Asia Payment Systems, Inc. (BULLETIN BOARD: APYM) announced today that Asia Pay's founder, President, and CEO Matt Mecke will make a featured presentation at the Wall Street Reporter's Micro-Cap Investor Summit at the Lotos Club in New York City on March 24, 2005.

Matt Mecke will provide a company overview and review progress of Asia Payment Systems' growing network of credit card clearing services to merchants and financial institutions in China and other markets. Asia Pay is rapidly building a third-party credit card processing network in China and other major markets in Asia.

Mr. Mecke will present details of Asia Pay's business development efforts in the rapidly growing Chinese market, which currently has more than 750 million cards in circulation, of which the overwhelming majority consists of debit cards. The growth of China credit card transactions over the next 10 years will be massive and unprecedented in terms of scope and demand for processing infrastructure. Asia Pay aims to become a leading China-wide provider of world-class third-party processing services to bankcard-accepting merchants and card issuers."

Matt Mecke continued, "I am looking forward to participating in this conference and providing our current and potential investors with an update on Asia Pay's accomplishments, and to interacting with the distinguished panel of microcap investors. I look forward to meeting shareholders in the New York area who attend the conference."

The conference will feature a panel of leading microcap investors at Wall Street Reporter's "Smart Money Roundtable," including Tobin Smith of Changewave Research, David Grin of Laurus Funds, and James Mitarotonda of Barington Capital. Additional information and registration for the conference may be found on the website http://www.wallstreetreporter.com/mis.

A recent interview on the Wall Street Reporter with Matt Mecke is available at http://www.wallstreetreporter.com/profiles/AsiaPaymentSystems.html.

About Asia Payment Systems, Inc.

Asia Pay is a USA public company with offices in: Seattle, Washington; Beijing and Shenzhen, 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 and in related markets elsewhere 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 is continuing to identify sources of additional financing to permit the expansion of nationwide operations in the China market, which currently has an estimated 750 million debit cards in use, with annual growth of an additional 60 million cards.

For more information about Asia Payment Systems, Inc. (Asia Pay), please visit: http://www.asia-pay.com/

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Contacts: Asia Payment Systems, Inc. Matt Mecke President & CEO Tel. +1-866-877-APAY Fax +1-206-470-1150 ir@asia-pay.com http://www.asia-pay.com/

Investor Relations Sussex Avenue Partners Tel. 760-918-5582 Toll-free. 866-312-3924 news@sussexavenuepartners.com http://www.sussexavenueprofiles.com/

Web Sites: http://www.asia-pay.com
http://www.sussexavenueprofiles.com
http://www.wallstreetreporter.com/mis
http://www.wallstreetreporter.com/profiles/AsiaPaymentSystems.html

Asia Payment Systems, Inc.
CONTACT: Matt Mecke, President & CEO of Asia Payment Systems, Inc.,
1-866-877-APAY, or Fax: +1-206-470-1150, ir@asia-pay.com; or Investor
Relations of Sussex Avenue Partners +1-760-918-5582, or Toll-free:
1-866-312-3924, news@sussexavenuepartners.com