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Western Union : Geoswift, UnionPay International and Western Union Business Solutions offer Tuition Payment Promotion for International Chinese Students

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08/17/2017 | 07:02pm CEST

By a News Reporter-Staff News Editor at China Weekly News -- Geoswift, Western Union Business Solutions (a subsidiary of The Western Union Company) and UnionPay International have announced the latest joint tuition payment promotion available to Chinese students studying in the United States, United Kingdom, Canada, New Zealand, France, Australia, Switzerland, Singapore, Japan, Czech Republic and Ireland.

This latest announcement will deliver an enhanced user-experience to further simplify the payment experience for Chinese international students. They can now view payment history at a glance, track all payments and enjoy a fully-automated refund process[1]. This alliance signifies the continued commitment in providing user-friendly payment platforms for Chinese students and their families when settling tuition payments cross-border.

The promotion is available until March 31st 2018 to cardholders (with UnionPay card number starting with 62) to make transactions via Geoswift's PayTuitionNow portal. The promotion will be applicable to more than 600 academic institutions enabling Chinese students living in the United States, United Kingdom, Canada, New Zealand, France, Australia, Switzerland, Singapore, Japan, Czech Republic and Ireland to receive an Amazon Gift Card redeemable on Amazon.cn, after every successful qualifying tuition payment transaction. The complimentary gift card is worth RMB 100 for every RMB 10,000 or above transacted. The promotion is valid for a limited time while supplies last.

Raymond Qu, founder and CEO, Geoswift added, "China accounts for about 25%[2] of international students in the world, the country is instrumental in shaping the global trends of international student mobility. The United States followed by United Kingdom and Canada are the most popular destinations for outbound Chinese students for overseas education[3]. Coupled with positive economic progress and rising household income, there is a higher demand for Chinese students seeking international qualifications. We hope the promotion this year will be oversubscribed as it was last year and we encourage you to participate early."

"The Chinese students who study abroad and their families are a customer group to whom we attach great importance," said Cai Jianbo, CEO of UnionPay International. "And based on the UnionPay global acceptance network and service system, the UnionPay payment service system for students studying abroad is improving constantly: On the one hand, we are making education payment a feature service of UnionPay cross-border online payment, providing solutions to the biggest pain point of tuition fees payment. On the other, we are expanding our acceptance network in and near renowned schools, further enriching the card using channels by promoting innovative products like mobile QuickPass QR code payment. We are committed to offering better payment services to the Chinese students studying abroad.

"Western Union Business Solutions looks forward in continuing our successful relationship with UnionPay and Geoswift in enabling Chinese students and their families settle tuition payments easily and effectively. As a trusted payment provider for students in more than 140 countries studying at more than 600 education institutions globally, we are delighted to be part of this promotion," said Kerry Agiasotis, President, Western Union Business Solutions.

Keywords for this news article include: Asia, Japan, Geoswift, Singapore.

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2017, NewsRx LLC

(c) 2017 NewsRx LLC, source Geographic Newsletters

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Financials ($)
Sales 2017 5 447 M
EBIT 2017 1 033 M
Net income 2017 739 M
Debt 2017 -
Yield 2017 3,66%
P/E ratio 2017 12,36
P/E ratio 2018 10,81
Capi. / Sales 2017 1,62x
Capi. / Sales 2018 1,59x
Capitalization 8 816 M
Duration : Period :
The Western Union Company Technical Analysis Chart | WU | US9598021098 | 4-Traders
Technical analysis trends THE WESTERN UNION COMPANY
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 23
Average target price 19,8 $
Spread / Average Target 4,3%
EPS Revisions
Hikmet Ersek President, Chief Executive Officer & Director
Jeffrey A. Joerres Non-Executive Chairman
John David Thompson Chief Information Officer & EVP-Global Operations
Rajesh K. Agrawal Chief Financial Officer & Executive Vice President
Betsy DeHaas Holden Independent Non-Executive Director
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