Global Payments has entered into an agreement with Planet Payment to offer Pay in Your Currency service to HSBC's merchants in the People's Republic of China, subject to regulatory clearance in China.
Global Payments said that the service gives the consumer the opportunity to have the payment transaction converted to their selected currency, providing the benefit of immediately knowing the payment amount.
Global Payments anticipates launching the service in China prior to the 2008 Beijing Olympics.
Global Payments, through its local affiliate, will provide consulting and technical services to HSBC as necessary to support the service in China. This agreement expands upon the existing relationship between Global Payments and Planet Payment for Global Payments’ merchants in Malaysia and Taiwan.
Ian Courtnage, managing director of Global Payments Asia-Pacific, said: Our decision to utilize Planet Payment’s service is based on the quality and depth of their product offering, and we look forward to working with their team in the Asia-Pacific region.