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Hot Stock GHL Systems jumps 4.44% on Philippines tie-up
by Cals Tue 12 Jul 2016, 20:47
- Hot Stock
[size=28]GHL Systems jumps 4.44% on Philippines tie-up
By Surin Murugiah / theedgemarkets.com | July 12, 2016 : 9:45 AM MYTKUALA LUMPUR (July 12): Shares of payment service provider GHL Systems Bhd jumped 4.44% after the company teamed up with a leading bank in the Philippines, Rizal Commercial Banking Corp (RCBC), to provide e-payment services to merchants in the Philippines for credit card transactions.
At 9.25am, GHL Systems rose 4 sen to 94 sen with 524,300 shares done.
GHL Systems said in a statement that its wholly-owned subsidiary GHL Systems Philippines Inc (GHL Philippines) has signed an agreement to provide transaction payment acquisition services to RCBC through its servicing entity, RCBC Bankard Services Corp.
This new service will enable GHL Philippines to directly contract with merchants to provide credit card payment services with RCBC acting as the underlying bank that will obtain authorisation for the credit card transactions.
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