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<TITLE>ASIA PAYMENT SYSTEMS INC. Form8-K for August 30, 2004</TITLE>
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<B><P ALIGN="CENTER">UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION<br>
Washington, D.C. 20549</P></B>

<P ALIGN="CENTER">_________________________</P>

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

<P ALIGN="CENTER">Date of Report (Date of earliest event reported)<br>
<B>August 30, 2004</P></B>

<B><br><FONT SIZE=5><P ALIGN="CENTER">ASIA PAYMENT SYSTEMS INC.<br></B></FONT>
(Exact name of registrant as specified in its charter)</P>

<P ALIGN="CENTER"><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH=680>
<TR><TD WIDTH="47%" VALIGN="TOP">
<B><P ALIGN="CENTER">NEVADA</B></TD>
<TD WIDTH="29%" VALIGN="TOP">
<B><P ALIGN="CENTER">000-30013</B></TD>
<TD WIDTH="24%" VALIGN="TOP">
<B><P ALIGN="CENTER">98-0204780</B></TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP">
<P ALIGN="CENTER">(State or other jurisdiction of incorporation)</TD>
<TD WIDTH="29%" VALIGN="TOP">
<P ALIGN="CENTER">(Commission File No.)</TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="CENTER">(IRS Employer ID)</TD>
</TR>
</TABLE>
</CENTER>

<B><P ALIGN="CENTER">800 5<SUP>th</SUP> Avenue, Suite 4100<br>
Seattle, WA   98104<br></B>
(Address of principal executive offices and Zip Code)</P>

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

<P>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</P>

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<TR><TD WIDTH="7%" VALIGN="TOP">
<P>[ &nbsp; ] </TD>
<TD WIDTH="93%" VALIGN="TOP">
<P>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
</TR>
<TR><TD WIDTH="7%" VALIGN="TOP">
<P>[ &nbsp; ] </TD>
<TD WIDTH="93%" VALIGN="TOP">
<P>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
</TR>
<TR><TD WIDTH="7%" VALIGN="TOP">
<P>[ &nbsp; ] </TD>
<TD WIDTH="93%" VALIGN="TOP">
<P>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
</TR>
<TR><TD WIDTH="7%" VALIGN="TOP">
<P>[ &nbsp; ] </TD>
<TD WIDTH="93%" VALIGN="TOP">
<P>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD>
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<P>===================================================================================</P>

<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">&nbsp;</P>
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<hr>

<B><P>ITEM 7.01 &nbsp; &nbsp; REGULATION FD DISCLOSURE</P></B>

<P>Asia Payment Systems, Inc. (NASD OTC BB: APYM) is pleased to announce today that it has signed a credit card processing services agreement with Circle Telecom USA "CTUSA", a wholly owned subsidiary of Sun Innovation Holdings of Hong Kong.  </P>

<B><br><P>ITEM 9.01 &nbsp; &nbsp; FINANCIAL STATEMENTS AND EXHIBITS</P></B>

<P ALIGN="LEFT"><TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH=680>
<TR><TD WIDTH="14%" VALIGN="TOP">
<B><P>(c) </B></TD>
<TD WIDTH="86%" VALIGN="TOP" COLSPAN=2>
<B><P>Exhibits</B></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=3>&nbsp;</TD>
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<TR><TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<P>99.1</TD>
<TD WIDTH="75%" VALIGN="TOP">
<P>Press release</TD>
</TR>
</TABLE></P>

<P ALIGN="CENTER">&nbsp;</P>
<B><P ALIGN="CENTER">SIGNATURES</P></B>

<P>Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P>Dated this 30<SUP>th</SUP> day of August, 2004.</P>

<P ALIGN="CENTER"><CENTER><TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH=680>
<TR><TD WIDTH="38%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="62%" VALIGN="TOP" COLSPAN=2>
<B><P>ASIA PAYMENT SYSTEMS INC.</B></TD>
</TR>
<TR><TD WIDTH="38%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="62%" VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
</TR>
<TR><TD WIDTH="38%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="TOP">
<P>BY:</TD>
<TD WIDTH="56%" VALIGN="TOP">
<P>/s/ Charlie Rodriguez</TD>
</TR>
<TR><TD WIDTH="38%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="56%" VALIGN="TOP">
<P>Charlie Rodriguez, </TD>
</TR>
<TR><TD WIDTH="38%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="56%" VALIGN="TOP">
<P>Member of the Board of Directors.</TD>
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ASIA PAYMENT SYSTEMS INC. Form8-K for August 30, 2004
===================================================================================
UNITED STATES
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)
August 30, 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)
(Commission File No.)
(IRS Employer ID)
800 5
th
Avenue, Suite 4100
Seattle, WA   98104
(Address of principal executive offices and Zip Code)
(206) 447-1379
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[   ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[   ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[   ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[   ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
===================================================================================
ITEM 7.01     REGULATION FD DISCLOSURE
Asia Payment Systems, Inc. (NASD OTC BB: APYM) is pleased to announce today that it has signed a credit card processing services agreement with Circle Telecom USA "CTUSA", a wholly owned subsidiary of Sun Innovation Holdings of Hong Kong.
ITEM 9.01     FINANCIAL STATEMENTS AND EXHIBITS
(c)
Exhibits
99.1
Press release
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated this 30
th
day of August, 2004.
ASIA PAYMENT SYSTEMS INC.
BY:
/s/ Charlie Rodriguez
Charlie Rodriguez,
Member of the Board of Directors.