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Global Payments wins Home Credit Kazakhstan card processing deal

20 July 2007  |  1809 views  |  0 Source: Global Payments

Global Payments (NYSE: GPN), a world leader in electronic transaction processing services, announced today that its Prague-based, wholly-owned subsidiary, Global Payments Europe, s.r.o., has entered into an agreement to provide payment card processing services to another member of Home Credit Group -- Home Credit Kazakhstan.

Global is currently providing payment processing services to Home Credit and its members in the Czech Republic and Russia.

Global Payments Europe will provide authorization and card management system services to seamlessly address Home Credit Group's desire to expand to emerging markets. Additionally, Global Payments Europe will provide Home Credit Kazakhstan with a solution for PIN generation and PIN printing. The agreement extends and enhances the long-term relationship between Global Payments Europe and the companies of Home Credit Group.

"We value our relationship with Home Credit, which has grown significantly over the years. In order to support the continued growth of Home Credit, we have developed a proven solution that can be easily adopted for any new markets Home Credit wishes to enter," said CEO of Global Payments Europe, Petr Sedlacek. "In addition, with the signing of this agreement for services in Kazakhstan, Global Payments Europe is entering a new and dynamically developing region of Central Asia."

"We very much appreciate our cooperation with Global Payments Europe. They have developed a flexible and technologically-advanced solution for our revolving credit card processing requirements, which allowed us to introduce a new, unique product to the Kazakhstani market, the Silver Card Home Credit," said General Manager of Home Credit Kazakhstan, Jiri Badr.

"Home Credit Group companies already serve two million customers with active cards, which puts Home Credit among the leading players in the field of payment cards in the Central and Eastern European region. We regard highly our relationship with Global Payments Europe, which has supported us in our expansion to Kazakhstan and in the preparation of the right platform for this achievement," said Member of the Board of Directors of Home Credit B.V., Ladislav Chvatal. Home Credit B.V. is the holding and management company for the Home Credit Group.

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