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<TITLE>Asia Payment Systems Inc. Form 8-K for the period ended July 14, 2004</TITLE>
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<P ALIGN="CENTER">&nbsp;</P>
<B><P ALIGN="CENTER">SECURITIES AND EXCHANGE COMMISSION<br>
<P ALIGN="CENTER">WASHINGTON, D.C. 20549</P>

<P ALIGN="CENTER">FORM 8-K</P>
</B>
<P ALIGN="CENTER">Current Report Pursuant to Section 13 or 15(d) of<br>
The Securities Exchange Act of 1934</P>

<P ALIGN="CENTER">Date of Report (Date of earliest event reported): <br>
<B>July 14, 2004</P>
</B>
<B><font size=4><P ALIGN="CENTER">ASIA PAYMENT SYSTEMS, INC.<br></font>
</B>(Exact name of Registrant as specified in its charter)</P>

<P>&nbsp;</P>
<P ALIGN="CENTER"><CENTER><TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH=680>
<TR><TD WIDTH="35%" VALIGN="TOP">
<B><P ALIGN="CENTER">NEVADA</B></TD>
<TD WIDTH="31%" VALIGN="TOP">
<B><P ALIGN="CENTER">000-30013</B></TD>
<TD WIDTH="35%" VALIGN="TOP">
<B><P ALIGN="CENTER">98-0204780</B></TD>
</TR>
<TR><TD WIDTH="35%" VALIGN="TOP">
<P ALIGN="CENTER">(State or other jurisdiction of incorporation or organization)</TD>
<TD WIDTH="31%" VALIGN="TOP">
<P ALIGN="CENTER">(Commission File Number)</TD>
<TD WIDTH="35%" VALIGN="TOP">
<P ALIGN="CENTER">(I.R.S. Employer Identification No.)</TD>
</TR>
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<P ALIGN="CENTER">&nbsp;</P>
<B><P ALIGN="CENTER">800 5<SUP>th</SUP> Avenue <br>
Suite 4100<br>
Seattle, Washington 98104<br>
</B>(Address of principal executive offices)</P>

<P ALIGN="CENTER">&nbsp;</P>
<B><P ALIGN="CENTER">(206) 447-1379<br>
</B>(Registrant's telephone number, including area code)</P>

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<B><P>ITEM 7. EXHIBITS AND FINANCIAL STATEMENTS</P>
</B>
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<P>&nbsp;</TD>
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<B><P>Exhibit No. </B></TD>
<TD WIDTH="77%" VALIGN="TOP">
<B>
<P>Description</B></TD>
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<B>
</B><P>&nbsp;</TD>
<TD WIDTH="15%" VALIGN="TOP">
<P>99.1 </TD>
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<P>Press Release</TD>
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<P>&nbsp;</P>

<B><P>ITEM 9. REGULATION FD DISCLOSURE</P>
</B>

<P>Asia Payment Systems, Inc. (NASD OTCBB: APYM) today announced that it has signed a credit card processing services agreement with Duty Free Stores (DFS).  The July installation will support two existing DFS stores in Okinawa airport and then a new 110,000 square foot flagship Galleria store to be opened in downtown Naha in December 2004.</P>

<B><P ALIGN="CENTER">SIGNATURES</P>
</B>
<P>Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.</P>

<P>Dated this 14<SUP>th</SUP> day of July, 2004.</P>

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<P>&nbsp;</TD>
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<B><P>ASIA PAYMENT SYSTEMS, INC.<br>
</B>(Registrant)</TD>
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<P>&nbsp;</TD>
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<TR><TD WIDTH="42%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="58%" VALIGN="TOP">
<P>/s/ Charlie Rodriguez </TD>
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<P>&nbsp;</TD>
<TD WIDTH="58%" VALIGN="TOP">
<P>Charlie Rodriguez,<br>
Member of the Board of Directors</TD>
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Asia Payment Systems Inc. Form 8-K for the period ended July 14, 2004
=====================================================================
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
July 14, 2004
ASIA PAYMENT SYSTEMS, INC.
(Exact name of Registrant as specified in its charter)
NEVADA
000-30013
98-0204780
(State or other jurisdiction of incorporation or organization)
(Commission File Number)
(I.R.S. Employer Identification No.)
800 5
th
Avenue
Suite 4100
Seattle, Washington 98104
(Address of principal executive offices)
(206) 447-1379
(Registrant's telephone number, including area code)
=====================================================================
ITEM 7. EXHIBITS AND FINANCIAL STATEMENTS
Exhibit No.
Description
99.1
Press Release
ITEM 9. REGULATION FD DISCLOSURE
Asia Payment Systems, Inc. (NASD OTCBB: APYM) today announced that it has signed a credit card processing services agreement with Duty Free Stores (DFS).  The July installation will support two existing DFS stores in Okinawa airport and then a new 110,000 square foot flagship Galleria store to be opened in downtown Naha in December 2004.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Dated this 14
th
day of July, 2004.
ASIA PAYMENT SYSTEMS, INC.
(Registrant)
/s/ Charlie Rodriguez
Charlie Rodriguez,
Member of the Board of Directors