Global Payments and Planet Payment to launch 'Pay in Your Currency' Service in Asia Pacific

Travel News Asia Latest Travel News Monday, 5 November 2007

Global Payments, a leading provider of electronic transaction processing services has entered into an agreement with Planet Payment, a leading international multi-currency payment and data processor, to provide Planet Payment's Pay in Your Currency service to Global Payments' merchants in the Asia Pacific region. The service will initially be offered in Malaysia and Taiwan and is anticipated to be launched prior to the end of 2007, subject to regulatory approvals in Taiwan. The service gives the consumer the opportunity to have the payment transaction converted to their selected currency, providing the benefit of immediately knowing the payment amount.

Through its joint venture with HSBC, Global Payments has established a leading position in the Asia Pacific region where it now operates in ten countries and territories. Commenting on the agreements, Global Payments' President, Worldwide Payment Processing, Carl Williams, said, "Global Payments is focused on providing cutting-edge processing solutions to our merchants to benefit their customer's payment experience. We view the addition of Planet Payment's Pay in Your Currency solution to our product set as another example of our commitment to product excellence. Our decision to utilize Planet Payment's service is based on the quality and depth of their product offering, and we look forward to working with their team in the Asia Pacific region."

 Global Payments, Chairman and Chief Executive of Planet Payment, Philip Beck, said, "We are  pleased to be working with Global Payments to introduce our Pay in Your Currency service to Global Payments' Asia Pacific merchant portfolio. The service allows merchants to market and sell more effectively, while providing their customers with the information to make better and more informed buying decisions. This agreement is another example of the growing market adoption for this service, as both merchants and cardholders alike gain awareness of its benefits."

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