Geoswift, a provider of cross-border payments between China and the rest of the world, has introduced a corporate payments solution to provide international firms an easy interface to collect payments in the Chinese yuan (CNY) from China.
The payment solution will offer a secure pathway for corporations to collect CNY payments.
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To provide the end-to-end corporate payment services, Geoswift has partnered with Western Union Business Solutions and UnionPay International.
Corporations can collect payments in CNY through Western Union Business Solution’s and Geoswift’s co-branded online payment portal, https://makepayments.com, Geoswift said. The payment will be processed by Geoswift and UnionPay.
Geoswift CEO Raymond Qu said: "We are excited to once again be working with our valuable partners at Western Union and UnionPay International to help companies more easily conduct business in China.0
"Making international payments quickly and easily is now essential for any company operating on a global scale, and we are proud to be able to help some of the world’s largest brands grow their businesses in China."
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By GlobalDataGeoswift, Western Union Business Solutions and UnionPay International have an existing agreement to provide tuition payment services at universities across the world.
