On July 22nd, 2020, Geoswift, a cross-border payment technology company, jointly announced with unionpay international and Western Union Business Solutions that it would provide preferential rates for China students who use Western Union GlobalPay to pay their tuition fees.

GlobalPay for Students is a fast, convenient and reasonable way to pay tuition fees for universities around the world. This service is specially designed for international students, so that they can easily pay for education and reduce the uncertainty in the process. China students can pay in RMB, and they are sure that the money will arrive in full and on time. There is no hidden cost in this process. Moreover, this payment method does not occupy the personal annual foreign exchange quota of $50,000 stipulated by the China Administration of Foreign Exchange.

Outside China, more than 20 million merchants have accepted UnionPay online payment. Unionpay enables customers to use funds conveniently and safely internationally.