Asia Payment Systems Inc. (Asia Pay) reports that during March, the dollar volume and number of transactions processed by the company’s card processing systems increased significantly over prior months. Based on volume, March showed a 16% increase over February, which had a 16% increase in volume over January. In terms of the number of transactions, March showed a 16% increase over February, which had a 9% increase over January.
The three-month total of Asia Pay’s volume of transactions was more than $23 million (USD), for January through March 2005. For the same 3-month period, the total number of transactions processed using Asia Pay’s system approached 100,000 transactions.
“As we increase the scope of our deployments in China and Japan, we expect for the volume and number of transactions to continue to increase steadily,” said Matt Mecke, president and CEO of Asia Pay. “Asia Pay’s systems can handle volumes and numbers of transactions that are orders of magnitude greater than what we’re handling operationally at this stage. Our clients in China and Japan share our appreciation for the robustness, reliability, and scalability of our proprietary system, and share our enthusiasm for the market opportunities ahead.”