<HTML>
<HEAD>
<TITLE>ASIA PAYMENT SYSTEMS INC. Form 8-K for August 19, 2004</TITLE>
</HEAD>
<BODY BGCOLOR="#FFFFFF">

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

<P ALIGN="CENTER">&nbsp;</P>
<B><P ALIGN="CENTER">UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION<br>
WASHINGTON, D.C. 20549</P>

<P ALIGN="CENTER">FORM 8-K<br></B>
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>August 19, 2004</P></B>

<P ALIGN="CENTER">&nbsp;</P>
<B><FONT SIZE=4><P ALIGN="CENTER">ASIA PAYMENT SYSTEMS INC.<br>
</B></FONT>(Exact name of Registrant as specified in its charter)</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>
</TABLE>
</CENTER></P>


<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>

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

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

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

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

<P ALIGN="CENTER"><TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH=700>
<TR><TD WIDTH="8%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="15%" VALIGN="TOP">
<B><P>Exhibit No. </B></TD>
<TD WIDTH="77%" VALIGN="TOP">
<B><P>Description</B></TD>
</TR>
<TR><TD WIDTH="8%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="15%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="77%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="8%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="15%" VALIGN="TOP">
<P>99.1 </TD>
<TD WIDTH="77%" VALIGN="TOP">
<P>Press Release</TD>
</TR>
</TABLE>
</CENTER>

<B><br><P>ITEM 9. &nbsp; &nbsp; REGULATION FD DISCLOSURE</P></B>

<P>Asia Payment Systems, Inc. (NASD OTCBB: APYM) is pleased to announce today that it has signed a credit card processing services agreement with Telecom Innovation Limited "TIL", a wholly owned subsidiary of Sun Innovation Holdings (HKSE #547) of Hong Kong.</P>

<P ALIGN="CENTER">&nbsp;</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, 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 19<SUP>th</SUP> day of August, 2004.</P>

<P ALIGN="CENTER"><TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH=680>
<TR><TD WIDTH="42%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="58%" VALIGN="TOP">
<B><P>ASIA PAYMENT SYSTEMS INC.</B></TD>
</TR>
<TR><TD WIDTH="42%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="58%" VALIGN="TOP">
<P>(Registrant)</TD>
</TR>
<TR><TD WIDTH="42%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="58%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="42%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="58%" VALIGN="TOP">
<P>/s/ Charlie Rodriguez</TD>
</TR>
<TR><TD WIDTH="42%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="58%" VALIGN="TOP">
<P>Charlie Rodriguez,</TD>
</TR>
<TR><TD WIDTH="42%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="58%" VALIGN="TOP">
<P>Member of the Board of Directors</TD>
</TR>
</TABLE>
</CENTER>

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

</BODY>
</HTML>
[{"type": "8-K", "sequence": "1", "filename": "apsi8k081904.htm", "description": "ASIA PAYMENT SYSTEMS INC. FORM 8-K FOR AUGUST 19, 2004", "secsgml_size_bytes": 4168}]
{"company-data": {"conformed-name": "ASIA PAYMENT SYSTEMS", "cik": "0001085113", "assigned-sic": "7389", "irs-number": "980204780", "state-of-incorporation": "NV"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-30013", "film-number": "04986675"}, "business-address": {"street1": "800 5TH STREET", "street2": "SUITE 4100", "city": "SEATTLE", "state": "WA", "zip": "98104", "phone": "2064471379"}, "former-company": {"former-conformed-name": "ASIAN ALLIANCE VENTURES INC", "date-changed": "20000203"}}
ASIA PAYMENT SYSTEMS INC. Form 8-K for August 19, 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 19, 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) is pleased to announce today that it has signed a credit card processing services agreement with Telecom Innovation Limited "TIL", a wholly owned subsidiary of Sun Innovation Holdings (HKSE #547) of Hong Kong.
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 19
th
day of August, 2004.
ASIA PAYMENT SYSTEMS INC.
(Registrant)
/s/ Charlie Rodriguez
Charlie Rodriguez,
Member of the Board of Directors