GlobalCollect — a payment service provider that is a part of the Ingenico Group — recently inked a partnership with payments technology provider First Data.
According to a joint press statement dated 9 December 2014, First Data Merchant Solutions will support GlobalCollect's growth in online travel, hospitality and retail operations in Asia. First Data Merchant Solutions is the company's direct-to-market merchant acquiring business with a strong presence in the Asia Pacific (APAC) region, especially Singapore, Hong Kong and Malaysia.
The collaboration will provide GlobalCollect's merchant customers with access to First Data Merchant Solutions' regional payment network, enabling fast and secure transactions throughout Asia, said Marc Mathenz, First Data's senior vice president and head of APAC.
GlobalCollect's general manager for APAC, Mark Patrick, added that the strategic alliance will also enhance their merchant customers' opportunities to grow their business in APAC, which is one of the fastest growing markets for e-commerce revenues.
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