8/22/2007

 Planet Payment Opens New Office in Hong Kong

Planet Payment [LSE: AIM: PPT and PPTR], a leading international multi-currency payment and data processor, announced today the opening of a new office in Hong Kong. Planet Payment has been established in Hong Kong since 2005 and the move was prompted by the dramatic business growth that it has experienced in the last two years. The new and larger office, located in Asia Orient Tower in the Wan Chai district, will serve as the base for Planet Payment’s business development and operational support for the Asia Pacific region.

Planet Payment’s primary mission is to provide acquirers and processors with a range of products and services that help merchants conduct business more efficiently and profitably. Planet Payment’s multi-currency processing solutions enable merchants to attract and close more international sales through price localization -- allowing customers that pay with MasterCard® and Visa® cards to view prices and pay in their home currencies, while merchants still receive settlement in their local currency.

Planet Payment’s suite of reporting solutions also allow merchants with multiple locations to view transaction level detail on a consolidated basis, together with key customer demographic information for better, more informed marketing decisions. In addition, Planet Payment recently launched a mobile payment and commerce product line: BuyVoice®, which enables merchants to accept payments and sell products and services by simply speaking over any mobile or landline phone.

Commenting on the opening of the new office, Philip Beck, Chief Executive Officer of Planet Payment, said:

“The growth in demand for Planet Payment’s solutions on the part of acquirers and their merchants in Greater China has been remarkable. As Planet Payment’s business expands further in the Asia Pacific region, we continue to invest in our infrastructure in order to provide our customers with best-in-class support and service. Our new facility in Hong Kong is another example of our continued commitment to Greater China and the growing Asia Pacific markets.”

Enquiries to:

Planet Payment
Thomas J. DeLuca, SVP Corporate Develpment, Asia Pacific +852.9303.0658
tdeluca@planetpayment.com

About Planet Payment

Further information on Planet Payment [LSE: AIM: PPT and PPTR for unrestricted and Reg S common shares respectively] can be found at: www.planetpayment.com.

Planet Payment is a multi-currency payment and data processor, enabling processors, acquiring banks and their merchants to accept, process and reconcile credit card transactions in multiple currencies, allowing cardholders to view prices and settle transactions in their native currency. Planet Payment’s systems also enable it to provide enhanced data reporting and data management to merchants who are using multiple systems in different countries.

The Planet Payment business was established in 1999. Planet Payment is headquartered in New York and has offices in Atlanta, the United Kingdom, Bermuda, Singapore, Hong Kong, Shanghai and Beijing. Planet Payment (HK) Ltd is located at 21/F, Asia Orient Tower, Town Place, 33 Lockhart Road, Wan Chai, Hong Kong SAR and can be contacted at +852.3766.2666 and info.hongkong@planetpayment.com.