Pay in Your Currency
Taishin International Bank and Planet Payment, a multi-currency payment and data processor, are partnering to launch a pay in currency in Taiwan (view press release). The Pay in Your Currency service will be offered to Taishin Bank’s portfolio of merchants in Taiwan. The service will allow international customer to pay in their home currency at the POS. Users will be presented with a receipt or terminal which displays the transaction amounts in New Taiwan Dollar and their home currency, together with the exchange rate and other service details. The customer will then be asked to choose their currency choice on the receipt or device.
Planet Payment said the service may help merchants looking to reduce the processing costs incurred on these transactions.
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more
