SINGAPORE/AMSTERDAM | First Data and GlobalCollect - part of Ingenico Group - extend their strategic alliance that will help customers expand into Asia’s rapidly growing eCommerce markets of Singapore, Malaysia and Hong Kong.
First Data Merchant Solutions
First Data Merchant Solutions - First Data’s direct-to-market merchant acquiring business - which already has a strong presence in Asia Pacific, will support GlobalCollect’s growth in online travel, hospitality and retail operations into Asia, one of the world’s fastest growing markets for eCommerce revenues.
eCommerce booming in South-East Asia
Singapore and Malaysia represent the largest eCommerce industries of South East Asia, generating almost 50 per cent of total online retail sales in the region, despite these two countries accounting for only 8 per cent of the South East Asian population. eCommerce volume in Singapore alone is expected to reach $4.4 billion by 2015.
“This deal broadens an already global partnership between GlobalCollect and First Data that goes back eight years, and further strengthens GlobalCollect’s capabilities in South East Asia.
We’re seeing a lot of demand for full service acquiring and processing capabilities in Asia Pacific, and with First Data Merchant Solutions’ strong position in Singapore, Hong Kong and Malaysia, we will further enhance our customers’ opportunities to grow into this exciting region”, says Mark Patrick, General Manager Asia Pacific for GlobalCollect.
About First Data
First Data is a global technology leader in the financial services industry. With 24,000 employee-owners and operations in 35 countries, the company provides secure and innovative payment technology and services to more than six million merchants and financial institutions around the world, from small businesses to the world’s largest corporations. Today, businesses in nearly 70 countries trust First Data to secure and process more than 2,000 financial transactions per second, totaling $1.8 trillion a year.
GlobalCollect is processing international eCommerce payments for more than 600 of the world’s most recognised eCommerce brands in the digital goods and services, travel, retail and video gaming industries, among many others. GlobalCollect is a 100% subsidiary of Ingenico Group, global leader in seamless payment. Headquartered in Amsterdam, GlobalCollect has regional offices in North America, Asia Pacific, South America and the EU focused on bringing local presence with global reach and services to our clients.
Sourced from Press Release GlobalCollect, December 10th, 2014