Network International and Planet Payment Announce Multi-Year Contract Extension, Merchant Milestone

Network International, the leading payments solution provider in the Middle East and Africa, and World Repayment, Inc. (NASDAQ: PLPM), a prominent global and multi-currency settlement processor, today introduced the extension of their multi-year arrangement, which will certainly mark 10 years of partnership. The Business also introduced that the Pay in Your Currency item is released at over 22,000 merchants in the UAE.

Pay in Your Money provides Network International sellers with the capacity to use qualified worldwide customers the convenience of paying for their purchases in their own currency. With this individualized repayment remedy, sellers still get financing and negotiation in UAE Dirham, while enabling them to boost customer care and rise profitability.

Pay in Your Currency is an ideal solution accommodating the increase of visitors drew in to the UAE annually. According to the World Travel and Tourism Council, global tourist arrivals in the UAE are forecast to complete 30,938,000 by 2026, producing over four billion United States Dollars.1.

" Network International and Planet Payment have effectively worked together considering that 2010, and we are pleased to be expanding our contract to continue offering Pay in Your Currency in the UAE," stated Simon Haslam, Group CEO of Network International. "We have seen tried and tested success with this option, and are delighted that over 22,000 sellers are now real-time and offering their international customers the selection to pay in their very own money.".

" Planet Payment enjoys to expand our long-lasting partnership with Network International," stated Carl J. Williams, Chief Executive Officer at Planet Payment. "Pay in Your Currency is an optimum option for merchants in the UAE, where Network International merchants could provide the enhancing number of vacationers the chance to pay in the currency they know best - their own.".