EPY E-Pay Asia

RNS Number:0363G
e-pay Asia Limited
22 October 2007


ASX / AIM: EPY

                               e-pay Asia Limited
                  ("e-pay Asia," the "Company" or the "Group")

                                Business Update

Following a review of e-pay Asia's business, as detailed in the trading update
of 11th July, the Board has decided to close its Indonesian operations. This
decision was taken as a result of the increasing complexities and challenges
faced by the Company operating within Indonesia.

The guidance provided to the market in its interim results announcement of 31st
August 2007 with regards to full year expectations remains unchanged.

e-pay Asia's core business in Malaysia continues to perform well and good
progress is being made towards entering new markets, which will provide the
Company with significant opportunities.

The Board remains confident of future prospects with further announcements
regarding new markets expected in due course.

For more information:

Australia
Jack Tan, Company Secretary   e-pay Asia        +614 1828 6266 / +612 9283 8835
                              Limited            
                                                jtan@epay-asia.com
                                                --------------------
Asia / Americas
Tan Yap Seng, Corporate       e-pay Asia        +6017 229 1616 / +603 5632 2488
Affairs                       Limited            
                                                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
                                                ----------------------------




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

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