TITLE

Many Hurdles for Global Payments' Venture in Asia

AUTHOR(S)
Breitkopf, David
PUB. DATE
July 2006
SOURCE
American Banker;7/31/2006, Vol. 171 Issue 145, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports on the slow expansion into Asia of Global Payments Inc. of Atlanta, Georgia, through a joint venture with Hongkong and Shanghai Banking Corp. Ltd. The joint venture had to pass through a regulatory process in several countries. Revenues will not help Global gain large profits due to financial issues in Asian markets.
ACCESSION #
21745826

 

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