Smartstockz

[december]

Asia Payment Systems, at almost at 52 week low. forgotten, previously
hot China play, hit 2.65 earlier. Starting to stir - can move
extremely fast with volume.
From December

Asia Pay Signs Strategic Alliance with InterPay International
Monday December 12, 9:33 am ET

HONG KONG, Dec. 12 /PRNewswire-FirstCall/ -- Asia Payment Systems,
Inc. (OTC Bulletin Board: APYM - News) today announced it has signed a
Strategic Alliance agreement with InterPay International Group, a
Singapore company, which has established credit card operations in
Southeast Asia. The two companies will cooperate in markets across
Asia with a special emphasis on developing business in China. The
Strategic Alliance enables Asia Pay to better serve clients in China
by supplementing its resources with the proven management, marketing
and systems expertise of InterPay, as well as opening up new
opportunities for both companies.


Asia Pay and InterPay have formed a joint project team to develop and
implement an action plan in the coming weeks. One opportunity already
identified is the provision of processing systems and technical
support to second tier Chinese banks which in turn is expected to
facilitate future partnership opportunities with Chinese financial
institutions.

"We believe the opportunity to work with Asia Pay is an important new
opportunity for InterPay," said KK Ng, President and CEO of InterPay.
"We are well established in our home market, but have limited exposure
in China. We expect the Asia Pay alliance will open up new avenues in
China and elsewhere in Asia for both companies."

"This agreement gives Asia Pay access to significantly more resources
and enables us to service a broader client base. It adds new service
offerings for Chinese clients and international merchants wanting to
expand into the Chinese market and will enable us to provide better
pricing to our clients as more merchants come online," said Robert
Clarke, CEO of Asia Pay. Benny Lee, President of Asia Pay added, "I
have known InterPay and its key managers for a number of years and I
am confident they will be a major addition to our capabilities in the
Chinese and international markets." Mr. Lee was a founding shareholder
of InterPay and maintained an association with that firm until he
joined Asia Pay.

About Asia Payment Systems

Asia Pay (http://www.asiapayinc.com) is a US public company with
offices in Hong Kong and Shenzhen, China, a US representative office
in New York and processing hubs in Singapore and Japan. Asia Pay is
developing a credit card processing network that provides clearing
services to merchants and financial institutions in China, Japan, and
other markets in Asia.

Centered upon its mission to become a national provider of
world-class, third-party processing services in China, Asia Pay
continues to identify new opportunities to expand nationwide in China,
which is continuing to experience high growth in credit card issuance
and usage. China also has an estimated 875 million debit cards in use,
and an expected growth of an additional 100+ million debit cards
annually.

About InterPay International Group Pte. Ltd.

InterPay International Group (http://www.interpayinternational.com),
headquartered in Singapore, is the holding company for a group of
companies offering payment and loyalty card and online re-charge
products and services throughout Asia. It has joint venture payment
and loyalty companies in Malaysia which hold credit card issuing
licenses from MasterCard and Visa and operate loyalty cards which are
accepted nationwide with over 1.5 million customers. In addition,
InterPay offers management, technical support, consultancy services
and software systems in all aspects of payment and loyalty card
operations.