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<B><P ALIGN="CENTER">SECURITIES AND EXCHANGE COMMISSION<br>
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): <B>December 17, 2003</P></B>

<B><P ALIGN="CENTER">ASIAN ALLIANCE VENTURES, INC.<br></B>
(Exact name of Registrant as specified in its charter)</P>

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<B><P ALIGN="CENTER">NEVADA</B></TD>
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<B><P ALIGN="CENTER">000-30013</B></TD>
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<B><P ALIGN="CENTER">98-0204780</B></TD>
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<P ALIGN="CENTER">(State or other jurisdiction of incorporation or organization)</TD>
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<P ALIGN="CENTER">(Commission File Number)</TD>
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<P ALIGN="CENTER">(I.R.S. Employer Identification No.)</TD>
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<B><P ALIGN="CENTER">THE EXCHANGE TOWER, P.O. BOX 427<br>
130 KING STREET WEST, SUITE 1800<br>
TORONTO, ONTARIO, CANADA M5X 1E3<br></B>
(Address of principal executive offices)</P>

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<B><P ALIGN="CENTER">(416) 966-1858<br></B>
(Registrant's telephone number, including area code)</P>

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<B><P>ITEM 5. &nbsp; &nbsp; OTHER EVENTS</P></B>

<P>On November 25, 2003, the Company changed its name from Asian Alliance Ventures, Inc. to <B>ASIA PAYMENT SYSTEMS INC.</P></B>

<B><br><P>ITEM 7. &nbsp; &nbsp; FINANCIAL STATEMENTS AND EXHIBITS</P></B>

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<P>Exhibit</TD>
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<P>Document Description</TD>
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<P>3.1</TD>
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<P>Amended Articles of Incorporation</TD>
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<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>

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<B><P>ASIAN ALLIANCE VENTURES, INC.<br>
</B>(Registrant)</TD>
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<B><P>Date: December 17, 2003</B></TD>
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<P>/s/ Matt Mecke</TD>
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<P>Matt Mecke, President and Chief Executive Officer</TD>
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<P ALIGN="CENTER">-3-</P>
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Asian Alliance Ventures, Inc. Form 8-K for December 17, 2003
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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):
December 17, 2003
ASIAN ALLIANCE VENTURES, 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.)
THE EXCHANGE TOWER, P.O. BOX 427
130 KING STREET WEST, SUITE 1800
TORONTO, ONTARIO, CANADA M5X 1E3
(Address of principal executive offices)
(416) 966-1858
(Registrant's telephone number, including area code)
=====================================================================
ITEM 5.     OTHER EVENTS
On November 25, 2003, the Company changed its name from Asian Alliance Ventures, Inc. to
ASIA PAYMENT SYSTEMS INC.
ITEM 7.     FINANCIAL STATEMENTS AND EXHIBITS
Exhibit
Document Description
3.1
Amended Articles of Incorporation
-2-
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.
ASIAN ALLIANCE VENTURES, INC.
(Registrant)
Date: December 17, 2003
/s/ Matt Mecke
Matt Mecke, President and Chief Executive Officer
-3-