Multi-currency payment processor Planet Payment is provide its 'Pay in Your Currency' service to Citibank's portfolio of merchants in Hong Kong and Macau.
Pay in Your Currency can offer customers the ability of paying in their home currency at the point-of-sale. They are then presented with a receipt or terminal device which displays the transaction amount in the merchant's local currency (Hong Kong dollars or Macau Pataca) and their home currency, together with the exchange rate and other service details.
"With Pay in Your Currency, international travellers can enjoy a more comfortable shopping experience by knowing how much the payment is in their home currency at the point of sale," Planet Payment said in a statement on Monday.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Planet Payment's General Manager for Greater China, Raymond Chuan Fong Tang, said: "The adoption of Planet Payment's multi-currency processing services has increased significantly over recent years as more merchants around the world view our services as powerful tools to help improve sales and customer satisfaction."
"We are excited to continue to expand the offering of Pay in Your Currency in Hong Kong and Macau through our new partnership with Citibank," he said.
Shares were up 2.8% at 257p in early trading.
BC
-
Who is the richest person in the world?The top five richest people in the world have a combined net worth of $825 billion. Who takes the crown for the richest person in the world?
-
Top 10 stocks with highest growth over past decade - from Nvidia, Microsoft to Netflix, which companies made you the most money?
We reveal the 10 global companies with the biggest returns since 2013. One firm has posted an astonishing 9,870% return, meaning a £1,000 investment would now be worth almost £82,000.
