AI Top 50 2018 – 970×90 EN


TiENPAY Launches Innovative Global Mobile Wallet Platform

Shenzhen, China, July 26, 2017 /ChinaNewswire.com/ – TiENPAY Limited, a premium global mobile wallet platform, today makes the global debut of its innovative mobile wallet app: TiENPAY Wallet. The company successfully conducted a live cross-border digital currency during a press conference in Shenzhen today to mark the global launch. The company’s TiENPAY mobile iOS apps… Read More

Ant Financial Invests In Chinese FinTech Start-Up VFinance

Ant Financial Services Group, the financial services affiliate of Chinese Internet giant Alibaba Group Holding Ltd., has made a strategic investment in VFinance, a Shanghai-based start-up providing digital financial infrastructure solutions to enterprises in China.

UnionPay International Initiates Summer Marketing Campaign to Improve Outbound Tourists’ Payment Experience

NEW YORK, July 6, 2017 /PRNewswire/ — The other day, UnionPay International announced in Shanghai the launch of its Summer Marketing Campaign. Cai Jianbo, CEO of UnionPay International, and heads of 14 banks, 12 travel service providers and several global merchants attended the press conference.

In 2014, UnionPay International launched its three major marketing campaigns, namely the "Global Top 60 Airports", the "30 Selected Travel Destinations" and the "30 Core Business Districts". Since then, the scale of these campaigns enlarged each year and this year, they cover 100 airports, 60 travel destinations and 60 business districts. UnionPay International also launched its cross-border marketing platform U Plan, which has now attracted 23 banks, travel agencies and airlines and over 2,000 stores across 12 countries and regions outside mainland China to participate.

"We take ‘cross-over cooperation and privileged experience’ as the theme of our campaign to show that UnionPay is willing to act as a platform to unite all parties to jointly provide better payment experience," said Cai Jianbo, "We’ve not only cooperated with financial enterprises and the tourism, but have also collaborated with Internet companies to enhance our service capacity."

Large scale and substantial discounts that cover the whole journey

The campaign has two highlights: First, it covers about 10,000 stores across 30 countries and regions, covering fields of catering, accommodation, transport, shopping and entertainment. UnionPay International also designed seven themed travel routes cardholders. Second, offers can be enjoyed during the whole course of traveling: discount for flight ticket and hotel booking; WiFi rental, car rental and airport shuttle bus discounts; exclusive offers at merchants; UnionPay tax refund service, etc.

UnionPay innovative payment that meets the demands of the young

Now, the majority of China’s outbound tourists are the post-1980s. According to the Annual Report on China‘s Outbound Tourism Development 2016 issued by China Tourism Academy, post-1980s prefer free-and-independent travels. They like to book flight tickets, hotels and half self-help products online before departure, and prefer mobile payments.

Cardholders can enjoy payment convenience offered by UnionPay mobile QuickPass and U Plan. Merchants in Singapore, Hong Kong, Thailand, Australia and New Zealand offer exclusive discounts for mobile QuickPass. Mobile QuickPass NFC contactless payment is accepted at about 500,000 POS terminals outside mainland China, and mobile QuickPass QR code payment has been launched in Hong Kong and Singapore.

Askari Bank Limited and UnionPay International Sign Agreement for NFC & EMV Debit Card Issuance

SHANGHAI, June 13, 2017 /PRNewswire/ — Askari Bank Limited (AKBL), Pakistan’s premier banking institution and UnionPay International, one of the world’s largest payment schemes, has entered into an agreement to issue UnionPay QuickPass (NFC) and EMV Chip Cards in Pakistan. The initiative will allow AKBL customers to enjoy convenience of contactless payments "TAP & GO" while keeping the payments safe and secure. Further, the agreement would allow AKBL customers to conduct transactions at 41 million merchants and over 2 million ATMs worldwide along with 10 million online merchant sites.

The partnership was signed by Mr. Farrukh Iqbal Khan, Group Head Operations, Askari Bank Limited Pakistan and Mr. Han Wang, General Manager, UnionPay International Middle East in Shanghai, China in the presence of Mr. Larry Wang, Chief Business Development Officer of UnionPay International, Mr. Asim Bashir-Country Head Branchless Banking & ADCs of AKBL.

"Askari Bank has always been at the forefront in re-shaping and re-defining financial services landscape and signing agreement with UnionPay International for QuickPass (NFC) and EMV chip card issuance is yet another step", said Farrukh Iqbal Khan, Group Head Operations, Askari Bank Limited. He further added that the Askari Bank will take advantage of UnionPay successful best practices for financial inclusion in China while re-defining AKBL strategic plan for financial inclusion.

"We are excited to work with UnionPay in Pakistan. Askari Bank continues to focus on improving customer experience and providing greater convenience by continuing to introduce new and innovative products. ‘Tap & Go’ contactless payments will add further convenience for AKBL customers while keeping the payments safe and secure", said Asim Bashir, Country Head Branchless Banking & ADC, Askari Bank Limited.

Mr. Larry Wang Chief Business Development Officer of UnionPay International, said, "We are glad to offer new payment options for Pakistanis together with AKBL. UnionPay have made quite an achievement in Pakistan these years. At present, 70% of ATMs and 95% of POS terminals in Pakistan accept UnionPay cards, and over 3.4 million UnionPay cards have been issued in the country. The launch of UnionPay innovative products like QuickPass and EMV chip cards here this time will further enhance our service capability for the local residents."

UnionPay mobile QuickPass QR code payment landed in Hong Kong and Singapore

SHANGHAI, June 5, 2017 /PRNewswire/ — After UnionPay mobile QuickPass QR code payment was launched on May 27 in mainland China, UnionPay International announced today to extend this service to Hong Kong and Singapore. The first merchants providing this new service are three stores of Colourmix at Causeway Bay, Hong Kong and two stores of BreadTalk in VivoCity and Marina Bay Financial Centre, Singapore. Next, UnionPay mobile QuickPass QR code payment will be introduced in the travel destinations favored by Chinese tourists, including Thailand, Indonesia and Australia.

UnionPay mobile QuickPass supports NFC contactless payment with UnionPay chip cards, smartphones and wearable devices. Outside mainland China, mobile QuickPass is now accepted at about 500,000 POS terminals across Hong Kong, Macau, Taiwan, Singapore, Malaysia, Australia, Canada, Russia, the UAE, etc. Customers can pay easily by tapping mobile phones. The newly launched QR code payment is a significant supplement to NFC payment.

"We are accelerating the rollout of various mobile QuickPass products and services outside mainland China so that we can bring faster, more convenient and secure payment options for our customers." Cai Jianbo, CEO of UnionPay International said, "We choose to launch UnionPay QR code payment first in daily spend merchants to meet the diverse tourist payment needs resulting from the Chinese tourists’ preference shift from group tours to free-and-independent traveling. I believe that in the near future, customers outside mainland China will also be able to enjoy this safer and easier QR code payment service."

Now, the service launched in Hong Kong and Singapore is Consumer Presented QR Code. Mainland cardholders can add their UnionPay cards to the "UnionPay Wallet" APP, press "Payment Code" and choose "Overseas Payment Code" to generate a QR code, and then have it scanned by the cashier to complete payment. In Hong Kong, the service supports the combination of payment code and e-coupon code. Customers using the UnionPay cross-border marketing platform, u·plan, can get an exclusive e-coupon code from the u·plan zone in the "UnionPay Wallet" APP, and have it scanned by the merchant to enjoy discount while making payments.

Compared with other QR code payment products, UnionPay mobile QuickPass QR code has three major features: Firstly, it is with global interoperability. Secondly, this payment mode provides greater safety as it uses the tokenization technology. Thirdly, it provides comprehensive services including risk compensation mechanism.

Asian Budget Airline AirAsia Expands In China With Henan Province Deal

Malaysia-based Asian budget airline operator AirAsia Berhad has signed a memorandum of understanding with state-owned financial institution China Everbright Group and an entity associated with the Henan government to establish a joint venture to operate a low-cost airline business based in Zhengzhou city, Henan province’s capital.

UnionPay International Supports Payment Interconnection among the Belt and Road Countries

SHANGHAI, May 12, 2017 /PRNewswire/ — From expanding its acceptance network, to issuing cards abroad, and to launching technical standards in overseas markets, UnionPay International has explored a practical way of business expansion along the Belt and Road.

Now, UnionPay has presence in over 50 markets along the Belt and Road. UnionPay International CEO Cai Jianbo said, "Our strategy is to suit our measures to the local conditions in different markets, supporting the personnel exchanges between China and other regions and facilitating the ‘Going Global’ of China’s financial standards."

Supporting personnel exchanges between China and the Belt and Road

With the implementation of the Belt and Road Initiative, UnionPay has made substantial progress in the relevant markets.

Kazakhstan can be taken as the epitome of UnionPay’s fast expansion. Within 2 years, UnionPay’s acceptance coverage at ATMs and POS terminals has rapidly increased from 50% and 20% respectively to 80% in both. This figure will grow to 95% this year. Meanwhile, over 1.3 million UnionPay cards have been issued.

In Pakistan, UnionPay is accepted at almost all the POS terminals and over 70% of ATMs. More than 3.4 million UnionPay cards have been issued, making UnionPay the international card brand with the second largest market share there. In Russia, about 340,000 POS terminals and 41,000 ATMs accept UnionPay, and the acceptance coverage will grow to 80% by year end.

In 2016, the transaction volume in China with UnionPay cards issued in Pakistan and Nepal almost tripled, and that of UnionPay cards issued in Russia, Kirghizia, Indonesia and Mauritius grew by about 50%.

Facilitating the "Going Global" of China’s financial technical standard

UnionPay has realized the global expansion of its network, brand and products, and has promoted the "Going Global" of China’s financial technical standard too.

UnionPay participated in the construction of Laos’ national bankcard payment network, and has jointly built the Thai Payment Network (TPN) with the major banks in Thailand. UnionPay also helped Thailand in creating its own debit card brand, TPN.

Moreover, UnionPay chip card standard is adopted as the recommended standard in Thailand and Myanmar, and is taken as the cross-border chip card standard of Asian Payment Network (APN). This February, UnionPay International and the Philippines’ switch network, BancNet, announced that they would promote the latter’s member banks to issue UnionPay chip cards in a large scale.

UnionPay International Optimizes User Experiences at 100 Airports

SHANGHAI, May 2, 2017 /PRNewswire/ — UnionPay International announced today the launch of its upgraded campaign at 100 airports worldwide, providing discounts and services at various types of merchants. From now to February 28, 2018, UnionPay cardholders can enjoy exclusive privileges and value-added services at more than 100 international airports across about 30 countries and regions.

UnionPay International have been devoted to improving its global privilege system to meet cardholders’ diverse demands, launching global campaigns featuring "Global Airports", "Famous Business Districts" and "Selected Tourism Destinations" each year. Besides these themed campaigns, UnionPay International also launched a cross-border marketing platform, U Plan, which realized a higher level of precision in cross-border marketing via mobile Internet.

The "Global Airport" campaign this year is featured with three highlights:

Firstly, it is more extensive. The participating airports are not only in traditionally popular tourist destinations such as Hong Kong, Taiwan, Japan, South Korea, Southeast Asia, Europe, North America, Australia and Middle East, but also include Mactan-Cebu International Airport in the Philippines, Plaisance International Airport in Mauritius and Nadi International Airport in Fiji. Cardholders may enjoy discount up to 10% at merchants in more than 100 international airports.

Secondly, it covers more types of merchants and provides value-added services. UnionPay International now offers exclusive discounts at airport restaurants, bookstores, gift shops as well as privileges such as VIP lounge access, airport shuttle bus, car rental and tax refund.

Thirdly, exclusive privileges of mobile QuickPass and U Plan are available. Special offers for UnionPay mobile QuickPass are launched in the Chinese Corner at Melbourne Airport, Relay Book Store at New Zealand Airport and food streets at 5 airports in Taiwan. King Power at 4 airports in Thailand, JR Duty Free at 8 airports in Australia and New Zealand, and Travel Pharm at 3 airports in New Zealand offer the highest discounts available for U Plan users. Cardholders may get U Plan coupons via the mobile app of UnionPay international and its cooperative banks and travel agencies.

Latest data show that UnionPay has expanded to more than 160 countries and regions outside mainland China, covering almost all the popular tourist destinations. More than 20 million merchants and 1.3 million ATMs outside the Chinese Mainland accept UnionPay cards. Cardholders may also enjoy various value-added services such as UnionPay Emergency Assistance and Overseas Tax Refund.

Moxian, Inc. Releases New Version App with Built-in UnionPay Payment Modules Targeting at Chinese Third-party Mobile Payments Market and O2O Market

SHENZHEN, China, April 20, 2017 /PRNewswire/ — Moxian, Inc. ("Moxian" or the "Company") (Nasdaq: MOXC), an offline-to-online (O2O) integrated social media platform operator, today announced the launch of a new version of its Moxian User App and Business App (the "New Version App") that features built-in UnionPay payment modules. This follows the Company’s strategic partnership with Beijing Chinaums, a subsidiary of China UnionPay ("UnionPay") in December, 2016 as previously announced in the Company’s press release on December 5, 2016.

With the seamless integration of Moxian’s proprietary virtual currency engine and UnionPay’s powerful payment gateway, the New Version App enables all of the customers in the China market and participating merchants to process payments through the integrated UnionPay’s payment gateway that supports payments from Alipay, WeChat Pay and UnionPay. This three-in-one UnionPay’s payment gateway also ties with Moxian’s MO-Coin and MO-Point rewards system which rewards customers who use and process payments on the New Version App and traces the customers’ behavior which in turn allows Moxian to provide the participating merchants with complete and detailed analytic data and tools. This detailed analytic data and tools will in all ways enable the participating merchants to study the customers’ behavior of its customers and to carry out precise marketing to effectively increase new customers and at the same time retaining old customers.

According to reports by iResearch in China and Forrester Research, the value of Chinese third-party mobile payments more than tripled to US$5.5 trillion in 2016, compared to US$112.0 billion in the U.S. A study completed by HSBC valued the O2O market at USD1.6 trillion per year.

From the trials of New Version App conducted by Moxian in Shenzhen and Beijing, the average gross merchant value ("GMV") for each merchant is estimated to range from US$10,000 to US$100,000 per month. Following the trials, Moxian launches the New Version App in Shenzhen, Beijing and Guangzhou with a target to recruit up to 100,000 merchants into Moxian’s platform and to achieve a monthly GMV of US$1.0 billion in the following months.

The average fee which the participating merchants will share with Moxian in return for the use of services on Moxian platform, which includes payment services, customer relation management services and digital sales and precise marketing tools, ranges between 0.5% to 4% per transaction value transacted via the three-in-one UnionPay’s payment gateway on the New Version App. 

"The implementation of UnionPay into our App is a big game changer in our strategy. Through various methods, we are able to capture both users and merchants by enticing users to spend at merchant stores, which in-turn boost our active users and transaction value to merchants. Merchants are also able to gain a holistic view into user behavior through our platform which could prove to be critical for merchants to carry out promotions in a most cost-effective and efficient way and thus advantageous versus competition," said James Tan, Chairman and Chief Executive Officer of Moxian. "We also look forward to potentially developing similar relationships with other UnionPay subsidiaries and other leading enterprises to accelerate the growth of our merchant and user bases in the future."

About China UnionPay and Chinaums

China UnionPay ("UnionPay"), established in March 2002, is the bankcard association in China. As the pivotal role of Chinas bankcard industry, China UnionPay is responsible for operating unified inter-bank clearing and settlement system in China and developing the international acceptance network for UnionPay card. To date, the total numbers of bank cards issued and ATMs owned by UnionPay have exceeded 5 billion and 2 million, respectively, covering over 34 million merchants in 157 countries and regions. In 2015, UnionPay realized RMB 53.9 trillion transaction amount and surpassed VISA to become the largest settlement organization around the world. For more information about UnionPay, please go to www.chinaunionpay.com.

Established in 2002, Chinaums is a majority owned subsidiary of UnionPay with primary businesses in bank card acceptance, POS terminals, and mobile payment services. Chinaums is the largest bank card acceptance service provider in China and among the first batch of 27 financial institutions granted the third-party online payment business license from the People’s Bank of China in May 2011. To date, Chinaums serves over 6.3 million merchants and owns over 7.8 million Point-of-Sale ("POS") terminals. More information about Chinaums can be found at www.chinaums.com.

About Moxian, Inc.

Founded in 2013 in Shenzhen, China with branch offices in Beijing, Malaysia, and Hong Kong, Moxian, Inc. is an offline-to-online (O2O) integrated platform operator. The Company’s "Moxian+" mobile App platform connects Users to Merchant Clients through games, rewards and social events that they enjoy and in return, Users provide valuable information that Merchant Clients can use to effectively promote products and services offered at their brick and mortar stores. More information about the Company can be found at www.moxian.com.

Forward-Looking Statements

This press release may contain information about Moxian’s view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. Moxian encourages you to review other factors that may affect its future results in Moxian’s registration statement and in its other filings with the Securities and Exchange Commission.

For more information, please contact:

At the Company

Victor Tuang
Phone: + 86 755 83580755
[email protected]

Investor Relations

Tony Tian, CFA                 
Weitian Group LLC
Phone: +1-732-910-9692
[email protected]

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41 million merchants worldwide choose UnionPay

SHANGHAI, March 15, 2017 /PRNewswire/ — Latest data show that more than 41 million merchants and over 2 million ATMs across 160 countries and regions accept UnionPay cards. Over 10 million online merchants based outside mainland China support UnionPay Online Payment.

UnionPay International offers payment services to both Chinese tourists and global travellers. When improving its acceptance environment, UnionPay International is taking the preferences and payment habits of overseas customers into consideration, providing secure and convenient payment services for various groups of cardholders.

Drawing a "Global Consumption Map" for cardholders

Now, UnionPay has realized 100% acceptance in Hong Kong, Macau, Mongolia, Cuba and UAE. In Northeast and Southeast Asia, over 70% of the merchants accept UnionPay. In the US, over 80% of merchants accept UnionPay credit cards, while half of the merchants accepting bank cards in Europe accept UnionPay.

With over 70 million UnionPay cards issued in 40 countries and regions, more types of merchants are accepting UnionPay cards. These merchants not only include duty-free stores, shopping centers and hotels, but also include featured restaurants, entertainment establishments and public transports. For instance, in Singapore, cardholders can pay with UnionPay cards at supermarkets, cinemas, gas stations and in taxis.

UnionPay is also accepted by over 10 million online merchants based outside mainland China. These merchants not only meet cardholders’ cross-border shopping demands, but also provide featured services in airline ticket booking and tuition payment.

Building a refined acceptance network

Now, UnionPay International is further improving its acceptance network. Firstly, it continues to expand its acceptance footprint and enrich its card-using scenarios. Secondly, it is building core business districts outside mainland China, and is optimizing card-using experiences. Thirdly, it is accelerating the chip migration of its acceptance network, and is promoting issuers to issue UnionPay chip cards. Fourthly, it is rolling out UnionPay mobile QuickPass to satisfy purchasers’ demands for flexible and secure payment service.

So far, UnionPay International has built 90 core business districts in the US, Canada, Southeast Asia, Australia and New Zealand. In these districts, UnionPay’s merchant coverage is over 70%, the UnionPay logo is easily found, and exclusive privileges are offered for UnionPay cardholders.

Moreover, over 400,000 POS terminals in markets like Hong Kong, Macau, Taiwan, Singapore, Australia, UAE and Canada accept mobile QuickPass. Customers can pay with UnionPay chip cards with "QuickPass" signage and QuickPass-enabled smartphones at these terminals.

Here Are China’s Top 10 AI Companies Challenging US Tech Leadership

Think of China as the world’s factory no more. The Middle Kingdom has been rising in technological sophistication at light speed in recent years, fueled by top-down policy encouragement and venture capital funding. Ten years from now the world’s second biggest economy – though China should already be the world’s biggest economy long before that – could well be the leading power in the next exciting tech frontier: artificial intelligence (AI), projects Dr. Kai-Fu Lee, founder of Sinovation Ventures and …

China Unicom Global Launches "CUniq" MVNO Business in America

HONG KONG, March 6, 2017 /PRNewswire/ — On March 3, 2017, China Unicom Global Limited ("CUG") launched "CUniq" mobile virtual network operator ("MVNO") business in America, marking another milestone of CUG’s MVNO services development in overseas market since the successful launch of "CUniq" MVNO in Europe on December 2016. This unveiling marks CUG MVNO business has officially expanded its mobile service into American market. "CUniq" has become the first MVNO brand worldwide to simultaneously provide data sharing in forty seven countries and regions including Hong Kong, Europe and America.

"CUniq" MVNO business launch ceremony was held in Los Angeles. Liu Haiyan, Economic and Commercial Counselor Consulate General of the People’s Republic of China in Los Angeles; Marissa Rivera, Representative of Economic Development, County of San Bernardino; Sherman Zhang, Chairman of CGCC-LA(CEC) & President of AVIC International USA; Richard Pelly, Vice President of sales and business operation of Plintron; Meng Shusen, President of CUG and Zhou Lisong, Executive Vice President of CUG jointly officiated the ceremony. They were joined by more than 200 guests from America to witness this historic moment.

China Unicom Global Limited "CUniq" MVNO business launch ceremony

China Unicom Global Limited "CUniq" MVNO business launch ceremony

"CUniq" MVNO service is an overseas mobile communication service created for international business travelers. With CUG’s network advantage, service philosophy and rich operating experience, "CUniq" will bring customers an exclusive, excellent and unique mobile communication service experience. Expanding on the basis of "CUniq UK" one-card-multiple-number service that shares data in 45 countries and regions, "CUniq US" one-card-multiple-number card service raises the numbers to 47, providing 4G high speed network service among the main countries and regions of China, America, Asia and Europe. Customers are able to keep Mainland China, Hong Kong (China) and the US mobile numbers, which can be managed using a single account. Customers can use data, voice and SMS services in different countries, contact China Unicom’s 24/7 trilingual customer service (Chinese, English, Cantonese), and enjoy a smooth, joyful global communication experience.

Lisong Zhou, Executive Vice President of CUG, said, the "CUniq" one-card-multiple-number service launched in America this time will have three plans including Share Plan, Local Plan and Visitor Plan, appealing to global businesspersons, American local users and tourists respectively. Besides, CUG supports electronic paying including WeChat paying, Alipay, Visa, MasterCard, UnionPay and other convenient paying methods. Customers can enquire for various plans and make purchase on CUniq website www.cuniq.com/us

Lisong Zhou, Executive Vice President of CUG, said, the "CUniq" service launched in America this time will have three plans including Share Plan, Local Plan and Visitor Plan, appealing to global businesspersons, American local users and tourists respectively.

Lisong Zhou, Executive Vice President of CUG, said, the "CUniq" service launched in America this time will have three plans including Share Plan, Local Plan and Visitor Plan, appealing to global businesspersons, American local users and tourists respectively.

Shusen Meng, President of CUG, said the cooperation between CUG and American leading telecommunications operators not only provides high-quality service for business enterprises, but also provides high-quality overseas MVNO business through "CUniq" for the public users. CUG will continue to drive innovations and improve services, expanding high-quality service to more countries and regions.

Shusen Meng, President of CUG, said that CUG will continue to drive innovations and improve services, expanding high-quality service to more countries and regions.

Shusen Meng, President of CUG, said that CUG will continue to drive innovations and improve services, expanding high-quality service to more countries and regions.

About CHINA UNICOM GLOBAL
China Unicom Global Limited ("CUG") is a wholly owned subsidiary of China United Network Communication Group Company Limited. The headquarters of CUG is located in Hong Kong, with sales specialists and technical experts in over 28 countries and regions worldwide. CUG endeavors to deliver direct and dedicate local support to customers outside Mainland China, including Asia Pacific, Americas, Europe, South Africa and the Middle East. CUG offers reliable end-to-end global telecommunication solutions and services to multi-national corporates, Chinese enterprises, small-medium enterprises, wholesale service providers and personal users.

For more details about CHINA UNICOM GLOBAL, please visit https://www.chinaunicomglobal.com/

Photo – http://photos.prnasia.com/prnh/20170306/8521701406-a
Photo – http://photos.prnasia.com/prnh/20170306/8521701406-b
Photo – http://photos.prnasia.com/prnh/20170306/8521701406-c

Geoswift Awarded ISO/IEC 27001:2013 Certification for Information Security

HONG KONG, Feb. 23, 2017 /PRNewswire/ — Geoswift, a leading provider of cross-border payment solutions between China and the rest of the world, announced today that the company has been awarded the International Organization for Standardization (ISO) certification ISO/IEC 27001:2013. The ISO27001 certificate is a globally recognised international standard for Information Security management system (ISMS). Geoswift presently partners with major global banks, financial service providers, payment solutions providers and merchants.

Attaining ISO/IEC 27001:2013 enables Geoswift to continually enhance the organization’s data security management system and build a risk-based framework for process and secure cross-border payments with international markets. Geoswift received the certification following an extensive external audit, conducted by the BSI group. The certification further seals an international certification of reassurance for Geoswift’s partners on data security and protection.

Raymond Qu, Founder and CEO of Geoswift said, "We believe data security and quality control is essential for any business. At Geoswift, we have always taken a proactive approach to safeguard the information integrity and security of our partners."

"As we expand our global footprint, data security of assets such as financial information, intellectual property and third-party data from partners must be guarded with highest diligence and respect. The ISO/IEC 27001:2013 certification was certainly an intensive auditing process but a step in the right direction. Our partners welcome the move and it’s definitely a business investment as we continue to expand our business and deepen relationships with partners this year."

"In the global payment market, security and reliability are non-negotiable. It is of utmost importance for technology organizations to improve their standards of security and reliability. The success of Geoswift in achieving the ISO/IEC 27001:2013 certification, the latest standard of information security management system, demonstrates the strategic long-term development as well as rigorous and serious work attitude of the organization in protecting their users’ information. Also, it indicates their determination to incorporate international best practices of data protection to meet the increasing expectation of its business customers in the large, rapidly expanding marketplace," said Emmanuel Herve, Managing Director, BSI ASEAN.

The ISO/IEC 27001:2013 certification signals Geoswift’s commitment to strengthen the integrity and security of its information security management system. Geoswift is headquartered in Hong Kong with operating offices in Shanghai, London, Vancouver, Seattle and San Francisco for strategic and regulatory functions.

About Geoswift

Geoswift is an innovative payment technology company connecting China and the rest of the world. The company comprises the world’s leading payment technology experts that have a deep understanding of the industry, technology, and global and China monetary policy. Geoswift provides clients with customised one-stop cross-border payment solutions to and from China. Geoswift is relied upon by the world’s leading e-commerce companies, most prestigious universities and the largest brands in the travel industry to grow their businesses.

Geoswift is an acquirer of UnionPay International in North America and a long-term partner of many other leading financial institutions. It also maintains 19 currency exchange outlets throughout China. Geoswift is headquartered in Hong Kong with operating offices in Shanghai, London, Vancouver, Seattle and San Francisco for strategic and regulatory functions. For more information visit, please visit www.geoswift.com or send in your queries to [email protected].

CONTACT:
Cognito, Prisita Menon / Liz Asri,
+65-6221-7310,
[email protected]