UnionPay cardAs students gear up for back to school, the competition for international tuition payments is heating up.

Paybefore (Banking Technology‘s sister publication) reports that Geoswift, UnionPay and Western Union are offering Amazon gift cards to Chinese students studying in 14 countries that make cross-border tuition payments using Geoswift’s PayTuitionNow portal.

The promotion, which runs through 31 March 2018, offers an Amazon gift card worth RMB 100 ($15) for every tuition payment valued at RMB 10,000 ($1,500) or above. The companies say they also have enhanced the user experience, offering payment history at a glance, tracking of all payments and “a fully automated refund process.”

Geoswift says Chinese students account for about 25% of all international students. The promotion is available to UnionPay cardholders studying in the US, the UK, Canada, New Zealand, France, Australia, Switzerland,
Singapore, Japan, Czech Republic and Ireland.

Education payment is a feature service of UnionPay cross-border online payment, says Cai Jianbo, CEO of UnionPay.

The company also is expanding its acceptance network in and near renowned schools by promoting products like mobile QuickPass QR code payment.

Geoswift, which is headquartered in Hong Kong, is an acquirer of UnionPay in North America.


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