Geoswift and Western Union Include Tenpay to Provide Tuition Payments for Overseas Students

Hong Kong - 8 March 2016

Geoswift, a leading provider of cross-border payments between China and the rest of the world, and Western Union Business Solutions (a business unit of The Western Union Company) have announced the inclusion of Tenpay, a leading third-party online payment platform in China, as one of the payment channels in the proprietary online tuition payment portal

The portal provides tuition payment options for overseas Chinese students and families to approximately 400 universities and higher education institutions across 9 countries in Asia, Europe and North America. From abroad, students have the option to make payments through bank transfer, UnionPay card or via their Tenpay account in the Chinese yuan (CNY).

“We are delighted to be working with Tenpay to help support Chinese students who are studying abroad,” said Raymond Qu, founder and CEO, Geoswift. “It is our commitment to provide a safe and convenient tuition payment service for overseas students to help them ease the burden when settling tuition payments amidst focusing on academic matters.”  

Tenpay, a leading third-party online payment platform in China, offers secure and convenient online payment services to users, by connecting them to a range of payment options, from travel and shopping to credit card and utility bill payments.

According to UNESCO Institute of Statistics (UIS), China is the top country of origin for overseas students, with 712,157 tertiary-level students studying abroad. The US, Japan, and Canada are some of the leading destinations for Chinese students going abroad. 

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