PayEasy Extends Philippine E-Commerce to China, Taiwan and Thailand

Makati, Philippines, August 28, 2008 --(PR.com)-- Mozcom PayEasy Online Payment System (“PayEasy”) continues to expand its regional presence. It recently partnered with Ecapay, a leading payment solutions provider in Asia to accept local payments from China, Thailand and Taiwan via online direct debit from the customer’s bank account. With this development, Philippine-based PayEasy merchants now have the added option of receiving payments from more people in Asia, who may not have or want to use a credit card for online transactions.

"We are excited to be working with a regional player like Ecapay. We share the same dream of developing intra-Asian E-Commerce by providing the infrastructure and encouraging the use of online payments," said Dick Chiang, Mozcom COO/CTO. "The online customer will pay the local online merchant in their home currency of Chinese Yuan (CNY), Taiwan Dollar (TWD) or Thai Baht (THB), and our system will apply the necessary currency conversion in real-time."

Intra-Asian e-commerce is expected to boom in the next few years with regional initiatives such as the ASEAN Free Trade (AFTA) Area, and similar economic cooperation agreements with more developed neighbors like Japan, South Korea, Taiwan and China. By preparing themselves as early as now, Philippine-based online merchants will reap the benefits of increased trade and tourism that will happen soon.

Ecapay (www.ecapay.com) is operated by Wheaton Global Ltd., a privately funded company grounded in banking and specializing in Asia payment solutions. Its strong team of technical developers based in Asia are specialized in payment solution and banking services and utilizes state-of-the-art IBM technology. Ecapay has formed strategic partnerships with major banks and carriers. Its payment network connects all the major banks, carriers and merchants, allowing online and offline users to make payments anywhere anytime, saving time and money.

Mozcom PayEasy is the most comprehensive online payment system in the country today supporting all major credit cards (Visa, MasterCard, American Express, Discover, JCB, Diners Club), BancNet and MegaLink ATM cards, PayPal, China UnionPay, Globe G-Cash, Smart Money, Western Union, over-the-counter bank deposits, and direct account debit with major banks in China, Malaysia, Thailand and Taiwan. For more information, visit www.payeasy.ph or call +63(2)848-2606.

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