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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


                               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

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

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