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30-06-2008 14:00:00

Planet Payment Announces the U.S. Launch of BuyVoice(TM) Mobile Payment Solution

Planet Payment (LSE:AIM:PPT and PPTR), a leading international

multi-currency payment and data processor, announces the commercial

launch in the United States of Payment BuyVoice, an innovative mobile

commerce solution. Payment BuyVoice provides merchants with a cost

effective, secure and convenient way to accept credit cards, from any

mobile phone or landline.

Payment BuyVoice is an easy-to-use payment solution

merchants simply dial the dedicated Payment BuyVoice toll-free number

when they need to process a credit card payment. The application

initially authenticates the merchants

credentials through password and PIN validation, and then prompts the

merchant for the relevant card details, which can either be spoken or

key-entered. The system also supports common fraud-control features,

including address and card verification value (CVV) code collection. The

application submits the transaction for authorization, which is

communicated back to the merchant, who subsequently receives payment for

the transaction directly from their merchant bank.

Planet Payments solution enables merchants to

use their existing mobile or landline telephone to enjoy all the

traditional benefits of credit card acceptance, including additional

sales, expedited cash flow and reduced risk by eliminating bounced

checks. Payment BuyVoice is a fully hosted application that provides

merchants with immediate availability using their existing telephone and

mobile carrier, without the purchase of any additional hardware. The

solution does not require the downloading of any software applications

to the merchants phone, eliminating potential

memory limitations and preventing the introduction of viruses, as could

be the case with other mobile payment solutions.

Payment BuyVoice is perfect for merchants on the go, such as taxi and

limousine drivers, direct marketers, and household service and delivery

personnel. In addition, merchants located in areas with limited

availability of access to point-of-sale systems can use Payment BuyVoice

to process credit cards.

Commenting on the launch of Payment BuyVoice, Planet Payment Chief

Executive Officer Philip Beck said:

BuyVoice fills a very significant

market need, both in the U.S. and internationally. As more

consumers move away from cash to credit cards for payment of all types

of purchases, merchants of all types and size require cost effective and

simple means to accept credit card payments. Now, with our

solution, the lack of a credit card terminal will no longer be a barrier

to any merchant seeking credit card acceptance.

Merchants can obtain more information or sign-up for Payment BuyVoice at

Planet Payments web site, www.planetpayment.com.

About Planet Payment

  • Planet Payments Common shares trade on AIM

    under the symbols PPT for unrestricted Common shares and PPTR for Reg

    S Common shares. All shares carry the same rights and privileges but

    PPT shares can now be settled through CREST.

  • Planet Payment enables 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. The Pay in Your Currency

    service is a component of Planet Payments

    suite of multi-currency processing solutions, which include a

    multi-currency pricing e-commerce service and a Dynamic Currency

    Conversion service. Planet Payment also offers BuyVoice,

    a mobile payment and commerce solution, which allows merchants to

    accept payments and sell product to customers using any mobile or

    landline phone.

  • Planet Payment is headquartered in New York and has offices in

    Atlanta, Beijing, Bermuda, Delaware, London, Hong Kong, Shanghai and

    Singapore.

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 Payments

financial position, business strategy, plans and objectives of

management for future operations (including development plans and

objectives relating to Planet Payments

business) are forward-looking statements. Such forward-looking

statements are based on a number of assumptions regarding Planet Payments

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 processors,

acquirers, merchants and others may take longer than anticipated, or may

not occur at all, regulatory changes, particularly in China and changes

in card association regulations and practices; general economic risk and

volume of international travel and commerce and others. 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.

Planet Payment

Joel Mayer, Director Corporate Development

Tel:

+1 516-670-3200

jmayer@planetpayment.com

or

UK

PR for Planet Payment:

Redleaf Communications Ltd

Emma

Kane / Rebecca Sanders-Hewett

/ Richard Girling / Henry Columbine

Tel:

+44 20 7822 0200

Fax: +44 20 7822 0201

planet@redleafpr.com

or

US

PR for Planet Payment:

ICR, Inc.

Brian Prenoveau,

CFA / Ashley Ammon MacFarlane

Tel: +1 203-682-8200

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