Global Payments Europe Expands to Kazakhstan With Home Credit

ATLANTA and PRAGUE, Czech Republic, July 20 /PRNewswire-FirstCall/ -- Global Payments Inc. , 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.

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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.

Based in Prague with offices in Moscow, Kiev, Warsaw, Bratislava, and Sarajevo, Global Payments Europe, s.r.o. serves financial institutions with a comprehensive package of indirect payment services including credit and debit card transaction processing, installation and servicing of ATM and POS terminals, as well as card issuing services such as card database management and card personalization. The company also provides m-Commerce and e-Commerce services as well as credit bureau processing services. Global Payments Europe's proprietary platform was among the first in the European market to be compliant with the international EMV standards for chip-based payment cards.

Global Payments Inc. is a leading provider of electronic transaction processing services for consumers, merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi- national corporations located throughout the United States, Canada, Latin America, Europe and the Asia-Pacific region. For more information about the company and its services, visit http://www.globalpaymentsinc.com/.

This announcement may contain forward-looking statements pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward looking statements involve risks and uncertainties such as product demand, market and customer acceptance, the effect of economic conditions, competition, pricing, development difficulties, foreign currency risks, costs of capital, continued certification by credit card associations, the ability to consummate and integrate acquisitions, and other risks detailed in the Company's SEC filings, including the most recently filed Form 10-Q or Form 10-K, as applicable. The Company undertakes no obligation to revise any of these statements to reflect future circumstances or the occurrence of unanticipated events.

About Home Credit Kazakhstan

Home Credit Kazakhstan is a member of the Home Credit Group. The companies of the Home Credit Group have been operating in the Central and Eastern European as well as the Central Asian consumer finance markets and had granted loans in the combined principal of USD 2.7 billion as of year end 2006. Home Credit maintains a leading position in the consumer finance markets of the Czech Republic (entered in 1997), the Slovak Republic (1999), the Russian Federation (2002) and the Republic of Kazakhstan (since December of 2005). Home Credit Group also entered the Ukrainian and Belarusian market in 2006. The Home Credit Group belongs to the PPF international group of companies which has interests in insurance and consumer finance, and provides complex asset management services.

For more information, contact: Phyllis McNeill Global Payments Inc. (770) 829-8245 phyllis.mcneill@globalpay.com