Planet Payment and PT Bank Central Asia (BCA) have launched a service that allows consumers to make international payments in their own currency.
BCA will offer Planet Payment's Pay in Your Currency to the bank's merchant portfolio in Indonesia. At the point of sale, consumers are handed a receipt that shows the transaction amount in Indonesian Rupiah and their home currency, along with the exchange rate and other service details. The consumer then selects a currency.
The product is designed to give travelers more certainty over the value of their transactions, while reducing processing costs for international payments. Planet Payment also offers its service in the Middle East and has partnerships with TSYS and Vantiv.
Indonesia relies heavily in tourismclose to 9 million people are expected to visit the country this year, according to its tourism website.