Global Payments Launches Multicurrency Service In India

By Global Payments Inc. HSBC Holdings PLC MasterCard Worldwide Visa Inc. February 17, 2009, 2:00 a.m. EST 1 Min Read

IMGCAP(1)]

Processing Content

Global Payments Asia-Pacific said Tuesday it has introduced a service in India that enables merchants to accept payments in Indian rupees or other currencies customers prefer. The firm already has launched its Global HomeCurrencyPay service in China, Malaysia and Taiwan, Global Payments says in a statement. The service accepts payments made with Visa- or MasterCard-branded cards. Global Payments Asia-Pacific is a joint venture between United Kingdom-based HSBC Group and United States-based processor Global Payments Inc.

Global Payments Inc.

HSBC Holdings PLC

MasterCard Worldwide

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

M&A

Banco Santander inks $12.3B deal to buy Webster Financial

The Spanish banking giant, which has been trying to grow its U.S. business, plans to acquire the Connecticut-based parent company of Webster Bank.

By Allissa Kline

10h ago
IPOs

BitGo and PicPay go public in 'uncertain' fintech IPO market

The crypto and payment fintechs both debuted on the stock market in late January with strong openings, then traded down ahead of a four-day partial government shutdown.

By Melinda Huspen

11h ago
Politics and policy

Senators grill UBS execs over Nazi-accounts investigation

At a hearing Tuesday, executives at the Swiss banking giant faced tough questions from both Republicans and Democrats. The lawmakers are unhappy with the bank's recent decision to withhold certain documents from a lawyer who's overseeing research regarding Nazi accounts.

By Kevin Wack

11h ago
Fintech

NY fintech founder Gökçe Güven charged in $7M fraud case

Prosecutors claim the Forbes 30 Under 30 honoree maintained two sets of books to hide Kalder's actual revenue of just $60,000.

By Carter Pape

February 3
Buy now pay later

Affirm shores up exclusive distribution deals ahead of earnings

The buy now, pay later lender is carving out a lane for itself with exclusive deals with Intuit's Quickbooks Payments and Expedia's websites. It also will be the default BNPL provider for Bolt's one-click checkout.

By Joey Pizzolato

February 3
Core systems

Banks say core provider power needs to be checked

Banking trade associations told the Office of the Comptroller of the Currency that regulators should reform rules around third-party risk, saying concentration and limited choice of core service providers places an undue burden on banks.

By Ebrima Santos Sanneh

February 3