Planet Payment extends partnership with Mashreq for ATM solutions through 2021

Planet Payment Inc., a payment processing and transaction services company that deals internationally and with multiple currencies, recently extended its partnership through 2021 with Mashreq, a UAE financial institution.

The two companies have been partners since 2012.
 
“We are pleased to be extending our contract with Planet Payment,” Pankaj Kundra, head of payments at Mashreq, said. “As Dubai continues to maintain its position as one of the top travel destinations in the world, the multi-currency solutions Planet Payment offers are an invaluable asset to offer our merchants doing business in this region.”
 
Mashreq uses Planet Payment solutions at its ATMs. The technology enables international travelers to withdraw UAE Dirham from an ATM while simultaneously seeing the money debited from their account in their own currency.
 
“Planet Payment has enjoyed a positive relationship with Mashreq, and we are thrilled to be extending our contract through 2021,” Jonathan Ellis, managing director of EMEA at Planet Payment, said. “We are excited to expand our product offering in the region as well. Shifting currency conversion to the ATM creates additional revenue opportunities on both new and existing ATM transactions for Mashreq.  We look forward to our continued work with Mashreq, providing innovative solutions to the UAE that make the payment experience easier for international travelers.”