Global Payments Asia-Pacific Introduces 'Global HomeCurrencyPay(TM)' in India
MUMBAI, Feb. 17 /PRNewswire-Asia-AsiaNet/ --
New Service Provides International Cardholders with the Convenience of Paying in
Their Own Currency
Global Payments Asia-Pacific Limited ("Global Payments"), a joint venture
between The Hongkong and Shanghai Banking Corporation Limited ("HSBC") and U.S.-
based Global Payments Inc. (NYSE: GPN), has introduced its Global
HomeCurrencyPay(TM) service to merchants in India, following the successful
launch of this dynamic currency conversion service in China, Malaysia and Taiwan.
The innovative new service allows Indian merchants to give their
international customers the option to make payment in their home currency or in
Indian Rupees using their Visa or MasterCard cards. The credit card payment
transactions are converted to the customers' home currency at the point of sale,
providing them with the convenience of immediately knowing the payment amount.
With Global HomeCurrencyPay(TM), a fast growing data processing service,
merchants can generate incremental revenues when accepting international cards.
Commenting on the launch, President -- Global Payments Asia-Pacific, Ian
Courtnage, said, "Global Payments is focused on providing cutting-edge processing
solutions to our merchants to benefit their customers' payment experience.
Merchants in the travel and hospitality businesses in India will benefit from a
new source of revenue on foreign card transactions and provide enhanced services
to their customers."
Sidharth Singh, Director, Regional Product & Business Development, further
added, "The overall value proposition delivered by Global Payments offers the
best in class experience including 22 transaction currencies processed in an
automated and seamless manner at the merchants' existing point of sale
terminals."
About Global Payments Asia-Pacific Limited
Global Payments Asia-Pacific Limited (Global Payments), currently serving
merchants in 11 countries and territories across Asia, is the largest pan-Asian
card processing company in the region. The company is a strategic joint venture
between Global Payments Inc. (NYSE:GPN), a leading worldwide payment processor
and The Hongkong and Shanghai Banking Corporation Limited. The company brings a
new level of innovation to merchant services in the region with an expanded range
of innovative payment solutions, industry-leading merchant reporting tools, and
unparalleled merchant services. Global Payments has established a strong
presence in the Asia-Pacific region and now operates in 11 countries and
territories, namely, Brunei, China, Hong Kong, India, Macau, Malaysia, the
Maldives, the Philippines, Singapore, Sri Lanka and Taiwan. For more information
asia.com .
This announcement may contain forward-looking statements pursuant to the
"safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995.
These forward looking statements involve risks and uncertainties such as product
demand, market and customer acceptance, the effect of economic conditions,
competition, pricing, development difficulties, foreign currency risks, costs of
capital, continued certification by credit card associations, the ability to
consummate and integrate acquisitions, and other risks detailed in the Company's
SEC filings, including the most recently filed Form 10-Q or Form 10K, as
applicable. The Company undertakes no obligation to revise any of these
statements to reflect future circumstances or the occurrence of unanticipated
events.
Media Relations Contact:
Christine Li
Tel: +852-3529-5853
Email: christine.li@globalpay.com
SOURCE Global Payments Asia-Pacific Limited
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