Aug 7, 2008
Story Timeline: 61 days
Firm is confident of maintaining its dominance with HSBC joint venture KUALA LUMPUR: Global Payments Asia-Pacific Ltd, a joint venture between The Hong Kong and Shanghai Banking Corp Ltd (HSBC) and US-based Global Payments Inc, is confident of maintaining its dominance in the regional card processing business despite stiff competition from banks. Head of sales (Malaysia and Brunei) Justin Teo credited this to the company's strong sales team, merchant network, product innovation, and information technology systems and processes. Without going into details, he said its sales team in Malaysia, for example, had more than tripled in size in the last two years and this growth momentum was expected to continue moving forward. “We have operations in 10 countries and Malaysia is one of the top five in terms of credit card sales...
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