NEW YORK (TheStreet) -- Global Payments (GPN) - Get Report stock is up by 4.53% to $62.81 in mid-afternoon trading on Tuesday, after the company announced that users of its service could accept Samsung (SSNLF) Pay transactions in China.
Global Payments announced on Tuesday that the company's customers in China could begin using Samsung's mobile payment platform.
Last month, Global Payments announced that its customers could use Apple's (AAPL) "Apple Pay" platform in China.
"Global Payments is delighted to bring innovative commerce to merchants in China by supporting Samsung Pay," Frank Young, senior VP of Global Payment's global product and innovation division, said in a statement. "Our continued commitment to leading payments technology across the globe allows us to offer another form of mobile payment acceptance to the broadest set of merchants."
Based in Atlanta, Global Payments provides payment technology services to merchants and customers.
Separately, recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rates this stock as a "buy" with a ratings score of A-. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, notable return on equity and solid stock price performance. We feel its strengths outweigh the fact that the company shows weak operating cash flow.
You can view the full analysis from the report here: GPN