Global Payments Inc. hopes to begin processing payment card transactions in China's currency this summer, after getting approvals from China UnionPay and the People's Bank of China.

The Atlanta processor said last week that it plans to initially acquire transactions made in Beijing; other Chinese cities are expected to follow. No other Western processor handles renminbi transactions in mainland China, Paul R. Garcia, Global Payments' chairman and chief executive, told analysts during a conference call to discuss its third-quarter results.

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