This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

PT Bank Central Asia And Planet Payment Launch Pay In Your Currency(R) In Indonesia

Stocks in this article: PLPM PPT

JAKARTA, Indonesia and LONG BEACH, N.Y., Dec. 11, 2013 (GLOBE NEWSWIRE) -- PT Bank Central Asia Tbk (IDX:BBCA), one of the leading commercial banks in Indonesia, and Planet Payment, Inc. (Nasdaq:PLPM) (LSE:PPT), a leading international and multi-currency payment processor, today announced the launch of Planet Payment's Pay in Your Currency® service to BCA's portfolio of merchants across Indonesia.

Pay in Your Currency can offer significant benefits to BCA's merchants and their customers. With Pay in Your Currency, eligible customers are offered the convenience of paying in their home currency at the point-of-sale. The customers are handed a receipt which shows the transaction amounts in Indonesian Rupiah and their home currency, together with the exchange rate and other service details. The customer then makes their currency choice on the receipt. With Pay in Your Currency, international travelers can enjoy a more comfortable shopping experience by knowing what they are paying in their home currency, while simultaneously providing the merchant with an opportunity to reduce the processing costs incurred on these transactions.

Tourism is an important component of the Indonesian economy and the levels of inbound international travel have been steadily increasing over the past several years. In 2010, a total of 7 million international travelers visited Indonesia, increasing 9% in 2011 to 7.65 million visitors (Indonesia Central Statistics Bureau). In 2012, 8 million international travelers visited Indonesia and the upward trend is expected to continue in 2013 to a projected 8.5 to 9 million visitors (Travel Daily News, 4 January 2013). Pay in Your Currency allows BCA's merchants to provide enhanced customer service to this important customer segment.

"Many of our merchants, including those in the hospitality, restaurant and retail sectors, count on international customers for a significant portion of their business," said Santoso, Senior General Manager of BCA. "We believe that Pay in Your Currency is an important addition to our suite of products and will allow our merchants to better serve their international clientele by delivering a more comfortable and convenient shopping experience."

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs