11/18/1999

Planet Payment and JourneyPay Start Live Trials of New Mobile Payment Solution Planet Payment and MeetChina.com join forces to provide turnkey e-commerce solutions for Chinese merchants

November 18, 1999 (BEIJING - New York): Planet Payment and MeetChina.com today announced an agreement to have MeetChina.com offer Planet Payment's global e-commerce payment solutions to China's burgeoning e-businesses. The participation by MeetChina.com in Planet Payment's Reseller Program enables China's businesses to seize the opportunities of e-commerce. Planet Payment and MeetChina.com can now offer one-stop-e-commerce services to businesses reaching out to global markets. Now, Chinese merchants can go online to set up their e-business website and accept online mutli-currency credit card payments in real-time through the Planet Payment gateway.

"Providing multi-currency credit card payment solutions to merchants and financial institutions everywhere and enabling secure online real-time e-commerce is at the core of our company," says Philip Beck, Chief Executive Officer of Planet Payment. "Our partnership with MeetChina.com will help speed the growth of e-commerce in China, a country with an already remarkable reputation for trade."

"This partnership provides a means for the Chinese government to fulfill its desire to gain worldwide leadership in e-commerce," said Tom Rosenthal, President of MeetChina.com. "Planet Payment fits into the range of services MeetChina.com offers Chinese businesses, giving companies the ability to sell direct to overseas buyers through the Internet."

About MeetChina.com

The MeetChina.com (www.meetchina.com) business-to-business e-commerce portal, co-produced by MeetChina.com and the Electronic Information Center of China's Ministry of Information Industry (MII), is China's largest cross-border trade site. As China's only wholly-owned foreign enterprise licensed to conduct business on the Internet, MeetChina.com has been designated China's official online gateway to international business.

About Planet Payment

Planet Payment (www.planetpayment.com) provides e-businesses - anywhere - with the ability to accept credit cards online, in real-time, in almost any currency. To get up and running, e-businesses need a credit card merchant account and secure payment gateway. To maximize the global opportunity presented by e-commerce, merchants will need to accept payments in multiple currencies. Planet Payment's affordable solution enables Internet merchants to accept Visa? MasterCard? and American Express?credit cards and is compatible with most shopping cart technologies using its state-of-the-art payment gateway powered by Authorize.Net (www.authorize.net).

Contact:

MeetChina.com

Joshua Cherin Executive Vice President, Marketing and Communications
+8610 - 65244630
josh@meetchina.com

Planet Payment:

Thomas DeLuca,
Vice President, Business Development
+1 [212] 980-5100 x337 (New York)
tdeluca@planetpayment.com

Christine Szuszkiewicz
Director of Marketing
+1 [212] 980-5100 x314 (New York)
christines@planetpayment.com