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e-pay Asia Limited (EPY)

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Monday 12 March, 2007

e-pay Asia Limited

Indian Market Update

e-pay Asia Limited
12 March 2007


ASX/AIM: EPY

                               e-pay Asia Limited

                              Indian Market Update

SYDNEY 12 March 2007

e-pay Asia announces that it has ended the strategic alliance discussions with
India's E-Charge Tech Pvt Ltd ('E-Charge').

The Company's strategy remains unchanged and it is currently in discussions with
selected existing Indian mobile telecommunication operators with regards to
creating a new business venture.

India remains a key target market for e-pay Asia as it is one of the largest and
fastest growing e-payment markets in the world with mobile subscribers growing
by 97% from 75.94 million at end 2005 to 149.5 million at end 2006.*

The Board is confident of further progress in this territory.


*Telecom Regulatory Authority of India (TRAI).


For more information

If you are enquiring from Australia and New Zealand, please contact Jack Tan,
Director & Company Secretary of e-pay Asia Limited, on +614 1828 6266, +612 9283
8835 or [email protected] If you are enquiring from Asia or the Americas,
please contact Tan Yap Seng, Corporate Affairs of e-pay Asia Limited, on +6017
229 1616, +603 5632 2488 or [email protected]


If in the United Kingdom or other parts of Europe, please contact Shane Dolan,
Director of Biddicks in London, on +44 20 7448 1000 or
[email protected] For AIM related matters, please contact e-pay Asia
Limited's nominated adviser, David Newton, Corporate Finance Director of Seymour
Pierce Limited, on +44 20 7107 8336 or [email protected]


About EPY

e-pay Asia Limited (ASX/AIM: EPY), dual listed on Australia Stock Exchange and
the AIM segment of the London Stock Exchange, is a leading provider of prepaid
mobile airtime and electronic payment solutions in South East Asia.
Headquartered in Kuala Lumpur with its corporate office in Sydney, e-pay Asia
operates in Malaysia, Indonesia, Pakistan and Thailand. For more information on
the Company, please visit our corporate website www.epay-asia.com.





                      This information is provided by RNS
            The company news service from the London Stock Exchange
                                                                                                                  

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