APAX Global Payment expanding services to Latin America & Caribbean

Panama City, July 17, 2009 -- After servicing the Latin American and Caribbean market from its London office for several years, on the 1st of July, APAX opened up an office in Panama City to facilitate the huge demand for its credit card processing and electronic payment products from merchants in that area. The Panama office is specialized in offering card processing and electronic payment solutions to merchants selling mostly digital goods online in that region of the world.

APAX CEO Peter Arnold states, "APAX has a worldwide credit card processing network that operates through our processing banks to provide merchants with reliable credit card processing services. We have become one of the most competitive card processing companies in the industry without compromising quality. Our organization is also a leading provider of electronic payment processing services (e.g., checks, EFT) to corporations and fulfillment companies. Within the last five years we have seen a steadily increasing demand for our products especially from online merchants of various industries. Panama and Costa Rica have become a hub for those merchants. It is a logical step for APAX to open an office in that region in order to better service our customers."

APAX Global Payment & Technologies AG is one of the leading international providers of electronic payment and risk management solutions. APAX is dedicated to serving cardholders and their merchants by facilitating payment anywhere and anytime. Worldwide, we support processing for more than 100,000 cardholders and their merchants from various industries a day. APAX provides accounts and credit card services both for business and private customers. For further information, please contact www.e-apax.com .

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Source: Company press release.