| Name      Of Subsidiaries Or Associated Companies | Country      of Incorporation                    | Effective      % Holding                        |
|---------------------------------------------------|--------------------------------------------------|-------------------------------------------------|
|                                              |                                             |                                            |   |   |
| Asia      Payment Systems (HK) Ltd                | Hong      Kong, SAR, China                       |                                            | 100% |   |
| Asia      Payment Systems (China) Co. Ltd.        | Shanghai,      China                             |                                            | 100% |   |
| Asia      Payment Systems Pte. Ltd.               | Singapore                                        |                                            | 100% |   |
| Welway      Developments Ltd.                     | Hong      Kong, SAR, China                       |                                            | 100% |   |
| Cardtrend      Systems Sdn. Bhd.                  | Kuala      Lumpur, Malaysia                      |                                            | 100% |   |
| Cardtrend      Inc.                               | Nevada,      USA                                 |                                            | 100% |   |
| Global      Uplink Ltd.                           | Hong      Kong, SAR, China                       |                                            | 100% |   |
| Global      Uplink Inc.                           | Nevada,      USA                                 |                                            | 100% |   |
| Interpay      International Group Ltd.            | British      Virgin Islands                      |                                            | 100% |   |
|                                              | Subsidiaries      & Associated Companies of  |                                            |   |   |   |
|                                              | Interpay      International Group Ltd.           |                                            |   |   |   |
|                                              | Interpay      Asia Sdn. Bhd.                     | Kuala      Lumpur, Malaysia                     |   | 100% |   |
|                                              | Interpay      International Franchising Ltd.     | British      Virgin Islands                     |   | 100% |   |
|                                              | Intterpay      International Associates Ltd.     | British      Virgin Islands                     |   | 100% |   |
|                                              | Interpay      International Resources Ltd.       | British      Virgin Islands                     |   | 100% |   |
|                                              |                                             | Associated      Companies of Interpay           |   |   |   |   |
|                                              |                                             | International      Resources Ltd.               |   |   |   |   |
|                                              |                                             | Synergy      Cards Sdn. Bhd.                    | Kuala      Lumpur, Malaysia |   | 20% |   |
|                                              |                                             | iSynergy      Sdn. Bhd.                         | Kuala      Lumpur, Malaysia |   | 20% |   |
|                                              |                                             |                                            | Subsidiaries      Of iSynergy Sdn. Bhd. |   |   |   |   |
|                                              |                                             |                                            | RewardStreet.Com      Sdn. Bhd. | Kuala      Lumpur, Malaysia |   | 20% |   |
|                                              |                                             |                                            | Cosmocourt.com      sdn. Bhd. | Kuala      Lumpur, Malaysia |   | 20% |   |
|                                              |                                             |                                            | Datakey      Sdn. Bhd. | Kuala      Lumpur, Malaysia |   | 20% |   |
|                                              | Interpay      International M-Commerce Pte. Ltd. | Singapore                                       |   | 100% |   |
|                                              | Payment      Business Solutions Sdn. Bhd.        | Kuala      Lumpur, Malaysia                     |   | 100% |   |
|                                              | Etop      International Pte. Ltd.           | Singapore                                       |   | 100% |   |
|                                              |                                             | Subsidiary      of Etop International Pte. Ltd. |   |   |   |   |
|                                              |                                             | Etop      Services (Malaysia) Sdn. Bhd.         | Kuala      Lumpur, Malaysia |   | 60% |   |
|                                              |

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