1/3/2007

 Planet Payment and JourneyPay Start Live Trials of New Mobile Payment Solution

Planet Payment [LSE:AIM: PPTR and PPT], a leading global payment and data processor, and JourneyPay Limited, a transport payments specialist, today announced the start of a four-week pilot of a powerful new mobile payment solution for the taxi industry.

The service, called JourneyPay BuyVoice™, enables taxi drivers to accept credit cards using their current mobile phones, thereby affording taxi passengers the convenience of paying their fare with a credit card. The solution was designed as a fully managed, turnkey solution that combines a user-friendly, natural-speech application with a robust payment platform to create a secure and quick mobile payments solution that is simple for drivers to use.

The JourneyPay BuyVoice service is scheduled for general availability to the London taxi market in January 2007. In addition, JourneyPay and Planet Payment are exploring further opportunities in other transport and mobile merchant segments in Europe, North America and Asia.

This effort expands upon the companies’ May, 2006 announcement of the agreement for JourneyPay to deploy Planet Payment’s innovative FX Assured® service in London taxicabs via JourneyPay’s wireless terminals. With FX Assured, passengers usingVisa® or MasterCard®cards will be able to enjoy the convenience of paying for their fare in their home currency, at an exchange rate that is guaranteed to be better than the effective rate that would have been used by the passenger’s card provider.

Commenting on the initiative, Philip Beck, Chief Executive Officer of Planet Payment, said:

”We believe that JourneyPay BuyVoice is a perfect application for the transport sector. JourneyPay BuyVoice provides any taxi driver who needs to accept credit card payments with a solution that is available anywhere, anytime and without a credit card terminal. We believe that JourneyPay BuyVoice, as well as our FX Assured service, which will be supported through JourneyPay’s in-cab wireless terminals, will provide both drivers and their passengers with more payment options and greater convenience.”

Barry Davis, Chief Executive Officer of JourneyPay, added:

“JourneyPay BuyVoice is exactly the solution we were looking for to help taxi drivers offer their passengers the freedom to pay by credit card in a simple and secure way. As part of our commitment to supporting the taxi trade, JourneyPay is working with Planet Payment to explore even more mobile payment solutions, including wireless terminals. We look forward to working with them as our technology partner.”

Taxi Operators and other Mobile merchants seeking to sign up or find out more about JourneyPay BuyVoice™ mobile payment solutions can contact JourneyPay or Planet Payment at
0870 7777241


Enquiries to:

Emma Kane / Andrew Dunn
Redleaf Communications Ltd Tel: +44 (0) 20 7822 0200
Philip Beck
Chief Executive Officer
Planet Payment Tel: +1 516-670-3200
Barry Davis
Chief Executive Officer
JourneyPay Tel: +44 (0) 1590 643434

Notes to Editors:
ABOUT PLANET PAYMENT
Planet Payment is the trade name for Planet Group, Inc. [LSE:AIM: PPTR and PPT for RegS and unrestricted shares respectively]. Further information on Planet Payment can be found at: www.planetpayment.com
Planet Payment is a multi-currency payment processor, enabling processors, acquiring banks and their merchants to accept, process and reconcile credit card transactions in multiple currencies, and allowing international cardholders to view prices and settle transactions in their native currency when traveling abroad. Planet Payment’s systems also enable it to provide enhanced data reporting, data management and other innovative integrated and mobile payment solutions to merchants who are using multiple systems in different countries.
The Planet Payment business was established in 1999 and Planet Group, Inc. is listed on the AIM market of the London Stock Exchange. Planet Payment is headquartered in New York and has offices in the United Kingdom, Singapore and Hong Kong.
ABOUT JOURNEYPAY
JourneyPay provide innovative, practical and cost effective payment solutions and systems to the transport sector. JourneyPay’s Heathrow division for taxis, HaltPay was formed as Heathrow Airport Licensed Taxis (HALT) payment solution provider, IT consultancy and systems provider. HaltPay work closely with BAA and the London Taxi Trade to supply innovative and cost effective solutions.

Forward-Looking Statements. Information contained in this announcement may include ‘forward-looking statements’. All statements other than statements of historical facts included herein, including, without limitation, those regarding Planet Payment’s financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives relating to Planet Payment’s business) are forward-looking statements. Such forward-looking statements are based on a number of assumptions regarding Planet Payment’s present and future business strategies and the environment in which Planet Payment expects to operate in future, which assumptions may or may not be fulfilled in practice. Actual results may vary materially from the results anticipated by these forward-looking statements as a result of a variety of risk factors, including the risk that implementation, adoption and offering of the service by merchants may take longer than anticipated, or may not occur at all. These forward-looking statements speak only as to the date of this announcement and cannot be relied upon as a guide to future performance. Planet Payment expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this announcement to reflect any changes in its expectations with regard thereto or any change in events, conditions or circumstances on which any statement is based.