Global Payments Asia-Pacific finalises JV expansion into the Philippines

Global Payments, a provider of electronic transaction processing solutions and HSBC, a leading financial institution, have announced a joint venture for the Asia-Pacific region. The JV is to provide payment processing services to merchants in the Philippines. According to this venture, $20 million in cash would be paid by Global Payments Asia-Pacific to HSBC.

Managing Director for Global Payments Asia-Pacific, Ian Courtnage said "We intend to continue to execute on our commitment to aggressively grow the payment processing market in the Asia-Pacific region. We would like to welcome the customers and employees of HSBC Philippines and look forward to leveraging our technological expertise to provide advanced products and services in the country."

Source: TransferOrbit Corporation