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ASHBURN International started to provide a service of Dynamic Currency Conversion

08-09-2018 12:55 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Penki Kontinentai Group

ASHBURN International , specializing in software development, POS terminal networks support and monitoring, offered a solution convenient for tourists and visiting foreign businesspersons, who want to pay by electronic payment cards.

Dynamic Currency Conversion (DCC) automatically recalculates the good‘s or services’ price in the currency preferred by the cardholder. This can be the currency of the residence country or the currency of the locate country. This service has long been popular in Europe. From now on, it is also available in POS terminals, serviced by ASHBURN International in the Baltic States, Azerbaijan Georgia, Kazakhstan, Uzbekistan and other countries.

Using such a payment terminal, country-visiting guests are able to choose their preferred currency and pay for various services during the trip.

“This decision is primarily relevant in the most visited places by foreign tourists. We are confident that the financial sector representatives will appreciate this new feature in POS terminals. Implementing dynamic currency conversion, we hope for the growth of the POS terminals market”, ASHBURN International Executive Director Žoržas Šarafanovičius commented the new service.

Speaking about the advantages of the dynamic currency conversion function, Žoržas Šarafanovičius emphasized the convenience for payers — it facilitates the finances planning and control during the trip. In addition, paying in local currency, the commission of the bank that converts is used. In this case, the client is offered a better exchange rate than VISA or MasterCard.

The new function is implemented in standalone and integrated payment terminals, so tourists can use them both in shops and restaurants.

ASHBURN International
ASHBURN International, a member of the group of companies “Penki kontinentai”, celebrated its 20th anniversary this year. The company offers the POS terminals network monitoring and management solutions, transaction data transfer and loyalty system management. ASHBURN International also provides rental, installation and maintenance POS terminals services. The company is the official Ingenico partner since 2013.Hard- and software from ASHBURN are certified and meet the VISA International, Mastercard, American Express, Diners Club International, JCB and UPI requirements.

Germanas Kavalskis
Chief Communications Officer

Penki Kontinentai Group
Kareivių str. 2,
LT-08248, Vilnius, Lithuania

+370 626 27488
germanas.kavalskis@5ci.lt
www.5ci.lt

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