PT Bank Central Asia and Planet Payment Launch Pay in Your Currency(R) in Indonesia
12 Dezember 2013 - 12:00AM
PT Bank Central Asia Tbk (IDX:BBCA), one of the leading commercial
banks in Indonesia, and Planet Payment, Inc. (Nasdaq:PLPM)
(LSE:PPT), a leading international and multi-currency payment
processor, today announced the launch of Planet Payment's Pay in
Your Currency® service to BCA's portfolio of merchants across
Indonesia.
Pay in Your Currency can offer significant benefits to BCA's
merchants and their customers. With Pay in Your Currency, eligible
customers are offered the convenience of paying in their home
currency at the point-of-sale. The customers are handed a receipt
which shows the transaction amounts in Indonesian Rupiah and their
home currency, together with the exchange rate and other service
details. The customer then makes their currency choice on the
receipt. With Pay in Your Currency, international travelers can
enjoy a more comfortable shopping 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.
Tourism is an important component of the Indonesian economy and
the levels of inbound international travel have been steadily
increasing over the past several years. In 2010, a total of 7
million international travelers visited Indonesia, increasing 9% in
2011 to 7.65 million visitors (Indonesia Central Statistics
Bureau). In 2012, 8 million international travelers visited
Indonesia and the upward trend is expected to continue in 2013 to a
projected 8.5 to 9 million visitors (Travel Daily News, 4 January
2013). Pay in Your Currency allows BCA's merchants to provide
enhanced customer service to this important customer segment.
"Many of our merchants, including those in the hospitality,
restaurant and retail sectors, count on international customers for
a significant portion of their business," said Santoso, Senior
General Manager of BCA. "We believe that Pay in Your Currency is an
important addition to our suite of products and will allow our
merchants to better serve their international clientele by
delivering a more comfortable and convenient shopping
experience."
"Planet Payment is excited to partner with BCA to deliver our
Pay in Your Currency solution to the dynamic Indonesian market,"
said Philip Beck, Chairman and CEO of Planet Payment. "Our goal is
to provide solutions that transform credit card processing into a
tool to drive sales and improve operational efficiencies and we
look forward to working with BCA to rollout Pay in Your Currency to
BCA's merchant portfolio."
About PT Bank Central Asia Tbk (as at 30th June
2013)
BCA is one of the leading commercial banks in Indonesia with a
core focus on transaction banking business and providing loan
facilities and solutions to the consumer, SME, commercial and
corporate segments. By the end of June 2013, BCA had the privilege
of providing services to more than 12 million customer accounts
through its extensive network of 1,028 branches, 12,429 ATMs and
hundreds of thousands of EDCs interlinked with its internet &
mobile banking services.
About Planet Payment
Planet Payment is a leading provider of international payment
and transaction processing and multi-currency processing services.
We provide our services in 22 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. For up-to-date information follow Planet Payment on
Twitter at @PlanetPayment or join Planet Payment's Facebook
page.
CONTACT: Media Contacts
Planet Payment
Contact: Joel Mayer
Telephone: +1.516.670.3200
Email: jmayer@planetpayment.com
www.planetpayment.com
Redleaf Polhill (UK PR for Planet Payment)
Contacts: Emma Kane / Rebecca Sanders-Hewett / David Ison
Telephone: +44.20.7382.4730
Email: planet@redleafpr.com
ICR (US IR for Planet Payment)
Contacts: Don Duffy / Dara Dierks
Telephone: +1.646.277.1212
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