Global Payments Inc., a provider of electronic transaction processing solutions, announced it has agreed to form a joint venture with HSBC Bank plc to provide payment processing services to merchants in the United Kingdom and Internet merchants globally. The new company will operate under the name HSBC Merchant Services. The big question is whether […]
HSBC said on Friday, July 27, it had sold its 19 percent stake in iBusinessCorporation.com Holdings Ltd to Cheung Kong (Holdings) Ltd for HK$6.98 million ($895,000). iBC.com is a joint venture company established by four parties in early 2000 to facilite e-commerce on the Internet.
“This won’t be the last sale for HSBC” said […]
KUALA LUMPUR: HSBC Insurance (Asia Pacific) Holdings Ltd expects its joint-venture with Jerneh Asia Bhd and the Employees Provident Fund (EPF) as a takaful operator to be profitable in three to five years.
Zarir J Cama
“The prospects are huge, given the scope and potential of the local insurance market, which is, by many accounts, still […]
Mumbai September 10, 2005 - The UK-based Hongkong and Shanghai Banking Corporation (HSBC) has signed an agreement with US-based Global Payments Inc to form a joint venture for credit card merchant acquiring businesses in Asia, including India. HSBC will transfer its existing credit card merchant acquiring businesses in 10 Asian countries to a new […]
With the HSBC purchase of M&S Money, legal experts fear a ‘cosy duopoly’ has emerged in the store card market. As a result of the deal, HSBC and GE Consumer Finance will control more than 90 per cent of the store card market between them. GECF provides cards for retailers such as Bhs, Laura Ashley […]
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