Planet Payment Inc. has entered a multi-year extension for its agreement to provide multi-currency payment processing services for Network International LLC.
Network International operates as the largest acquirer in the Middle East and North Africa, and is the preferred payment card software provider in the United Arab Emirates, New York-based Planet Payment says in a Nov. 11 announcement.
Network International has been offering Planet Payment's Pay in Your Currency service in the UAE since 2010.
Pay in Your Currency allows international travelers to pay for shopping and lodging in their home currency, while simultaneously providing the merchant with an opportunity to reduce the processing costs incurred on these transactions, Planet Payment states in the release.
The extension agreement is a testament to the strength of our product offering and commitment to service, says Jonathan Ellis, managing director of EMEA and the U.K. at Planet Payment, in the release.
Planet Payments Pay in Your Currency software allows merchants to enhance customer service and increase the profitability of their business, Ellis says.
In April, processor Total Systems Services Inc. began offering Pay in Your Currency through a partnership with Planet Payment.
In June, Planet Payment partnered with processor Vantiv to provide Pay in Your Currency at 85 Billabong locations in the U.S.
Planet Payment provides processing services in more than 20 countries and territories across the Asia Pacific region, North America, the Middle East, Africa and Europe. It operates its point of sale, ATM and e-commerce services through more than 60 acquiring banks and processors.
In addition to New York, Planet Payment has offices in Atlanta, Beijing, Bermuda, Delaware, Dubai, Dublin, London, Hong Kong, Mexico City, Shanghai and Singapore.