Geoswift's Translator Tackles China's Tricky Payments Language Barrier

Hong Kong-based Geoswift got its start by creating technology powering cross-border tuition payments sent by families from China to colleges abroad, but when Geoswift saw corporate payments into China begin to grow, its biggest barrier wasn’t technology, but language. Over the last few years with the rise of e-commerce, Geoswift has seen rising...

Hong Kong-based Geoswift got its start by creating technology powering cross-border tuition payments sent by families from China to colleges abroad, but when Geoswift saw corporate payments into China begin to grow, its biggest barrier wasn’t technology, but language.

Over the last few years with the rise of e-commerce, Geoswift has seen rising demand for smaller corporate disbursements under $5,000 each heading into China, generally from English-speaking countries to small- and midsize to Chinese businesses, which frequently require special attention.

Source: www.paymentssource.com