Geoswift to Expand Acceptance Globally for Discover Global Network

RIVERWOODS, Ill. & HONG KONG–(BUSINESS WIRE)–Geoswift, a leading provider of cross-border payment solutions between
China and the rest of the world, has partnered with Discover Global
Network, the payments brand of Discover, allowing Geoswift’s merchants
to accept more methods of payment than ever before. Geoswift merchants
will now have the ability to accept Discover, Diners Club International
and affiliate network card payments.

Whether customers wish to shop online or in brick and mortar stores or
pay for travel expenses, this new relationship with Discover is another
step forward for Geoswift’s mission of providing the best cross-border
frictionless payment solutions.

“Geoswift specializes in cross-border payments in and out of China, and
by becoming an acquirer of Discover Global Network cards, our clients
will benefit from the acceptance of these new cards,” said Raymond Qu,
founder and CEO of Geoswift. “This relationship is another innovative
way that Geoswift is helping to make cross-border funds travel even
faster, cheaper, smarter and safer.”

“Partnering with leading companies like Geoswift is part of Discover’s
strategy to continue growing our global acceptance and providing our
customers with more places to use their cards,” said Amy Parsons, senior
vice president of global acceptance at Discover.

Discover Global Network has more than 44 million merchant acceptance
locations and 2 million ATM and cash access locations around the world.
Discover Global Network includes Discover, Diners Club International,
PULSE and affiliated networks.

About Geoswift

Geoswift is an innovative payment technology company connecting China
and the rest of the world. The company comprises the world’s leading
payment technology experts who have a deep understanding of the finance
industry, technology, and global and China monetary policies. Geoswift
customises one-stop, cross-border payment solutions to and from China to
achieve growth for its clients, which include the world’s leading
e-commerce companies, prestigious universities, and some of the largest
brands in the travel industry.

Geoswift is an acquirer of UnionPay International in North America, and
a long-term partner of many other leading financial institutions. It
also runs a number of currency exchange stores throughout China.

Geoswift is headquartered in Hong Kong with teams spread across Beijing,
Shanghai, Shenzhen, Singapore, London, Vancouver, Seattle and San
Francisco for strategic and regulatory functions. For more information,
please visit www.geoswift.com
or send your queries to info@geoswift.com

About Discover

Discover Financial Services (NYSE: DFS) is a direct banking and payment
services company with one of the most recognized brands in U.S.
financial services. Since its inception in 1986, the company has become
one of the largest card issuers in the United States. The company issues
the Discover card, America’s cash rewards pioneer, and offers private
student loans, personal loans, home equity loans, checking and savings
accounts and certificates of deposit through its direct banking
business. It operates the Discover Global Network comprised of Discover
Network, with millions of merchant and cash access locations; PULSE, one
of the nation’s leading ATM/debit networks; and Diners Club
International, a global payments network with acceptance around the
world. For more information, visit www.discover.com/company.

Contacts

Media Contacts
Jessica Au
Geoswift
+852-2312-2168
marketing@geoswift.com

Sarah
Grage Silberman
Discover/Diners Club International
+1-224-405-6029
sarahgragesilberman@discover.com
@Discover_News

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