Geoswift launches GeoRemit, a P2P money transfer service for fast and secure remittance services

GeoRemit's anti-money laundering (AML) monitoring for transactions and fraud control measures provide added layer of security for online transactions.

Geoswift, a leading payment technology company providing customized one-stop cross-border payment solutions between China and the rest of the world has launched GeoRemit, a P2P money transfer service at Money2020 Europe, today.

According to RemitSCOPE, China is one of the three largest remittance receiving countries in Asia. GeoRemit will help consumers remit funds to China through a secure and efficient medium utilizing Geoswift’s extensive network of banks in China.

Raymond Qu, Founder and CEO of Geoswift said, “GeoRemit is designed to speed up, streamline and simplify the money transfer remittance process within an ever-changing landscape where transaction values are getting smaller and transaction volumes are increasing."

Along with a seamless single API integration to GeoRemit, we have implemented rigorous compliance procedures in place to ensure that transactions are screened, legitimate, and securely delivered to the recipient, he added.

Gwoswift has launched GeoRemit @Money2020. GeoRemit will help consumers #remit funds to #China through a secure and efficient medium utilising Geoswift’s extensive network of banks in China #M2020EU. Read more: https://t.co/doZJes6sAh

— Geoswift (@GeoswiftLimited) June 4, 2018

As a facilitator of cross-border payments, we take it upon ourselves to ensure that users continue to benefit from accessible, affordable and secure remittance services and simultaneously protect the integrity of financial markets that we operate within, Raymond Qu told.

GeoRemit's anti-money laundering (AML) monitoring for transactions and fraud control measures provide added layer of security for online transactions. It ensures that all transactions on its platform comply with the requirements from the People’s Bank of China (PBoC).