Geoswift Teams Up with UnionPay International and Western Union Business Solutions for Tuition Payment Promo

Geoswift, Western Union Business Solutions, and UnionPay International announced a promotion in which UnionPay will pay for medical insurance coverage for students that process tuition payments through their specific payment network.

The National Bureau of Statistics of China calculated that about 460,000 Chinese students studied abroad in 2014. 60 percent of those students attended schools in the United States according to Institute of International Education (IIE).

These high numbers bring to light the issue regarding the extent of lack of health care benefits for these students while they are studying in the country.

“Students studying abroad and their families are important customers. UnionPay International is dedicated to creating an all-dimensional payment service system for overseas students. Featuring security and convenience, the system covers a series of services including tuition payment, daily withdrawal and card swiping, establishment of student grant and other relevant services,” said Cai Jianbo, the CEO of UnionPay International. “Based on UnionPay’s global acceptance network and service system, UnionPay not only provides tuition payment solutions but also offers considerate services for students’ life overseas. Going forward, we also hope that UnionPay payment services will cover various aspects of overseas student life such as clothing, food, accommodation and transportation so as to provide more care to help young Chinese become international talents.”

China UnionPay cardholders with a card number starting with digits “62,” who successfully complete an online tuition payment through paytuitionnow.com between now and September 30, 2015, will receive a free insurance package.

“Our three companies originally came together with the goal of making the tuition payment process as easy as possible for Chinese students studying abroad,” said Raymond Qu, the founder and CEO, Geoswift. “We are now taking our commitment to these students and their families a step further by ensuring they can receive quality health care when studying internationally.”

“Western Union Business Solutions was created with the idea of helping people and companies streamline and simplify their international monetary transactions,” said Kerry Agiasotis, president, Western Union Business Solutions. “As a trusted payment provider for students in more than 140 countries studying at more than 300 education institutions worldwide, Western Union Business Solutions’ collaboration with UnionPay and Geoswift reinforces its global commitment toward advancing education opportunities.”

Chinese students will have have access to medical coverage during the semester, despite being thousands of miles from their home country.