Mubasher: The leading payment solutions provider in the Middle East and Africa region Network International has launched Multicurrency Online as a new service that uses built-in geo-location to show the exact amount cardholders will be billed in their own currency with no hidden charges, according to a recent statement.
“The new solution will enable Network International’s merchant partners to maximise their global sales potential in addition to providing additional value to cardholders when they make e-commerce payments overseas,” the statement added.
The online service will determine a cardholder’s location via IP address instead of using the location of the online business.
“The online store, likewise, will receive the exact payment in their own currency. For example, if a customer in Paris is purchasing from a UAE business, the cardholder will see their own bill in Euros, while the merchant will be paid in Dirhams. Multicurrency Online is available for all Mastercard and Visa cardholders,” the statement said.
‘Multicurrency Online’ will allow the cardholders to choose another currency, including UAE Dirhams, for their online payment.
