Pay Planet (Techmark Limited)
- Founded
- 1999-01-01 in Galway, Ireland
- Headquarters
- London, United Kingdom
Planet is a global provider of integrated technology and payments solutions for retail and hospitality customers. The company combines payments, software, and tax-free shopping services through a single, scalable partnership, enabling merchants to accept multiple currencies online, in-store, and on-the-go. With over 35 years of experience, Planet serves more than 800,000 customers across 120+ active markets, processing transactions in hospitality, retail, food & beverage, and parking verticals. Its product suite includes a cloud-based payment gateway, property management software (PMS), a token vault for secure data sharing, and tax-free form issuance. Headquartered in London with operational headquarters in Galway, Ireland, Planet employs over 2,500 people across six continents. The company has been recognized with awards such as the FinTech Breakthrough Award for Best Consumer Payment Solution (2025) and continues to expand through partnerships in the payment and software ecosystem.
Detailed Review
History
Planet was founded in 1999 as Planet Payment by Philip Beck, an attorney with two decades of international banking experience. The company initially focused on multicurrency processing, pioneering cloud-based foreign exchange conversion services for merchants. In 2019, Planet was acquired by a consortium of investors including TA Associates and other private equity firms, leading to a rebranding from 'Planet Payment' to 'Planet' around 2020 to reflect its expanded software and tax-free offerings. The founder, Philip Beck, departed after the acquisition.
Business Model
Planet generates revenue primarily through transaction fees on payment processing, software subscriptions for its property management and token vault services, and commissions on tax-free shopping forms. The company operates a platform model that integrates payments with software, allowing merchants to simplify their technology stack. Its token vault enables secure storage and sharing of payment data across multiple processors, adding value for large enterprise clients.
Products
Planet’s core products include Payments – a unified platform for accepting credit cards, digital wallets, and alternative payments in over 120 currencies; Property Management Software (PMS) – a hospitality-focused system that streamlines booking, check-in, and checkout operations; Token Vault – a tokenization service that collects and stores sensitive payment data for secure reuse across processors; Tax Free – a digital solution for issuing VAT refund forms to international travellers; and Planet Cloud Gateway – a cloud-based payment gateway for e-commerce and omnichannel retail.
Market Position
With over 800,000 customers and a presence in 120+ markets, Planet is a significant player in the integrated payments and software space for retail and hospitality. It competes with companies like Adyen, Worldpay, and Global Payments, differentiating through its combined software and payments offering. The company has received industry recognition, including the FinTech Breakthrough Award for Best Consumer Payment Solution in 2025. Planet does not specifically target the iGaming industry, but its payment infrastructure could serve regulated gambling merchants.
Leadership
Planet’s current CEO is Brent Warrington, as confirmed by Wikipedia. In 2024, the company appointed Ulric Delamare as Chief Financial Officer and Morgan Hammersley as Chief Technology Officer, strengthening its executive team. The previous founder and CEO Philip Beck is no longer with the company. The CCO and COO roles are not publicly filled according to available sources.
Recent News
Planet has continued to expand its partnership ecosystem, integrating with major point-of-sale systems and adding new acquiring capabilities. The company’s recent product enhancements include improved tokenization features and expanded tax-free shopping coverage across European markets. Planet’s headcount has grown to over 2,500, reflecting its ongoing investment in technology and global reach.
Key Products
Payments
Accept multiple currencies online, in-person, or via mobile; includes acquiring, processing, gateway, and currency conversion.
Property Management Software (PMS)
Cloud-based PMS for hospitality operators; integrates with the broader Planet ecosystem.
Token Vault
Collects and tokenizes sensitive payment data; enables secure token sharing across multiple processors.
Tax Free
Digital issuance and management of tax-free shopping forms for travellers and retailers.
Payments (Unified)
Accept in‑person, online, and in‑app payments; supports 135+ currencies, DCC, gift cards, and mobile wallets.
Dynamic Currency Conversion (DCC)
Allows international shoppers to pay in their home currency at the point of sale, with transparent exchange rates.
Gift Card Solutions
Customisable gift card programmes integrated with existing payment flows.
Payment Gateway / API
Developer‑friendly APIs for integrating payment acceptance into e‑commerce and custom applications.
Planet Cloud Gateway
A cloud-based payment gateway for e-commerce and omnichannel retail, providing secure transaction routing and fraud detection.
Offices & Headcount
2500 employees (approx.)