Media Relations Contact: Christine Li 852 3529 5853 christine.li@globalpay.com |
For Immediate Release GLOBAL PAYMENTS ASIA-PACIFIC LAUNCHES CHINA UNIONPAY |
Taiwan, 11 December, 2009 – 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 Taiwan. This service allows mainland Chinese tourists to pay for goods and services in Taiwan with their CUP cards at merchants served by Global Payments. Global Payments in Taiwan processes the highest volume of payment transactions by non-Taiwan issued cards. The Taiwan launch 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 and Malaysia. Commenting on the launch, President - Global Payments Asia-Pacific, Ian Courtnage, said, “We are pleased to launch the China UnionPay card acceptance service in Taiwan. We are delighted that we can now bring our regional expertise in processing CUP card transactions into the Taiwanese market and enable our merchants to enhance their service to the growing number of mainland tourists. Our merchants can be assured that Global Payments will always strive to provide the finest payment products and services to meet their growing needs.” ### 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. |