Fintiv, a mobile commerce platform that blends payments, loyalty programs, and mobile marketing, has partnered with Geoswift, a tech firm with expertise in Asian cross-border payments, to enable digital remittance payments into Asia through Fintiv’s mobile wallets.
What does this mean for Fintiv’s customers?
The partnership will aid Fintiv’s clients to make person-to-person or business-to-business payments into China, India, and many other Asian countries, directly from wallet accounts.
With Geoswift’s superior geographical reach through its “GeoRemit” product line, Fintiv’s payment platform can now connect to an extensive number of domestic banks or mobile wallets in Asian countries and territories. For example, payments can be delivered instantly to either the UnionPay debit/credit cards or Alipay wallets of beneficiaries in China.
What does the partnership mean for Fintiv and Geoswift?
“Geoswift and Fintiv share an unwavering commitment to make the world a more mobile and connected place. This collaboration will give customers an exceptional digital payment experience with great convenience and efficiency, to connect with families, friends, or business partners overseas,” commented Raymond Qu, founder and CEO of Geoswift.
“We are proud to partner with Geoswift as part of our global digital currency network, and very excited to expand our reach into China and Hong Kong. Supporting Geoswift’s platform with Fintiv technology while enabling our customers to make payments and remittances in Yuan and Hong Kong Dollars is strategically beneficial,” said David Hanna, Chairman of Fintiv.
