Asia Payment Systems is committed to providing value to our shareholders.  We will continue to develop our business and grow our market share in our key areas of development.

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Company Profile

Asia Payment Systems is a credit card transaction processing and merchant acquiring services company that provides credit card clearing services to merchants and financial institutions in Asia primarily focusing on China. Asia Payment's Mission is to be a national provider of third-party processing services in China to bankcard accepting merchants, issuers of bank credit cards, issuers of petroleum station retail cards, and to issuers of merchandise and grocery retail cards.

The market for credit card processing services in China, with a population of 1.26 billion, is expected to grow over the next six years at a compounded annual rate of growth in total credit card loans of 88%, from US$300 million in 2003 through US$13.2 billion in 2009. In addition, only 2.3% of the merchants in China are capable of accepting cards as compared with 81% of U.S. merchants and 79% of the Japanese. The current transaction processing infrastructure is significantly immature and incapable of supporting the anticipated robust growth.. Asia Payments will aggressively pursue this opportunity by accepting both merchants and banks as customers of its third party processing systems.

Asia Payment's strategy is to utilize management's breadth of experience in both the transaction processing industry and its intimate knowledge of the China market. This expertise enables Asia Payments to understand the market requirements and deploy an integrated and scalable international processing network capable of supporting virtually every credit card transaction protocol at a fraction of the cost of a traditional network. Asia Payment's superior interoperability coupled with its highly efficient infrastructure will enable Asia Payments to partner with international processing equipment providers wherever appropriate to implement superior solutions. Currently there are no dominant providers in the China credit card processing market.

Asia Payments is a U.S. public company (OTC-BB) that will operate in China through a series of joint ventures or subsidiaries (Wholly-Owned Foreign Enterprise) with strategic Chinese partners. The transaction payment processing service is a relatively new opportunity for the private sector in China.

Asia Payment's business plan is to market merchant processing solutions and related processing services to retail merchants in targeted markets and then to offer our internal merchant acquiring volume to selected banks. Our service will provide support to Asia Payments clients by utilizing world-class technology platforms and maximize strategic partnerships to accelerate market development. The initial focus is on China with expansion into other Southeast Asia markets.

Asia Payments is a sales and technology driven credit card transaction processing and merchant acquiring organization. This philosophy drives innovative marketing and sales approaches through the development of relationships and a commitment to customer service.

Source: Shazam Stocks

Exchange
NASD OTC:BB

Listed Security
APYM Common Stock

Stock Quote
Pending

Recent reports
SEC Filings

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