BEIJING, and NEW YORK, Sept. 26 /PRNewswire-FirstCall/ -- Asia Payment
Systems, Inc. (OTC Bulletin Board: APYM) announced today that it has completed
its integration into the payment processing system at Network for Electronic
Transfers (Singapore) Pte Ltd. (NETS) following its prior announcement of the
agreement with NETS.
Asia Pay's President and CEO Matt Mecke announced, "Our technical team's
hard work of integrating our system with the NETS system has proven to be
successful with Asia Pay already having one potential customer in test mode.
"We believe Asia Pay represents an independent and very credible payment
option to international companies wanting to do e-business in Asia. We now
have operations in China, Japan, and in Southeast Asia and look forward to
promoting our coverage to merchants who recognize the tremendous potential in
this region," added Mecke.
About Asia Payment Systems, Inc.
Asia Pay is a USA public company with offices in: New York City; Beijing
and Shenzhen in China; and Hong Kong. Asia Pay is developing a credit card
processing network that provides clearing services to merchants, oil
companies, and financial institutions in China, Japan, and other markets in
Asia.
Asia Pay's mission is to be a national provider of world-class third-party
processing services in China to bankcard-accepting merchants, issuers of bank
credit cards, issuers of petroleum station retail cards, and issuers of
merchandise and other retail cards. Systems, hardware, and personnel are now
in place as Asia Pay commences delivering service to clients. In addition, the
company plans to expand nationwide operations in the China market, which
currently has an estimated 875 million debit cards in use, with annual growth
of an additional 100+ million cards.
For more information about Asia Payment Systems, Inc. (Asia Pay), please
visit http://www.asiapayinc.com/.
About Network for Electronic Transfers (Singapore) Pte Ltd. (NETS)
Founded by Singapore's leading banks in 1985 to operate payment networks
and drive adoption of electronic payments, Network for Electronic Transfers
(Singapore) Pte Ltd. (NETS) has been at the forefront of Singapore's cashless
revolution for twenty years.
Having achieved ubiquity and a strong base in Singapore, NETS is poised to
be the leader for the integrated payment gateway for Asia. NETS is actively
pursuing growth opportunities and partnerships across Asia and has been
working with companies across Asia, including China, Hong Kong and Southeast
Asia, to bring the convenience of NETS payment solutions to their markets.
For more information about Network for Electronic Transfers Singapore
(NETS), please visit http://www.nets.com.sg/corporate/the_market.asp.
Contacts:
Asia Payment Systems, Inc.:
Matt Mecke, President & CEO
Tel.: +1-866-877-APAY
Fax: +1-206-470-1150
ir@asiapayinc.com
http://www.asiapayinc.com
Investor Relations:
Sussex Avenue Partners
Tel.: 760-918-5592
Toll-free: 866-878-7739
news@sussexavenuepartners.com
http://www.sussexavenueprofiles.com
This release was issued through eReleases(TM). For more information,
visit http://www.ereleases.com.
SOURCE Asia Payment Systems, Inc.
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Related links:
http://www.asiapayinc.com
CONTACT:
Asia Payment Systems, Inc.: Matt Mecke,
President & CEO, +1-866-877-APAY, Fax: +1-206-470-1150,
ir@asiapayinc.com; or Investor Relations: Sussex Avenue Partners,
+1-760-918-5592, +1-866-878-7739 or news@sussexavenuepartners.com
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