KUALA LUMPUR, Feb 28 (Bernama) - Payment solution enabler GHL Systems Bhd plans to expand its presence in China by opening new offices in eight cities this year, its group managing director Tay Beng Lock said Wednesday.
Currently, the company has an office in Beijing and a small research and development facility in Wuhan, he said.
Besides China, the company has offices in Thailand, the Philippines and Singapore.
Speaking to reporters after the prize-giving ceremony of the company's "Pay & Win" contest here today, Tay said GHL Systems expects its overseas business to contribute 50 percent to total turnover by 2009.
Its overseas business contributed 17.8 percent to the company's turnover last year and 10.8 percent in 2005, he said.
On the company's expansion plans in China, Tay said GHL Systems would tie up with a local bank in China to further expand its business there.
GHL Systems is an end-to-end payment services enabler in the Asia Pacific which provides payment infrastructure, services and technology.
Its portfolio of payment solutions includes transaction routers and concentrators, terminal line encryption, technologies, loyalty and online payment solutions, smartcard technologies, secure electronic draft capture networks and terminals to consulting services.
On the "Pay & Win" contest which was held during a three-year period from 2004, Tay said the contest was aimed at encouraging adoption of the bankcard e-debit payment method by rewarding both merchants and consumers.
"Over the past three years during the contest, 2006 saw the greatest impact as consumers and merchants alike discovered the convenience of bankcard e-debit payments," he said.
Moving forward, Tay said GHL Systems would focus more on adding value-added applications to the e-debit terminals before beginning the next phase of promotional activities.
"We will place more emphasis on product and feature enhancement of the e-debit terminals, including adding more applications and uses for end-users' benefits. In the pipeline are plans to offer ticketing services to customers - be it for public transport or even entertainment-related," he said.
