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For faster tracking of your Tax Free shopping refund enter your Tax Free form details below. Do not include any spaces or hyphens - just the numbers and letters only.

 

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Planet rolls-out acquiring and currency conversion services for Icelandic merchants

Planet rolls-out acquiring and currency conversion services for Icelandic merchants



10 June 2021
  • Planet extends integrated European acquiring capability into Iceland across the Retail, Hospitality and Food & Beverage sectors

  • Supports merchants as they get ready to welcome back shoppers and guests, as restrictions ease domestically and as travel and tourism begins to return, helping customers spend freely

  • Currency conversion service provides international customers with the choice and convenience of paying in their own currency

Planet, a global integrated payments leader, has today announced an extension to its acquiring capabilities into Iceland, providing merchants operating across Retail, Hospitality and Food & Beverage with access to a wide range of payment methods, currency conversion and gateway services.

 

As retailers and hoteliers across Iceland prepare to welcome back domestic customers and tourists, they are looking for partners that can provide innovative payments services; saving them time and money, while offering their customers great payment moments. Planet’s range of payments services helps them to trade with confidence, improving the experience for shoppers and guests.

 

Iceland is world-famous for its natural beauty and unique Nordic atmosphere, attracting over two million tourists in 20191. As Iceland re-opens its borders to overseas visitors and tourists who have been vaccinated or had a prior COVID-19 infection, it is hoped that visitor numbers will recover strongly to pre-pandemic figures. This should provide opportunities for merchants to benefit from the growth in spending.

We are excited about the prospects of growth returning to Iceland, as restrictions ease domestically on the back of a successful vaccination programme, and travel and tourism emerges from the pandemic

Steve O’Donovan Chief Payments Officer Planet

Planet’s acquiring service includes acceptance of the major international card schemes, along with Google Pay and Apple Pay. Better catering for the expected continued growth in high value Chinese tourists, Planet also acquires for Alipay and WeChat Pay. Chinese tourist numbers to Iceland grew by almost 90% in the three years to 2018, accounting for 5% of all visitors2.

 

Currency conversion services provide customers with the choice and convenience of paying in the currency they know and understand. Demand for this service is high in Iceland, with two million visitors a year1 outnumbering the country’s 350,000 resident population3 by almost 5:1. 

 

It is further enhanced with stylish android payment terminals which deliver a faster, safer process at the till. These are fully integrated to leading Property Management Services (PMS) and Point-of-Sales (POS) partners for an efficient and accurate service and simplified reconciliation.

 

 “We are excited about the prospects of growth returning to Iceland, as restrictions ease domestically on the back of a successful vaccination programme, and travel and tourism emerges from the pandemic", said Steve O’Donovan, Chief Payments Officer at Planet. "As merchants are busy welcoming back customers, our acquiring services, with the exciting range of payment methods and currency conversion services we offer, will help them to deliver a better experience for shoppers and guests."

 

 

Sources
1. Ferdamalastofa.is

2. Wikipedia 

3. Wikipedia 

 

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