International visitors to Malta will now have the choice and convenience of paying for goods and services in their home currency.

This is possible, following an agreement between Malta-based RS2 and Fexco, an Irish financial and business solutions provider, which will use the former’s Bankworks card management system and Fexco’s Dynamic Currency Conversion (DCC) service.

This innovative technology gives customers the option to pay for goods and services in their own currency, with full visibility of the actual exchange rate they are charged on the day of the transaction.

Merchants will still receive their payment in euro, but the cardholder knows exactly how much they have paid in their home currency and will be able to keep track of their expenditure while travelling abroad.

The alliance, while providing clear benefits to local businesses in Malta, is significant as RS2 has fully integrated the Fexco service within its core product Bankworks, which is used by banks in over 130 countries around the world.

The collaboration is now live across 400 locations in Malta, with many more due to come online in the near future.