The agreements include offering of Global HomeCurrencyPay, a multi-currency processing solution powered by Planet Payment, to Global Payments’ base of ISO and merchant customers in the US and Canada.
According to the Global Payments, the Global HomeCurrencyPay will offer value-added services to merchants, allowing their customers the flexibility to process transactions in the cardholders’ home currencies while knowing the exact purchase amounts before the statements arrive.
The signed agreements expand the current relationship between Global Payments and Planet Payment that was entered in November 2007 covering the provision of the Global HomeCurrencyPay service in China, Hong Kong, Macau, Taiwan, Brunei, India, Malaysia, Singapore, Sri Lanka, the Maldives and the Philippines.
Sid Singh vice president Corporate Product for Global Payments said that the Global Payments has been offering Global HomeCurrencyPay to its merchants in Asia Pacific since 2007, with positive market reaction and substantial merchant uptake in the region.
Planet Payment chairman and CEO Philip Beck said the adoption of Planet Payment’s multi-currency processing services has increased dramatically over recent years as more merchants around the world view the services as powerful tools to help improve sales, customer satisfaction, and net profits.
