Planet Payment Inc.
05/10/2017

Muxi and Planet Payment Announce Agreement to Offer Multi-Currency Processing on their POS Terminal Solutions

LONG BEACH, N.Y. and RIO DE JANERIO, Brazil, May 10, 2017 (GLOBE NEWSWIRE) -- Muxi, an information technology company specializing in integration and development of solutions and software, announced today a referral agreement with Planet Payment® to integrate Planet Payment's multi-currency solutions onto their POS Terminal applications for acquiring banks and processors.

Through this new partnership, Muxi acquiring bank and processing customers can now enjoy the benefits of offering multi-currency processing to their merchants. Planet Payment's Pay in Your Currency solution will be integrated into Muxi's existing POS Terminal solutions.

Pay in Your Currency gives merchants the ability to offer their international customers the choice to pay for their purchase in the currency they know best — their own, while earning an additional revenue stream for the merchant and their acquirer or processor.

"Muxi's strategic partnership with Planet Payment represents our commitment to bringing our customers innovative solutions to help them maintain a competitive edge," said Ed Myers, CEO at Muxi USA. "This partnership allows our customers to take advantage of the strengths of both companies."

"Our agreement with Muxi expands our product offering to their acquiring and processing partners, enabling them to offer an enhanced product suite to their merchants, helping them attract more international customers and earn more revenue," said Robert Cox, President & COO at Planet Payment. "We look forward to growing this mutually beneficial partnership."

About Muxi

MUXI has been a leader in the payments industry for over 20 years, working with many of the largest merchant acquirers in the world. Acquirers utilizing the MuxiPay/POSWEB platforms are able to quickly deploy multiple capture devices whether POS, mobile phones, tablets, PCs and web that allow the sharing of applications. Devices can be updated remotely, quickly and securely, providing new functionalities, enabling new products and promotional campaigns while dramatically decreasing the operational costs associated with managing a large estate of payment devices.

About Planet Payment

Planet Payment (NASDAQ:PLPM) is a leading provider of international payment and transaction processing and multi-currency processing services. Planet Payment provides services in 22 countries and territories across the Asia Pacific region, the Americas, the Middle East, Africa and Europe, primarily through our 70+ acquiring bank and processor customers. The Company's point-of-sale and e-commerce services help merchants sell more goods and services to consumers, and together with ATM services, are integrated within the payment card transaction flow enabling acquiring customers, their merchants and consumers to shop, pay, transact and reconcile payment transactions in multiple currencies, geographies and channels.

Contacts:

Muxi
Ed Myers
emyers@muxi.com
www.muxi.com.br

Planet Payment
Jill Raftery
516-670-3200
jraftery@PlanetPayment.com
www.PlanetPayment.com