EPY E-Pay Asia

RNS Number:2982V
e-pay Asia Limited
23 April 2007

ASX/AIM: EPY


                  Significant Malaysian Government Appointment


Sydney 23 April 2007


e-pay Asia Limited's ("EPY") 60% owned subsidiary, e-pay (M) Sdn Bhd ("e-pay
Malaysia"), is pleased to announce that it has been selected by the Malaysian
Ministry of Electricity Water and Communication (MEWC) as a technology partner
to participate in a programme to develop IT and Digital communication
infrastructures in rural areas.

The Ministry is planning to set up 250 Community Service and Knowledge Centres
("CSKC") initially, with the aim of rolling out a further 250 centres in due
course. These sites will provide the local community with access to a range of
IT and Communication services, such as the internet as well as access to e-pay
Asia's prepay mobile services.

This is a significant development for e-pay Asia with the potential to generate
significant net fee incomes as the contract allows the Company to install its
terminals across all CSKC sites, and begin targeting a valuable new customer
base.

The initial roll out of CSKC sites begins in May 2007 and will be completed by
October 2007 with the additional roll out of a further 250 sites completed by
mid 2008.


EPY Executive Director, Dato' Hassan, commented:

"We are delighted with this appointment, which endorses yet again the strength
of e-pay Asia's product and services. This new corporate distribution channel
strengthens our position as Malaysia's leading supplier of electronic prepaid
products and underpins our growth in the region."


For more information

Australia
Jack Tan                e-pay Asia Limited       +614 1828 6266 / +612 9283 8835
Company Secretary                                jtan@epay-asia.com


Asia / Americas
Tan Yap Seng            e-pay Asia Limited       +6017 229 1616 / +603 5632 2488
Corporate Affairs                                investor@epay-asia.com
                  

UK / Europe
David Newton, NOMAD     Seymour Pierce           +44 20 7107 8336
                                                 davidnewton@seymourpierce.com

Shane Dolan             Biddicks                 +44 20 7448 1000
                                                 shane.dolan@biddicks.co.uk


About the Malaysian Ministry of Electricity, Water and Communication

The Ministry of Energy, Water and Communications (MEWC) was established on March
27, 2004 following Malaysia's new cabinet line-up, hence replacing the Ministry
of Energy, Communications and Multimedia. The Ministry's role is to administer
and manage the nation's energy, communications (infrastructure), postal services
and water functions. For more information on the Ministry, please visit the
ministry website www.ktak.gov.my.


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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