AUSTIN, Texas and VANCOUVER, British Columbia–(COMMERCIAL WIRE)–Fintiv, a leading m-commerce platform that brings mobile payments, loyalty programs and marketing together in one place, has partnered with Geoswift, a payment technology company with significant experience in Asian cross-border payments, to enable remittance payments digital wallets in Asia through Fintiv’s versatile mobile wallets.
The partnership will give Fintiv customers the unique ability to make person-to-person or business-to-business payments in China, India and many other Asian countries, directly from wallet accounts. With Geoswift’s superior geographic reach through its “GeoRemit” product line, Fintiv’s payment platform can now connect to a large number of national banks or mobile wallets in Asian countries and territories. For example, payments can be sent instantly to UnionPay debit/credit cards or Alipay wallets of recipients in China.
“We are proud to announce a partnership with Geoswift as part of our global digital currency network and very excited to expand our reach into China and Hong Kong. Supporting the Geoswift platform with Fintiv technology while allowing our clients to make payments and remittances in Yuan and Hong Kong dollars is strategically beneficial,” said David Hanna, President of Fintiv.
“Geoswift and Fintiv share an unwavering commitment to making the world a more mobile and connected place. This collaboration will provide customers with an exceptional digital payment experience with great convenience and efficiency, to connect with family, friends or business partners abroad,” said Raymond Qu, founder and CEO of Geoswift.
Fintiv is a global leader in mobile payments and digital banking, having deployed more than 75 ecosystems in more than 35 countries for clients serving more than 1.5 billion consumers. Fintiv is also a pioneer in mobile technology, having implemented the first mobile wallet in the US in the early 2000s, resulting in explosive growth that achieved Unicorn status in 2015. During the same period, the company created one of the most significant and relevant patent portfolios in the world. , and now manages more than 150 patents. Fintiv operates several subsidiaries that provide digital payments, commerce, and banking services.
Geoswift is an innovative and globalized payment technology company with a distinct niche in Asian cross-border payments. Since its inception in 2010, the Geoswift name has been synonymous with frictionless cross-border fund flows around the world. Geoswift is a leading authorized payment service provider in the US, UK and China, offering global acquisition and issuance capabilities for key financial institutions. Widely recognized for its proprietary technologies, extensive knowledge of global and local regulatory requirements, strong banking networks, and global operations, Geoswift offers a customized end-to-end cross-border payment solution for businesses of any size. In addition, Geoswift runs several currency exchange shops throughout China. Headquartered in Vancouver, Geoswift has regional offices in Beijing, Hong Kong, Shanghai, San Francisco, London, Singapore, and Shenzhen, offering payment solutions to clients around the world.
For more information, visit Geoswift.com or Fintivtech.com.