Leading Payment Gateway Provider Partners with BancNet, Philippine?s Leading Electronic Switch Network

Hong Kong, 21st April 2010 ? AsiaPay, the leading electronic payment gateway provider has launched PesoPay online payment service with BancNet. The PesoPay BancNet facility enables real-time Internet payment to reach millions of ATM cardholder customers in the Philippines.

Founded in 2000, AsiaPay provides a comprehensive suite of payment processing capabilities for banks, corporations, SMEs and charities. BancNet is the largest ATM consortium in the country with 60 members. This partnership will allow the merchants to collect online ATM payments in real-time.

?We are pleased to partner with BancNet and expand the use by its cardholders of their ATM/Debit Cards to beyond ATM banking by allowing the use of ATM/Debit cards in online payment for Internet transactions,? said Joseph Chan, CEO of AsiaPay. ?Ecommerce merchants can readily add in their websites the ability to receive BancNet payments using their customers? ATM card.?

"The local e-commerce industry is eyeing more payment options beyond credit card payment," said BancNet president Francisco M. Caparros, Jr. "Partnering with AsiaPay's PesoPay payment gateway will enable online businesses to add BancNet ATM cardholders to their customers base and quickly integrate this payment facility.?

Businesses will be able to enjoy BancNet payment acceptance in any ecommerce web page by using PesoPay payment system. BancNet ATM/Debit cardholder will conveniently be able to shop online and complete their Internet transactions. PesoPay BancNet services aims to merge seamlessly the Internet and ATM/Debit commerce worlds for the online customers and ecommerce merchants.

About AsiaPay
Founded in 2000, AsiaPay, a leading electronic payment service, solution and technology house in Asia, provides a comprehensive suite of latest secure, scalable, function-rich real-time payment processing capabilities of credit card and debit cards whether online, wireless, call center or retail for banks, corporates, SME's, and charity organizations. Headquartered in Hong Kong, AsiaPay operates in 8 other countries across Asia including Thailand, Philippines, Singapore, Malaysia, UK and China. For more information, please visit www.asiapay.com.