Global Payments completes acquisition of Asia-Pacific joint venture with HSBC

Will remain strategic partners

Global Payments, a worldwide provider of electronic transaction processing solutions, has completed the acquisition of the remaining 44% interest in its merchant services joint venture with HSBC Asia-Pacific (view press release). The joint venture, named Global Payments Asia-Pacific Limited in 2006, acts as a payments processor for merchants in the region.

According to the agreement, Global Payments will pay HSBC USD242m. In addition it will remain as HSBC’s preferred strategic partner for card acquiring services in Asia-Pacific, covering eleven markets.  

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