New Service Provides International Cardholders with the
Convenience of Paying in Their Own Currency
MANILA, Philippines, May 13
/PRNewswire-Asia/—Global Payments Asia-Pacific Limited (“Global
Payments”
, a joint venture between the U.S.-based Global Payments
Inc. (NYSE: GPN) and the Hongkong and
Shanghai Banking Corporation Limited (“HSBC”, introduced its Global HomeCurrencyPay™ service to
merchants in the Philippines. Global Payments is the first card
merchant acquirer to launch this dynamic currency conversion
service in the Philippines following the successful rollout in
China, Hong Kong, India, Macau, Malaysia and Taiwan.
(Logo: http://www.prnasia.com/xprn/sa/200803261513.jpg
)
With this innovative new service, Philippine merchants can let
their international customers choose to make payment in either
their card billing currencies or in Philippine Peso using their
Visa® or MasterCard® payment cards. The credit card payment
transactions are converted to the customers’ card billing
currencies at the point of sale, providing them with the
convenience of immediately knowing the payment amount. Global
HomeCurrencyPay offers best in class payment experience including
22 transaction currencies processed in a seamless manner at the
merchants’ point-of-sale terminals.
Commenting on the launch, President—Global Payments Asia
Pacific, Ian Courtnage, said, “Global Payments is dedicated to
providing cutting-edge processing solutions to help merchants
continually improve the payment experience. The extension of the
dynamic currency conversion service to the Philippine market
reflects our commitment to provide outstanding products and
services across all our geographic markets. Merchants in the travel
and hospitality businesses in the Philippines will benefit from the
lower cost of processing overseas card transactions and will be
able to offer enhanced service to their international
customers.”
The dynamic currency conversion service is rapidly gaining
popularity with cardholders across the region, who have
increasingly adopted the option to pay in their home currency when
they travel abroad.
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 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 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: [email protected]
SOURCE Global Payments Asia-Pacific
Limited