Media Relations Contact: Christine Li 852 3529 5853 christine.li@globalpay.com |
For Immediate Release GLOBAL PAYMENTS ASIA-PACIFIC INTRODUCES |
India, 17 Feb, 2009 – 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™ service to merchants in India, following the successful launch of this dynamic currency conversion service in China, Malaysia and Taiwan. 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™, 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 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. |