ASAP Transaction Processing Wins Best Innovation Award

Payment Technology Awarded in China’s Payment System Technology Category

Hong Kong, Oct 31, 2012 – (ACN Newswire) – ASAP Transaction Processing Corporation Limited (ASAP TP), Asia’s leading transaction processing technology provider, was awarded the Payment System Technology Innovation Award at the 2nd Annual Payment Innovation (China) Convention 2012 in Shanghai. The award recognizes companies with most innovative solutions and practices in the payment and card processing field and encourages new and significant technologies to emerge.

All entries were evaluated by an expert panel of judges including prominent members and experts from the cards and payments industry. Up to six local and international finalists were shortlisted for each of the categories.

“We’re delighted to win this important industry award and to be recognized by PICC. It confirms that ASAP TP, with its innovative solutions, is a recognized frontrunner of establishing new benchmark for the deployment of transaction processing solutions,” said Ajmal Samuel, President and CEO of ASAP Transaction Processing.

About Payment Innovation Awards

The payments landscape continues to evolve and innovation has become the theme of this industry. Following the huge success of the 1st Annual Payment Innovation (China) Summit 2011 last year the 2nd Annual Payment Innovation (China) Convention took place in Shanghai, China from Oct. 17th-19th, 2012. The Payment Innovation Awards ceremony was held on Oct 18th, 2012.

About ASAP Transaction Processing

ASAP Transaction Processing is a creative game changer in the payment field that provides innovative transaction processing technology, products and services aiming to revolutionize the payment ecosystem. ASAP TP’s flagship novapay technology provides seamless exchange among financial institutions, merchants, and consumers with new connectivity, high speed payment processing, real-time merchant dashboard reporting and smart mobile wallets to satisfy payment, loyalty, and virtual-to-physical (V2P) needs. ASAP TP brings convergence to payment and technology, from point-of-sales, on/offline, mobile, payment and non-payment, all together onto a single platform. Please visit us atwww.asaptp.com.

Contact:

Carol Ho | Senior Marketing and Account Executive |

ASAP TRANSACTION PROCESSING

M: +852 9721 7681 | T: +852 3628 3341 | F: +852 2169 3326

E: carol.ho@asaptp.com