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      PAY.ON AG
      Annett van de Bunt
      Head of Marketing
      Grillparzer Straße 18
      D-81675 Munich
      Germany
      T:  +49 (89) 45 230-552
      F:  +49 (89) 45 230-553
      M:  +49 (162) 27 962 62
      E: press@payon.com

Munich, 12.05.2010

PAY.ON to win new client in Asia

PAY.ON, leading provider of global payment technologies, has won their first client in the Philippines. Yehey, the Philippine’s largest wholly-owned digital marketing solutions company, will employ PAY.ON services and technologies.

PAY.ON AG, leading provider of payment and risk management technologies and global processor of online payment transactions, announced Yehey Digital Group as a new client. Yehey operates a popular search engine service as well as online marketing services. It is the second most visited Philippine site. To meet their clients’ increasing e-commerce ambitions, the company has decided to offer payment services. Through PAY.ON’s international network, Yehey has been connected to Banco de Oro, the largest credit card acquirer.

Robert Kuzelj, CEO of PAY.ON, states: “We are happy to have Yehey as a new Asian client and our first one in the Philippines. We know our technology is ideally suited for the Asian market, as we offer a huge network of acquiring banks and payment schemes for Asian PSPs and merchants. We are used to implement local payment scheme methods in a very short time.”

Donald Patrick Lim, President and CEO of Yehey Corporation (Pasig, Metro Manila) emphasises: “Yehey has decided to extend its services into the payment space with its newly established Internet Payment Service Provider Divison KABAN™  Internet Payment Solutions. We quickly realised the need for a state-of-the-art payment technology solution to keep our high standards and fulfill the needs of our merchants locally as well as globally. With PAY.ON, we are able to unlock a broad spectrum of reliable and secure internet payment services. Their Software as a Service (SaaS) concept allows us to fully focus on our sales and marketing competence for the sake of our growing number of merchants demanding easy-to-use and risk-minimised payment services.”

Yehey will be using PaySourcing, a modular platform for global payment outsourcing and a reliable and efficient processing of all payment procedures, for their merchant business.