(MENAFN- ProactiveInvestors)Planet Payment's (NASDAQ:PLPM) currency conversion solution has been launched to CIMB Bank's merchants in Malaysia - the second largest financial services provider in the country. With 'Pay in Your Currency' merchants can attract more international customers the firm said. It enables sellers to reduce processing costs on foreign transactions while continuing to receive settlement and reporting in Ringgit with no delay in funding. Tommy Chau Managing Director Asia Pacific at Planet Payment said the group was excited to "work with CIMB Bank to expand acceptance of our solutions throughout Malaysia making Pay in Your Currency available to the balance of CIMB Bank's merchants and to international travelers visiting Malaysia. 'Our value-added service will allow merchants to offer superior customer service and reduce the cost of acceptance while providing international travellers with the added convenience of paying in their own currency.' According to the Malaysia Tourism Promotion board inbound tourism into Malaysia increased by 10% to 7.09mln in the first quarter of 2014. Recent statistics demonstrate continued increasing levels of international travel into Malaysia with a large portion of the increase attributable to travelers from other Asian countries.
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