Document:

SERVICE AGREEMENT

This  Services  Agreement (the "Agreement") is made as of December 14, 2004 (the
"Effective  Date")  by  and  between  Asia  Payment  Systems,  Inc.,  a  Nevada
corporation,  having  a  principal  place  of  business at 800 5th. Avenue #4100
Seattle,  WA  98104  USA  ("API")  on  the  one  hand,  and  Max to One, a Tokyo
corporation  having  its  principal  place  of business at 7F, Lapiross Roppongi
Bldg.,  6-1-24,  Roppongi,  Minato-ku,  Tokyo,  Japan ("MTO"), on the other hand
(each  a  "party"  and  collectively  the  "parties"),  as  follows:

ARTICLE 1      PURPOSE.

The  purpose of the Agreement is to realize the transmission of card transaction
data  for  both  authorization  and settlement between API and MTO merchants set
forth  in the Statement of Work attached hereto as Exhibit "A" ("Services").  It
is  the  intent  of  both  parties  that  MTO  will  provide Sales and Marketing
activities  in  Japan  for  the  purpose of processing the transactions from MTO
Sales/Marketing  efforts in Japan to Asia Pay for processing of credit card (and
debit card where applicable) transactions.

ARTICLE 2      RESPONSIBILITY.

Both Parties shall cooperate on a timely basis and perform activities to fulfill
its  obligations  and  responsibilities  under this Agreement. In addition, each
party  shall  be  responsible  for  the  following:

     2.1. API's  responsibility

          a.   Transmission  of  credit  transaction  data  (authorization  and
               settlement)  generated  at  the  merchants  utilizing  POS system
               authorized  by  API  to  the  network operated by GP Net for data
               transmission  between  merchants  and  card  issuers/acquirers
               ("GPNET").

          b.   Other related services deemed necessary.

     2.2. MTO's  responsibility

          a.   "Acquisition"  as  an  acquiring  agent  of merchant accounts via
               Sales  and  Marketing  efforts  in  Japan such that MTO merchants
               will  subsequently  transmit  sales  transactions to Asia Pay for
               processing and settlement.

          b.   MTO  will  further provide advice and support to MTO merchants on
               an  ongoing  basis  and  will  be  the  first line of contact for
               issues  or  questions  from  MTO  merchants  as  to  processing
               capabilities and applications.

          c.   Other related services deemed necessary.

ARTICLE 3      PRIVACY AND INFORMATION SECURITY.

The  parties  acknowledge  and  agree that transaction data includes information
that  is  subject  to

<PAGE>
applicable  law  related  to  the  use  of  transaction  data, including the Law
Concerning  the  Protection  of  Private Information and associated regulations.
Parties  shall  not  use transaction data, nor shall it duplicate or incorporate
transaction  data  into  its  own  records  or  databases,  except to the extent
necessary to perform the services and its other obligations under the Agreement.

ARTICLE 4      CONFIDENTIALITY.

     4.1. MTO  shall  not  disclose  any  confidential information of API to any
third parties other than directors, executives, employees, agents, affiliates or
subsidiaries  of MTO, or use any such information for any purpose other than for
the  purpose of performing the Services. MTO shall maintain any such information
in  confidence  using  the  same  degree  of care as it takes to protect its own
confidential  and  proprietary  information of similar type and value, but in no
event  less  than  a  reasonable  degree  of  care.

     4.2. "Confidential  Information,"  as  used herein shall mean any technical
and  commercial information, patent, copyright, computer programs, trade secret,
business  models,  know-how  and  processes  of  the  disclosing  party which is
disclosed  hereunder  in  tangible form and prominently marked "confidential" or
"proprietary"  or  disclosed  orally,  provided such disclosure is identified as
"confidential"  or  "proprietary"  and  subsequently  described  in  writing and
delivered  to  the  receiving  party within thirty (30) days of oral disclosure.

     4.3. API  shall  not disclose to any third parties Confidential Information
of  MTO acquired through receiving the Services, or use such information for any
purpose  other  than  the  transaction contemplated hereunder, without its prior
written  consent.

     4.4. The  obligations  provided  in  this  article  shall  not apply to the
information  that (i) is owned or possessed by the receiving party without owing
any  obligations  to keep it in confidence, (ii) is legitimately acquired from a
third  party  without  owing  any obligations to keep it in confidence, (iii) is
independently  developed  without  reference  to  information  provided  by  the
disclosing  party,  (iv) is of public domain prior to the date of this Agreement
or  subsequently  becomes public domain through no fault of a receiving party or
(v) is provided without being marked or identified as confidential in accordance
with  the  second  paragraph  of  this  article.

     4.5. Upon  termination or expiration of this Agreement, the receiving party
shall, at the selection of the disclosing party, return all documents, materials
and  any other media containing Confidential Information to the disclosing party
or  destroy  them.

ARTICLE 5      LIMITATION OF LIABILITY.

In  no  event  shall either party hereto be liable to any other party hereto for
any  special, indirect, consequential, punitive or incidental damages (including
but  not limited to damages for loss of profits) arising out of or in connection
with this Agreement, regardless of forms of action, whether by contract, tort or
otherwise,  even  if  it  was  or  should  have  been  aware  or  advised of the
possibility  of  such  damages.

                                        2
<PAGE>
ARTICLE 6      FORCE MAJEURE.

     6.1. Neither  party  shall  be  liable  for  any  default  or  delay in the
performance of its obligations under this Agreement (i) if such default or delay
is  caused,  directly  or  indirectly,  by  fire, flood, earthquake, elements of
nature  or  acts of God or any other cause beyond the reasonable control of such
party;  and  (ii) provided the non-performing party is without material fault in
causing  such  default  or  delay  and such default or delay could not have been
prevented  by  reasonable  precautions.  In such event, the non-performing party
shall  be excused from further performance or observance of the obligation(s) so
affected  for  as long as such circumstances prevail and such party continues to
use  its  best  efforts  to recommence performance or observance whenever and to
whatever  extent possible without delay. Any party so delayed in its performance
shall  immediately  notify the party to whom performance is due by telephone (to
be  confirmed  in  writing within two (2) business days of the inception of such
delay)  and  describe  in  reasonable  detail the circumstances surrounding such
delay.

     6.2. If  any  event under Section 7.1 substantially prevents, for more than
thirty  (30) consecutive days, the performance of the Services necessary for the
conduct of those business functions, at its option, either party may elect, by a
written  notice,  to  terminate  this  Agreement  without liability to the other
party.

ARTICLE 7      TERM OF AGREEMENT.

The  term  of  this  Agreement  shall become effective on December 14, 2004, and
shall  remain  in  effect  for  a  period of 3 (three) years from such date, and
thereafter  shall  be  automatically  extended for successive periods of 1 (one)
year  each, unless either party shall have otherwise notified to the other party
in  writing at least six (6) months prior to the expiry of this Agreement or any
extension  thereof.

ARTICLE 8      TERMINATION.

     8.1. Termination  by Breach.  In the event of any material breach by either
party  hereto  (the  "defaulting party"), and if such breach is rectifiable, the
defaulting  party's failure to rectify such breach within thirty (30) days after
the other party hereto (the "non-defaulting party") giving written notice to the
defaulting  party,  the  non-defaulting  party  may  immediately  terminate this
Agreement  by  giving  written  notice  to  the  defaulting  party.

     8.2. Upon  written notice to the defaulting party, the non-defaulting party
may  immediately terminate this Agreement at any time upon the occurrence of any
or  more  of  the  following  events:  (i) attachment, provisional attachment or
provisional  disposition,  or  commencement  of  any proceedings for bankruptcy,
civil  rehabilitation, corporate rehabilitation, corporate adjustment or special
liquidation;  (ii)  dishonor  of  notes  or  checks,  or  disposition to suspend
transactions  with  banks is announced by the clearing house; (iii) announcement
of  default  of  tax payments due; (iv) suspension of payment, (v) suspension of
business or (vi) material change in the majority shareholders in or control over
one  party.

                                        3
<PAGE>
ARTICLE 9      ASSIGNMENT AND DELEGATION.

Neither  party  shall assign or transfer this Agreement or its rights under this
Agreement  without  prior  written  consent  by  other  party.

ARTICLE 10     INDEPENDENT CONTRACTOR.

The  relationship established between the parties is and shall always be that of
an  independent  contractor,  and nothing herein contained shall be construed to
give  to  either party any right as an employee, agent, partner or joint venture
for  or with the other party or to entitle either party to control in any manner
the  conduct  of  the  other  party's  business.

ARTICLE 11     ENTIRE AGREEMENT.

This Agreement constitutes the entire agreement between the parties hereto as to
the  subject  matter  of  this Agreement and shall supersede any written or oral
discussion  or  any other agreement between the parties concurrent with or prior
to  the  date  of  this  Agreement.

ARTICLE 12     GOOD FAITH DISCUSSION.

Both  parties  shall  discuss in good faith and exert best efforts to settle any
disputes  amicably  as to the matters not provided for herein or any doubt as to
interpretation  of  the  provisions  of  this  Agreement.

ARTICLE 13     DISPUTE RESOLUTION.

Any dispute arising out of or in connection with this Agreement shall be settled
by  arbitration, unless such dispute is not resolved in good-faith discussion as
provided  in  the  preceding  article.  The  arbitration shall be held in Tokyo,
Japan,  in  accordance  with  the  laws of Japan.  The award of such arbitration
shall  be  final  and  binding  upon  the  parties  hereto.

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<PAGE>
                                     EXHIBIT
                                Statement of Work

MTO Service
-----------

1.   Sales and Marketing.

MTO  will  provide  all  sales  and  marketing  activities necessary in Japan to
provide  merchant  acquiring  agreements  such  that  all  credit  card  sales
transactions  from  such  merchants  will  be  processed  by  Asia  Pay.

2.   Merchant Support.

MTO  will  provide  all  MTO  merchants  with customer service and support on an
ongoing  basis  to ensure MTO merchants continue to use and upgrade the services
offered  by  current and future credit card transaction applications provided by
Asia  Pay.

3.   Minimum Volume Commitment.

MTO  will  commit to provide a sales volume per month which will be processed in
Japan  by Asia Pay.  Both parties are to agree upon a volume commitment from MTO
which  will  be  committed  to  as  part  of  a  follow  on  agreement.

API Service
-----------

Transmit  card  transaction  data  for  authorization and settlement to GPNet in
accordance  with  the  format  provided  in  GPNet  Document.

API  will  provide MTO with an exclusive merchant sales opportunity for a period
of 12 months which will begin March 1, 2005.  During this 12 month period, other
than  enquiries  received by GP Net and e-Lux Corporation of Japan, API will not
cooperate  with  and  will not accept sales or marketing arrangements for future
credit  card transaction processing business on an agency basis from any firm in
Japan  other  than  MTO.

                                        5
<PAGE>
     IN  WITNESS  WHEREOF,  the  parties  have  executed  this  Agreement.

AGREED AND ACCEPTED:                    AGREED AND ACCEPTED:

MATT MECKE                              KATSUYA HAYASHI

____________________________________    ____________________________________
Authorized Signature                    Authorized Signature

Matt Mecke                              Katsuya Hayashi

____________________________________    ____________________________________
Name (Typed or Printed)                 Name (Typed or Printed)

President & CEO                         President & CEO

____________________________________    ____________________________________
Title                                   Title

                                        6
<PAGE>
                                    ADDENDUM

Further  to  the  Agreement  entered  on  August  28, 2004, between Asia-Payment
Systems,  Inc.  (hereafter  "API") and GP Network Corporation (hereafter "GPN"),
both  parties  hereby  agree  as  follows:

1.   API  and  GPN  share  the  common  goal,  i.e.  to  increase  volume  of
     transactions  delivered  from  merchants  to  acquirers/issuers  through
     connections established between API and GPN.

2.   API  shall  transmit  card  transaction  data  for  authorization  and
     settlement  to  GPN  through  an IP gateway connection utilizing the TCP/IP
     Link  Software  Package  (hereafter  referred  to  as  "CAPS"  developed in
     accordance with the message format specified by GPN.

3.   Both  parties  acknowledge  that:

     (a)  API  is  committed  to  expand  the  customer  base  deploying  IP
          solutions  developed by API in Japan, and that API shall transmit card
          transaction  data  to GPN from multiple merchants through the existing
          CAPS connection;

     (b)  GPN  shall  work  closely  with  API  to  ensure such card transaction
          data  is delivered to appropriate card issuers/acquirers in accordance
          with local rules and practices.

4.   In  order  to  achieve  the  common  goal, GPN shall operate and maintain 1
     (one)  set  of  CAPS  for exclusive use by API. In addition, GPN shall take
     full responsibility of all maintenance and updating of CAPS.

5.   In  lieu  of  performing  the  services  associated  with  CAPS,  GPN shall
     charge API a monthly service fee as described in the attached fee schedule.

6.   GPN  shall  reserve  its  rights  to  negotiate  with  API  for  data
     transmission  fees on the transactions generated by CAPS users that API may
     bring in.

7.   Expenses  related  to  the  use  of  telecommunication lines, regardless of
     type  of  lines,  which access GPN's backbone network shall not be borne by
     GPN.  The  market  practice  in Japan is that the parties transmitting to a
     payment  network  company's  backbone  will  incur  such  telecommunication
     expenses.

8.   Both  parties  shall  resolve  any  technical  issues  before  the intended
     service  launch  when API brings new merchants who are deploying the API IP
     solution.  The  transaction  data  from  each  merchant through API must be
     formatted  as  required  by  GPN  in  order  for GPN to identify from which
     merchant each transaction has originated.

          In witness whereof, the parties have executed this addendum.

                                        7
<PAGE>
Date:
January 27, 2005

Signed:
Asia Payment Systems Inc.

____________________________________
Matt Mecke

GP Network Corporation

____________________________________
Hitoshi Kondo

                                        8AGREEMENT

                                     BETWEEN

                          SHANGHAI CRC TELECOM CO., LTD

                                       AND

                               ASIA PAYMENTS INC.

<PAGE>
THIS AGREEMENT ("AGREEMENT") IS MADE ON THE SEPTEMBER 22, 2004

BETWEEN:

(1)  SHANGHAI  CRC  TELECOM  CO., LTD of 7F, 88 Hua Yan Rd, Shanghai 200083, The
     People's  Republic  of  China  (hereafter  referred  to  as  "SCRC")

     SCRC  is  a  subsidiary  of  China  Sino-Railcom Corporation and a licensed
     Telecommunication  and  added  value  services  provider  in  China.

(2)  ASIA  PAYMENTS,  INC.  a  Delaware  corporation  with  its principal office
     located  at  704  N.  King  Street  Suite 500, Wilmington, Delaware, U.S.A.
     (hereafter  referred  to  as  "APYM");

     ASIA  PAYMENTS  INC.  is a company incorporated in the United States and is
     engaged  in  providing  credit  card processing system services and related
     applications.  Asia  Payments Inc. is a wholly owned Delaware subsidiary of
     ASIA  PAYMENT  SYSTEMS,  INC.  (NASD OTCBB: APYM);

NOW  IT  IS  HEREBY  AGREED  AS  FOLLOWS:-

1.   JOINT  CO-OPERATION  AGREEMENT

                                        1
<PAGE>
     The  parties  agreed  to  form a partnership in pursuing the joint business
     opportunities  in  the  China,  which  will  include but not be limited to,
     creation and implementation of an international standard file format credit
     bureau  system  for  the  purpose of gathering, storing, and selling credit
     file  data  to  clients  both  in  China  and  abroad.  The  Joint Business
     Opportunity  intends  to  provide  professional  merchant  credit  card and
     loyalty  card  processing  and  credit  bureau  services  to  merchants and
     financial  institutions  in  China.

     The  parties  agreed  that  immediately after the signing of this Agreement
     APYM  will authorize SCRC to jointly launch a Nine (9) month pilot project,
     to explore the most feasible, cost effective, and efficient business models
     for  establishment  and  launching  of  card  processing  and credit bureau
     services  for  which APYM can become the sole service provider in China and
     which  may  also  move  towards a Co-operative Joint Venture (CJV) or other
     formal  partnership  set  up.

     The  parties agree it is the common goal for the joint co-operation and the
     (CJV)  to  become the premier international payment system service provider
     in  China. The parties intend to provide international standard, individual
     and  business credit bureau files as well as payment processing services to
     government  agencies,  consumers,  merchants, and financial institutions in
     China  and  abroad.

2.   PILOT  PROJECT

                                        2
<PAGE>
     The parties agreed, upon execution of this agreement, to conduct a Nine (9)
     month  pilot  project  based  on  the  terms  of the "Pilot Project Service
     Agreement"  (See  Appendix  A):

     The  pilot  project  is  defined  as  follows:

               a)   To create and implement an international standard individual
                    and  business  credit  reference  service platform which can
                    process  up to 1.2 million files, starting with a minimum of
                    300,000  files  for  the storage, packaging and sales to the
                    foreign  credit  agencies  and/or  financial  institutions.
                    (See  APPENDIX  B:  Pilot  Project  -  Credit  Bureau)

               b)   To  establish  "Payment  processing"  point  of  services at
                    strategic  locations to be determined by parties for payment
                    processing  and  collection  of  relevant  fees.
                    (See  APPENDIX  C:  Pilot  Project  -  Payment  Processing)

     APYM  will  provide  up  to USD 1,200,000  investment for the pilot project
     services.

     SCRC  will  provide  all  licenses  and  permits required and necessary for
     conducting  business  and services. In addition, SCRC will provide services
     to the pilot project which include, but not limited to facilities, offices,
     telecommunication  network

                                        3
<PAGE>
     and  equipment,  technical  and  staff  support,  marketing  and  promotion
     assistance  and  other support and services where needed for implementation
     of  the  pilot  projects.

     APYM  will  provide  business  plans, operational management, project know-
     how,  technical  supervision,  staff  training,  international  standard
     technology  and  international  business  interface  file  setup  and
     implementation.

     The  parties  agree  an  initial USD 300,000 shall be funded into the pilot
     project  in  phrases as SCRC performing services as per the terms set forth
     in  "APPENDIX  A".  The  parties will review the pilot project business and
     implementation  at  the  end  of  the  Sixth  (6th) month to decide the way
     forward  for  joint  business  co-operation.

4.   CONFIDENTIALITY

     The  parties  acknowledge  that  they  may  obtain  certain  Confidential
     Information  (whether  in  documented form or otherwise) from each other in
     pursuance  of  this  Agreement,  and which information is of a commercially
     sensitive  and/or  confidential  nature.  Therefore,  the  "NON-DISCLOSURE
     AGREEMENT"  which  the parties executed on August 12th, 2004 will remain in
     full  enforce  until  further  agreement  to  be  reached.

                                        4
<PAGE>
5.   INTELLECTUAL  PROPERTY

5.1  Neither  party assigns any of its intellectual property rights to the other
     under  this  Agreement. Any intellectual property rights in any software or
     content  developed or provided by either party remains the sole property of
     that  party.  Both  parties agree that they shall not use the other party's
     trade  marks,  service  marks,  trade  names  and/or  logos  in  any manner
     whatsoever  without  the  prior  written  consent  of  the  other  party.

5.2  It  is  further  agreed  and declared by both parties that any intellectual
     property  rights  arising out of the use of the Confidential Information or
     any  existing  intellectual property of the Disclosing Party whether by the
     Disclosing  Party  or  by  the  Recipient,  the  same shall be the absolute
     property  of  the  Disclosing  Party  and  the Recipient shall execute such
     required  documentation  and  to  do such act as reasonably required by the
     Disclosing Party to give effect to this proprietary right of the Disclosing
     Party.

6.   ASSIGNMENT.

                                        5
<PAGE>
     Neither  party  shall  assign  this  Agreement  or any interest herein, nor
     delegate  any obligation hereunder without the prior written consent of the
     other  party.

7.   GOVERNING  LAW.

     This  Agreement,  together with its Appendix, shall be governed by the laws
     of  the  People's  Republic  of  China.  For  the  avoidance of doubt, this
     agreement  will  be  governed  throughout the entirety of this agreement by
     using  Chinese  as  a basis for determination of the intent of both parties
     and the legality of the clauses herein. Use of another language within this
     agreement  will  serve  only  as a means to facilitate understanding by all
     parties.

8.   LIMITATION  OF  LIABILITY.

     In  no  event  shall  either  party  be liable for indirect, consequential,
     incidental,  special  or punitive damages, or for loss of use, lost profits
     or  loss  of  goodwill,  whether  arising  under theories of contract, tort
     (including  negligence)  or  otherwise.  Each  party's  total  liability
     hereunder,  shall  not  in  the  aggregate  exceed  any  sums  due  or paid
     hereunder.

                                        6
<PAGE>
9.   HEADINGS.

     The  headings  in  this letter are intended principally for convenience and
     shall  not,  by  themselves,  determine  the  rights and obligations of the
     parties  to  this  Mandate.

10.  NOTICES.

     All  notices,  requests,  demands, and other communications required by, or
     made in connection with, this agreement or the transactions contemplated by
     this  agreement,  shall be in writing and shall be deemed to have been duly
     given  on the date of delivery, if delivered in person, or three days after
     mailing  if mailed by certified or registered mail, postage prepaid, return
     receipt  requested,  addressed  as  follows:

     If  to  APYM:     c/o  Asia  Payment  Systems
                       Rm.  1011-1013,  B&H  Plaza
                       No.  27,  Industry  Ave. Shekou, Shenzhen
                       Guangdong  Province,  P.  R.  China   Post  Code:  518067
                       or  by  fax  to:
                       (86)  755  26857452

     If  to SCRC:      The address listed in this agreement or by fax to:
                       (86)  21-51027979.

                                        7
<PAGE>
11.  SEVERABILITY.

     If  any  provision  of  this  agreement is held to be unenforceable for any
     reason,  such  provision shall be adjusted rather than voided, if possible,
     in  order  to  achieve  the  intent  of  the  parties to the maximum extent
     possible.  In  any  event,  all  other provision of this agreement shall be
     deemed  valid  and  enforceable  to  the  full  extent  possible.

12.  WAIVER.

     The  waiver  of  any  term  or condition contained in this Agreement by any
     party  shall not be construed as a waiver of a subsequent breach or failure
     of  the  same  term or condition or a waiver of any other term or condition
     contained  in  this  Agreement.

13.  ENTIRE  AGREEMENT.

     This  agreement contains all of the terms and conditions agreed upon by the
     parties  Relating  to  the  agreement  and supersedes any and all prior and
     contemporaneous  Agreement, negotiations, correspondence, understanding and
     communications  of  the  parties,  whether  oral or written, respecting the
     subject  matter  hereof  except  for the NON-DISCLOSURE AGREEMENT signed by
     Asia  Payments  Inc. and Shanghai CRC Telecommunication Co., Ltd. on August
     12th,  2004.

                                        8
<PAGE>
Signed  for  and  on  behalf  of               Signed  for  and  on  behalf  of
Shanghai  CRC  Telecom  Co.,  Ltd              Asia  Payments  Inc.

Signed:                                        Signed: /s/ Matt Mecke
Name:                                          Name: Matt  Mecke

                                        9

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