Planet Payment, a leading international
multi-currency payment and data processor, has announced an agreement
with The Bank of East Asia (“BEA”) to introduce Planet Payment’s “Pay in
Your Currency” service in Hong Kong. Planet Payment anticipates
launching the service in 2008.
The Pay in Your Currency service provides customers using Visa or
MasterCard payment cards denominated in most major currencies with a
real-time choice of currencies in which to complete their purchases.
Tourists and business travellers will enjoy the comfort of knowing how
much they are paying in their home currency, and they no longer need to
wait until they return home to discover what their transactions actually
cost in their home currency. The service provides merchants with a
powerful marketing tool that can be used to attract more customers and
drive sales by providing superior customer service and a more
personalized shopping experience.
Incorporated in Hong Kong in 1918, BEA provides comprehensive retail and
commercial banking services to customers in Hong Kong, Greater China,
and overseas. BEA is the largest independent local bank in Hong Kong and
one of the first foreign banks to be authorized to operate in Mainland
Commenting on the agreement, Philip Beck, Chairman and Chief Executive
of Planet Payment, said:
“Planet Payment is delighted to be offering our Pay in Your Currency
Service with BEA in Hong Kong, We are very excited about this
opportunity and look forward to working with BEA over the months and