ATLANTA — Global Payments Inc., an electronic payments processor, announced in a news release that MUZO, the company's Prague-based subsidiary, opened a new office in Moscow to increase and expand its activities in the developing Russian financial market. MUZO serves financial institutions with a comprehensive package of payment services including credit and debit card transaction processing, installation and servicing of ATM and POS terminals, as well as card-issuing services.
MUZO's proprietary platform also is compliant with the international EMV standards for chip-based payment cards. MUZO now expects to offer and provide a full range of processing services to Russian and other international FIs through its Moscow office.
"The growth potential of the Russian financial market is substantial, and I am excited that we are part of that opportunity," said Stanislav Coufal, who will lead the new Russian operations. "Establishing a physical presence in the Russian market is an absolute necessity for the expansion of our client portfolio and will provide us with a significant competitive advantage."
