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Global Payments Launches Mobile Payment Processing Solution for Merchants in Asia-Pacific

2008-11-06 18:22

Pioneering Card Acceptance without Boundaries

HONG KONG, Nov. 5 /Xinhua-PRNewswire/ -- 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 a secure GPRS-powered mobile payment service called Global MobilePay(TM) that provides mobile card acceptance capabilities for merchants in the Asia-Pacific region. Global Payments is one of the first payment processors to launch an extensive mobile payment solution for merchants across Asia. This service is now available in Brunei, China, Hong Kong, India, Malaysia, the Maldives, the Philippines, Singapore, Sri Lanka and Taiwan.

(Logo: http://www.prnasia.com/sa/200803261513.jpg )

Global MobilePay is a sophisticated card acceptance solution that uses GPRS wireless communication network for merchants that need to accept card payments beyond fixed locations or when traditional land line communication does not meet business needs. Merchants can now conduct face-to-face transactions anytime and anywhere. Through Global MobilePay, Global Payments now provides a comprehensive package that includes a mobile payment terminal, SIM card and GPRS network connectivity through a telecommunications partner, as well as payment processing services.

This new offering from Global Payments is ideal for merchants who need to accept card payments away from a retail countertop, such as cash-based delivery service providers or trade show exhibitors. With Global MobilePay, mobile merchants can now accept electronic payments to improve customer service and reduce the cost of handling cash significantly. For merchants in hospitality industries, Global MobilePay can help enhance customer payment experience. Hotels can use this payment solution to offer in-room check in and check out services, while restaurants can provide payment at table services to bring more convenience to patrons.

"Global Payments has always been trusted with superior payment processing, and now with Global MobilePay our merchants are empowered with the

best-in-class solution to accept card payments virtually anywhere," said Ian Courtnage, Managing Director for Global Payments Asia-Pacific.

Global Payments Inc. (NYSE:GPN) is a leading provider of electronic transaction processing services for consumers, merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and

multi-national corporations located throughout the United States, Canada, Latin America, Europe, the United Kingdom, and the Asia-Pacific region. Global Payments offers a comprehensive line of processing solutions for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery including electronic check services, as well as terminal management. The company also provides consumer money transfer services from the United States and Europe to destinations in Latin America, Morocco, and the Philippines. For more information about the company and its services, visit http://www.globalpaymentsinc.com .

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 partnership between Global Payments Inc. (NYSE:GPN), a leading worldwide payment processor and HSBC. 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, Maldives, Malaysia, 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 by Global Payments’ may contain certain forward-looking statements within the meaning of the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including revenue and earnings estimates and management’s expectations regarding future events and developments, are forward-looking statements and are subject to significant risks and uncertainties. Important factors that may cause actual events or results to differ materially from those anticipated by such forward-looking statements include the following: continued certification by credit card associations, foreign currency risks, competition and pricing, product demand, market and customer acceptance, development difficulties, the effect of economic conditions and consumer spending, security breaches or systems failures, costs of capital, changes in state, federal or foreign laws and increases in credit card association fees, utility or system interruptions, 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 10-K, 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 Inc.

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