In China , business is going global . Having made commitments at state level to declare its doors open to foreign investment , the country is now making waves across Asia and beyond . Born out of this new attitude in 2007 was Geoswift , which works to exchange money across borders in an increasingly globalised economy . “ We see cross border business is fast growing and more and more people will jump into that sector ,” says Raymond Qu , Founder and CEO at Geoswift , adding that a lot must still be done to cater for increasingly international business and the transactions that go with it . “ You can see some local winners across Europe , China and the US . However , cross-border business is still very new to everyone . It is more complicated than domestic payment systems ,” he explains .