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Global Payments Inc., an Atlanta-based payments processor, said Wednesday it will provide processing services to merchants in the Philippines under an expansion of the its joint venture with United Kingdom-based financial institution HSBC. The deal calls for HSBC to refer "new merchant customers exclusively to the joint venture for payment-processing services," Global Payments says in a statement. HSBC has a merchant-acquiring business in the Philippines valued at about US$20 million (12.8 million euros), Global Payments says.

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