Article: United States: HSBC agrees with Global Payments to transfer Merchant Card Processing Services in Philippines for USD 11 Mln.

Byline: yunus05

Hongkong and Shanghai Banking Corp. Ltd (HBC: News, Chart, Quote , HSBA.L) announced an agreement with Global Payments Inc. to transfer the banks merchant card processing services in the Philippines to Global Payments Asia-Pacific Limited.

Global Payments holds a 56% per cent interest and HSBC holds the remaining 44% interest in Global Payments Asia-Pacific Ltd. ...

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