Planet Payment's Registration Statement Effective Shares to Commence Trading on NASDAQ on Monday, December 17, 2012

Planet Payment's Registration Statement Effective Shares to Commence Trading
on NASDAQ on Monday, December 17, 2012

LONG BEACH, N.Y., Dec. 14, 2012 (GLOBE NEWSWIRE) -- Planet Payment, Inc. (USA:
(Nasdaq:PLPM); UK: (LSE:PPT) (LSE:PPTR)), a leading provider of international
payment processing and multi-currency processing services, announced that the
Registration Statement previously filed on Form 10 with the United States
Securities and Exchange Commission ("SEC") became effective today, making the
Company a reporting company in accordance with SEC rules.

The Company expects trading of its stock on the NASDAQ Stock Market ("NASDAQ")
to commence on Monday December 17, 2012 and shares will cease being traded on
the OTCQX.The Company's unrestricted Common Stock will trade in the United
States on NASDAQ under the ticker "PLPM," with the stock price quoted in
United States dollars. The unrestricted Common Stock will also continue to
trade on the London Stock Exchange's AIM market under the ticker "PPT" with
the stock price quoted in Pounds Sterling.

Consistent with the filing of our Form 10, the Registration Statement
previously filed on Form S-1 with the SEC has now been withdrawn since we are
not undertaking a simultaneous fundraising.

Commenting on the NASDAQ Listing, Philip Beck, Chairman and CEO of Planet
Payment said:

"Our NASDAQ admission represents an incremental step in the development and
progress of the Company.I would like to take this opportunity to thank all of
our dedicated employees and loyal stockholders for their efforts and support
since the inception of the Company which helped us achieve this significant
milestone.We look forward to continuing our growth in the coming year."

About Planet Payment

Planet Payment is a leading provider of international payment processing and
multi-currency processing services. We provide our services in 18 countries
and territories across the Asia Pacific region, North America, the Middle
East, Africa and Europe, primarily through our more than 45 acquiring bank and
processor customers.Our point-of-sale and e-commerce services help merchants
sell more goods and services to consumers, and with our ATM services are
integrated within the payment card transaction flow enabling our acquiring
customers to process and reconcile payment transactions in multiple
currencies, geographies and channels.

Planet Payment is headquartered in New York and has offices in Atlanta,
Beijing, Bermuda, Delaware, Dubai, Dublin, London, Hong Kong, Mexico City,
Shanghai and Singapore.Visit www.planetpayment.com for more information about
the Company and its services.For up-to-date information follow Planet Payment
on Twitter at @PlanetPayment or join Planet Payment's Facebook page.

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 the trading on NASDAQ.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, regulatory changes and changes in card association regulations and
practices; changes in domestic and global economic conditions and changes in
volume of international travel and commerce, the impact of the BPS acquisition
and others. See the Company's filed Registration Statement on Form 10, for
other risk factors which investors should consider.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.

CONTACT: Planet Payment, Inc.
         Graham Arad, SVP General Counsel
         Tel: + 1 516 670 3200
         www.planetpayment.com
        
         Redleaf Polhill (UK PR for Planet Payment)
         Emma Kane / Henry Columbine / Rebecca Sanders-Hewett
         Tel: +44 20 7566 6720
         planet@redleafpolhill.com
        
         ICR (US PR for Planet Payment)
         Don Duffy / Dara Dierks
         Tel: +1 646-277-1212
        
         Canaccord Genuity Ltd (UK) (Nomad for Planet Payment)
         Simon Bridges / Andrew Chubb
         Tel: +44 20 7523 8000
 
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