LONG BEACH, N.Y., Aug. 13, 2014 (GLOBE NEWSWIRE) -- Planet Payment, Inc. (Nasdaq:PLPM) (LSE:PPT), a leading provider of international and multi-currency payment processing and transaction services, today announced its partnership with Banco Espírito Santo do Oriente, S.A. (BESOR), a Macau-based bank, to provide BESOR merchants with the ability to accept UnionPay (CUP) cards.
To cater to the ever-growing number of visitors from Mainland China and to foster banking relationship with its partners, BESOR partnered with Planet Payment to enable their merchants to accept UnionPay branded cards in Macau. According to Macau's Statistic and Census Service, visitors from Mainland China increased by 10 percent in 2013.1 UnionPay is one of the largest card brands in the world, with over 3.5 billion cards issued worldwide.2 Planet Payment will be providing the processing support for UnionPay's credit and debit cards at the point-of-sale.
"We are happy to be supporting BESOR in enabling their merchants to accept UnionPay cards in Macau," said Carl Williams, CEO at Planet Payment. "We believe it is an important tool for merchants looking to sell more goods and services to the increasingly significant number of CUP cardholders."
Banco Espírito Santo do Oriente, S.A. (BESOR) is a Macau full licensed Bank established in 1996.
Since its opening, BESOR contributes to the development of the local and regional economies by working closely with Corporate, Institutional and Private Clients focusing on long-lasting relationships.
As part of a large Portuguese Banking Group, BESOR has a competitive edge in supporting Chinese companies interested in investing and/or expanding abroad, namely to Portuguese speaking countries, as well as, foreign companies interested in Macau and the Pearl River Delta region, thus facilitating business expansion and trade relations.
Visit www.besor.com.mo for more information about the bank.
About Planet Payment
Planet Payment is a leading provider of international payment and transaction processing and multi-currency processing services. We provide our services in 22 countries and territories across the Asia Pacific region, North America, the Middle East, Africa and Europe, primarily through our more than 60 acquiring bank and processor customers. Our point-of-sale and e-commerce services help merchants sell more goods and services to consumers, and together with our ATM services are integrated within the payment card transaction flow enabling our acquiring customers, their merchants and consumers to shop, pay, transact and reconcile payment transactions in multiple currencies, geographies and channels.
Planet Payment is headquartered in New York and has offices in Atlanta, Beijing, Bermuda, Delaware, Dubai, Dublin, London, Hong Kong, Mexico City, Shanghai and Singapore. Visit www.planetpayment.com for more information about the Company and its services.
1. Government of Macau Statistics and Census Service - http://www.dsec.gov.mo/Statistic.aspx?NodeGuid=251baebb-6e5b-4452-8ad1-7768eafc99ed#
2. eMarketer, February 5, 2013 – Ecommerce Sales Topped $1 Trillion for First Time in 2012