Planet Payment Announces Network International Contract Extension
11 November 2013 - 3:02PM
Planet Payment, Inc. (Nasdaq:PLPM) (LSE:AIM: PPT), a leading
provider of international payment and transaction processing and
multi-currency processing services, today announced a multi-year
contract extension with Network International, LLC, the largest
acquirer in the Middle East and North Africa and the preferred card
solutions provider in the United Arab Emirates.
Network International has been offering Planet Payment's Pay in
Your Currency® Service in the UAE since 2010. With Pay in Your
Currency, international customers can enjoy a more comfortable
shopping and lodging experience by knowing what they are paying in
their home currency, while simultaneously providing the merchant
with an opportunity to reduce the processing costs incurred on
these transactions. The solution is designed to facilitate
international commerce and provide merchants with innovative ways
to sell more products and services and drive customer
satisfaction.
Jonathan Ellis, Managing Director of EMEA and the UK at
Planet Payment said: "We believe that the extension of our
agreement with Network International is a testament to the strength
of our product offering and commitment to service excellence. Our
solutions allow merchants to provide an enhanced customer service
and increase the profitability of their business and we look
forward to continuing to work with Network International to deliver
Pay in Your Currency to the dynamic UAE market."
About Planet Payment
Planet Payment is a leading provider of international payment
processing and multi-currency processing services. We provide our
services in more than 20 countries and territories across the Asia
Pacific region, North America, the Middle East, Africa and Europe,
primarily through our more than 60 acquiring bank and processor
customers. Our point-of-sale and e-commerce services help merchants
sell more goods and services to consumers, and together with our
ATM services are integrated within the payment card transaction
flow enabling our acquiring customers, their merchants and
consumers to shop, pay, transact and reconcile payment transactions
in multiple currencies, geographies and channels.
Planet Payment is headquartered in New York and has offices in
Atlanta, Beijing, Bermuda, Delaware, Dubai, Dublin, London, Hong
Kong, Mexico City, Shanghai and Singapore. Visit
www.planetpayment.com for more information about the Company and
its services.
CONTACT: Media Contacts
Planet Payment
Contact: Joel Mayer
Telephone: +1 516.670.3200
email: jmayer@planetpayment.com
www.PlanetPayment.com
UK PR for Planet Payment
Redleaf Polhill
Contact: Emma Kane/ Rebecca Sanders-Hewett/ David Ison
Telephone: + 44.20.7382.4730
email: Planet@RedleafPR.com
US IR for Planet Payment
ICR
Contact: Don Duffy / Dara Dierks
Telephone: +1 646.277.1212
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