CSI globalVCard, an electronic payments provider, has teamed up with Geoswift, a provider of two-way cross-border payments with China, to enable American companies make secure payments to their China-based suppliers or partners.
The strategic partnership will offer CSI customers a secure low cost and transparent way to make business payments to China, with settlement in CNY directly into their supplier’s Chinese bank account.
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"Customers gain security and transparency, and avoid volatile rates and hidden fees that often accompany bank charges for currency conversions," the companies said.
CSI globalVCard president and CEO Keith Stone said: "The ability to facilitate secure payment transactions into and out of China is a significant milestone for CSI, moving us closer to our goal of enabling secure, seamless payment transactions anywhere in the world."
Geoswift founder and CEO Raymond Qu said: "We are not only pleased to alleviate these obstacles for globalVCard customers but also are excited to partner with CSI-a visionary company that shares our mission to provide innovative payment offerings to the world’s leading multinational firms."
Source: PRWEB
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