Financial report context:
asia-pacific acquisition on july 24 , 2006 , we completed the purchase of a fifty-six percent ownership interest in the merchant acquiring business of the hongkong and shanghai banking corporation limited , or hsbc . this business provides card payment processing services to merchants in the asia-pacific region . the business includes hsbc 2019s payment processing operations in the following ten countries and territories : brunei , china , hong kong , india , macau , malaysia , maldives , singapore , sri lanka and taiwan . under the terms of the agreement , we initially paid hsbc $ 67.2 million in cash to acquire our ownership interest . we paid an additional $ 1.4 million under this agreement during fiscal 2007 , for a total purchase price of $ 68.6 million to acquire our ownership interest . in conjunction with this acquisition , we entered into a transition services agreement with hsbc that may be terminated at any time . under this agreement , we expect hsbc will continue to perform payment processing operations and related support services until we integrate these functions into our own operations , which we expect will be completed in 2010 . the operating results of this acquisition are included in our consolidated statements of income from the date of the acquisition . business description we are a leading payment processing and consumer money transfer company . as a high-volume processor of electronic transactions , we enable merchants , multinational corporations , financial institutions , consumers , government agencies and other profit and non-profit business enterprises to facilitate payments to purchase goods and services or further other economic goals . our role is to serve as an intermediary in the exchange of information and funds that must occur between parties so that a payment transaction or money transfer can be completed . we were incorporated in georgia as global payments inc . in september 2000 , and we spun-off from our former parent company on january 31 , 2001 . including our time as part of our former parent company , we have provided transaction processing services since 1967 . we market our products and services throughout the united states , canada , europe and the asia-pacific region . we operate in two business segments , merchant services and money transfer , and we offer various products through these segments . our merchant services segment targets customers in many vertical industries including financial institutions , gaming , government , health care , professional services , restaurants , retail , universities and utilities . our money transfer segment primarily targets immigrants in the united states and europe . see note 10 in the notes to consolidated financial statements for additional segment information and 201citem 1a 2014risk factors 201d for a discussion of risks involved with our international operations . total revenues from our merchant services and money transfer segments , by geography and sales channel , are as follows ( amounts in thousands ) : .

Financial table:
2007: domestic direct; 2006: $ 558026; 2005: $ 481273; column_4: $ 410047
2007: canada; 2006: 224570; 2005: 208126; column_4: 175190
2007: asia-pacific; 2006: 48449; 2005: 2014; column_4: 2014
2007: central and eastern europe; 2006: 51224; 2005: 47114; column_4: 40598
2007: domestic indirect and other; 2006: 46873; 2005: 51987; column_4: 62033
2007: merchant services; 2006: 929142; 2005: 788500; column_4: 687868
2007: domestic; 2006: 115416; 2005: 109067; column_4: 91448
2007: europe; 2006: 16965; 2005: 10489; column_4: 5015
2007: money transfer; 2006: 132381; 2005: 119556; column_4: 96463
2007: total revenues; 2006: $ 1061523; 2005: $ 908056; column_4: $ 784331

Additional report context:
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Question: what percent of total revenues was represented by merchant services in 2007?
Answer: 88%