Allowing merchants to capture mainland Chinese tourists'
spending
HK, SINGAPORE, PHILIPPINES, SRI LANKA, MALDIVES & BRUNEI, May
6/PRNewswire-Asia-AsiaNet/-- 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"), has launched China UnionPay ("CUP")
card acceptance service in Brunei, the Maldives, the Philippines,
Singapore and Sri Lanka. This service allows mainland Chinese
tourists to pay for goods and services with their CUP cards at
merchants served by Global Payments. The extension of the CUP
service to those five markets marks another major milestone for
Global Payments' CUP card acceptance programme, which was started 6
years ago in Hong Kong and has since grown successfully into Macau,
Malaysia and Taiwan.
(Logo: http://www.prnasia.com/xprn/sa/200803261513.jpg
)
With more than 2.1 billion CUP cards in circulation and the rising
number of Mainland Chinese travelling around Asia, the new service
empowers Global Payments merchants in Brunei, the Maldives, the
Philippines, Singapore and Sri Lanka to capture the rising spending
trends of the mainland Chinese visitors, who presently pay mostly
with cash. Merchants can simply add the CUP card acceptance
functionality to their Global Payments' point-of-sale terminals
through a simple and free programming of the terminals.
Commenting on the launch, President - Global Payments Asia Pacific,
Mr. Ian Courtnage, said, "Global Payments is the largest regional
card merchant acquirer of China UnionPay by merchant base and we
are proud to extend our regional expertise in processing CUP card
transactions to more markets across Asia Pacific. China is
contributing significantly to outbound tourism in many Asian
destinations and our merchants in those markets can now welcome
more mainland Chinese tourists to their establishments by accepting
CUP card payments. CUP acquiring adds to our broad range of card
types that we already support and this new service enhances Global
Payments' one-stop-shop card processing strategy for
merchants."
"We have a recognized partner in Global Payments with a reputation
for providing high quality and innovative payment processing
services. We are delighted to expand the acceptance of CUP cards to
more Asian markets through Global Payments' extensive distribution
network across Asia Pacific. This further expands our strategic
relationship with Global Payments and the new service will offer
added payment convenience for the growing number of Mainland
Chinese travelers, " said Mr. Cai Jianbo, Executive Vice President
of CUP.
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, Mainland 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 .
About China UnionPay
China UnionPay, established in 2002, is the national bankcard
association in China. As the pivotal role of China's bankcard
industry, China UnionPay is responsible for operating unified
inter-bank clearing and settlement system in China and developing
the international acceptance network for CUP cards. To date, the
total number of CUP cards issued worldwide has exceeded 2.1
billion. As of now, CUP card international acceptance network has
been extended to 90 countries and regions. Amongst these markets,
over 10 of them, including Japan, Korea, Singapore, Russia,
Mongolia, etc., have issued CUP cards. For more information about
the company and its services, please visit
http://www.chinaunionpay.com .
Media Relations Contact:
Christine Li
Tel: +852-3529-5853
Email: [email protected]
SOURCE Global Payments Asia-Pacific Limited