21 August 2017
Find out more

Network International and Planet Payment extend relationship

08 May 2017  |  2662 views  |  0 Source: Planet Payment

Network International, the leading payments solution provider in the Middle East and Africa, and Planet Payment, Inc. (NASDAQ:PLPM), a leading international and multi-currency payment processor, today announced the extension of their multi-year agreement, which will mark ten years of partnership.

The Companies also announced that the Pay in Your Currency® product is deployed at over 22,000 merchants in the UAE.

Pay in Your Currency provides Network International merchants with the ability to offer eligible international customers the convenience of paying for their purchases in their own currency. With this personalized payment solution, merchants still receive funding and settlement in UAE Dirham, while allowing them to improve customer service and increase profitability.

Pay in Your Currency is an ideal solution catering to the influx of tourists attracted to the UAE annually. According to the World Travel and Tourism Council, international tourist arrivals in the UAE are forecast to total 30,938,000 by 2026, generating over four billion US Dollars.1

“Network International and Planet Payment have successfully worked together since 2010, and we are pleased to be extending our contract to continue offering Pay in Your Currency in the UAE,” said Simon Haslam, Group CEO of Network International. “We have seen proven success with this solution, and are thrilled that over 22,000 merchants are now live and offering their international customers the choice to pay in their own currency.”

“Planet Payment is happy to extend our long-standing partnership with Network International,” said Carl J. Williams, Chief Executive Officer at Planet Payment. “Pay in Your Currency is an optimal solution for merchants in the UAE, where Network International merchants can offer the increasing number of tourists the opportunity to pay in the currency they know best - their own.”

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.dorsum.euvisit www.abe-eba.euvisit www.niceactimize.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
10530 views comments | 24 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
8794 views comments | 19 tweets | 23 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
8669 views 0 | 3 tweets | 1 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
8466 views comments | 10 tweets | 7 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
8006 views comments | 17 tweets | 16 linkedin