Bonita Springs, FL – As China continues to gain dominance as a global economic engine, there is an increased demand for U. S. businesses to make payments to China-based suppliers or partners. CSI globalVCard, a leader in electronic payments, announces a new payment offering that enables customers to securely and easily move money into and out of China.
Through a strategic partnership with Geoswift, a leading provider of cross-border payments between China and the rest of the world, CSI now offers its customers the simplest, lowest cost and most transparent way to make business payments to China, with settlement in CNY directly into their supplier’s Chinese bank account. Customers gain security and transparency, and avoid volatile rates and hidden fees that often accompany bank charges for currency conversions.
Geoswift is one of the largest, fully regulated, cross border payment providers in China with a unique ability to overcome the complexities of pricing and payments regulations in China.
“Many of our customers are world leading brands with payment needs that expand beyond U. S. borders,” said Keith Stone, President and CEO of CSI globalVCard. “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.”
“China is a complex market that requires deep expertise to navigate the regulatory and cultural hurdles that exist. As U.S. businesses expand globally, key challenges exist around the ability to easily and effectively move payments in and out of China,” said Raymond Qu, founder and CEO of Geoswift. “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.”
Learn more about how CSI globalVCard can help your business reduce costs and securely make payments to China.