Global Payments and HSBC Form Strategic Joint Venture in the Asia-Pacific Region

"We are thrilled that HSBC, one of the world's most respected financial institutions, has agreed to partner with Global Payments in the Asia-Pacific region," said Chairman, President, and Chief Executive Officer of Global Payments, Paul R. Garcia. "This region has incredible growth opportunities for credit and debit card payment processing, especially in mainland China and India. This strategic transaction heralds a promising new chapter in our company's history," continued Garcia.

"HSBC is excited about this unique opportunity to join forces with Global Payments," said Michael Smith, President and Chief Executive Officer of The Hongkong and Shanghai Banking Corporation. "The joint venture will have the combined benefit of HSBC's large and extensive footprint in the region as well as Global Payments' technological expertise. We believe this is a powerful combination," added Smith.