FEXCO Merchant Services Joins Forces with Procesos de Medios de Pagos S.A. to Launch Debut DCC Service in Peru

LIMA, Peru and DUBLIN, January 6, 2016 /PRNewswire/ --

The partnership sees FEXCO's world class Dynamic Currency Conversion technology provided to Procesos merchants in Peru 

FEXCO - the leading independent global provider of Multi-Currency Pricing (MCP) and Dynamic Currency Conversion (DCC) services has today announced a partnership with Procesos de Medios de Pagos S.A. (Procesos), the premier MasterCard acquirer and processor service provider in Peru.

This partnership will see FEXCO's DCC solution offered to Procesos merchants meaning that international visitors to the country will, for the first time, have the choice and convenience of paying for goods and services in their home currency when using their MasterCard in Peru.

The collaboration has seen FEXCO's DCC solution fully integrated into the Procesos payment network offering multiple benefits for consumers including a more customised and transparent shopping experience as well as the ability to better determine value on a purchase in a currency they are familiar with.

Denis Cleary, Managing Director of FEXCO DCC, comments: "Today's announcement demonstrates a significant milestone for FEXCO as we further extend our service into South America, and for the first time, into Peru. This collaboration leverages FEXCO's unrivalled expertise in MCP and DCC to offer a world class solution to Procesos. We are delighted to announce this partnership and greatly look forward to working together."  

Felipe Venturo, CEO of Procesos de Medios de Pagos S.A. commented, "The collaboration between FEXCO and Procesos is an extremely important one for Peru, a country that is enjoying ^[1] increasing international visitor numbers both for business and vacation. Our goal is to continue to innovate so we can better serve our merchants and their customers. This partnership delivers our merchant base a trusted payment solution which in turn allows their customers to better determine value on their purchase in a currency they're familiar with."

About FEXCO 

FEXCO is Ireland's most successful multinational financial and business solutions provider, with operations in 28 countries worldwide. Founded and headquartered in Ireland in 1981, FEXCO employs more than 2,200 people across Europe, the Middle East, Asia-Pacific, North America and Latin America.

FEXCO serves some of the world's biggest brands across multiple industries through a wide range of innovative products and services, including Dynamic Currency Conversion (DCC), Multi Currency Pricing (MCP), Mobile Payments, Commercial and Retail FX, Managed Business Solutions and Tax Free Shopping.

For 34 years FEXCO has been driven by an entrepreneurial and innovative spirit. This ethos has brought the company to new regions and industries of growth, connecting customers with exciting new opportunities. Through its commitment to partnership and innovation, the company has built an international network of customers. To find out more visit http://www.fexco.com

About Procesos MC Perú 

Procesos is the country's main credit card network and, with thousands of affiliated establishments, it is the only merchant acquirer for MasterCard in Peru. In addition to its active participation in the acquirers' market, Procesos is a processor for many brands and provides chip card personalisation services for several banks on the Peruvian market. Procesos' main objective is to encourage the use and acceptance of debit and credit cards.

-------------------------------------------------- 

1. According to the UNWTO [http://www2.unwto.org ] the number of visitors to Peru has increased by 40% since 2010 and more than 3.2 million people visited Peru in 2014.

For more information contact:   

Contact FEXCO
Maria McGrath, Group PR Manager FEXCO, 14 Ely Place, Dublin 2
Tel: +353-861653055 or Email: mmcgrath@fexco.com