maintains 24 currency
exchange outlets throughout China. Geoswift is headquartered in Hong
Kong with operating offices in Shanghai, London, Vancouver, Seattle and
San Francisco for strategic and regulatory functions.
About Western Union Business Solutions
Western
Union Business Solutions 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 Tenpay
Tenpay is a leading third-party online payment platform in China. Tenpay
offers secure and convenient online payment services to users, by
connecting them to a range of payment options, from travel and shopping
to credit card and utility bill payments.
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