New Service Provides International Cardholders with the Convenience of Paying in Their Own Currency
MUMBAI, India, Feb. 17 /PRNewswire-Asia/ -- 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.
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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 about the company and its services, please visit http://www.globalpayments-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
