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     <TITLE>Points International Ltd.: Form S-8 - Filed by newsfilecorp.com</TITLE>
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  <P align=center><B><FONT size=5>UNITED STATES </FONT></B><BR><B><FONT
  size=5>SECURITIES AND EXCHANGE COMMISSION</FONT></B><B> </B><BR><B>Washington,
  D.C. 20549 </B></P>
  <P align=center>_________________________<BR><BR><B><FONT size=5>FORM S-8
  </FONT></B></P>
  <P align=center><B>REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
  </B></P>
  <P align=center>_________________________</P>
  <P align=center><B><FONT size=5>POINTS INTERNATIONAL LTD.
  </FONT></B><BR><B>(Exact name of registrant as specified in its charter)
  </B><BR></P>
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  style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
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    <TR vAlign=top>
      <TD align=center><B>Canada </B></TD>
      <TD align=center width="50%"><B>Not Applicable </B></TD></TR>
    <TR vAlign=top>
      <TD align=center>(State or other jurisdiction of incorporation or
        organization) </TD>
      <TD align=center width="50%">(I.R.S. Employer Identification No.)
    </TD></TR></TABLE>
  <P align=center><B>171 John Street, 5<SUP>th </SUP>Floor </B><BR><B>Toronto,
  Ontario, Canada </B><BR><B>M5T 1X3 </B><BR>(Address, Including Zip Code, of
  Principal Executive Offices) </P>
  <P align=center>_________________________</P>
  <P align=center><B>Amended and Restated Stock Option Plan </B><BR>(Full title of
  plan) </P>
  <P align=center>_________________________</P>
  <P align=center><B>CT Corporation System </B><BR><B>111 Eighth Avenue
  </B><BR><B>New York, NY 10011 </B><BR><B>(212) 894-8400 </B><BR>(Name, address
  and telephone number, including area code of agent for service) <BR></P>
  <P align=center><B>with copies to: </B></P>
  <TABLE
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  cellSpacing=0 cellPadding=0 width="100%" border=0>
  
    <TR vAlign=top>
      <TD align=center width="10%">&nbsp;</TD>
      <TD align=left width="25%"><B>Marc Shewchun </B></TD>
      <TD align=center width="10%">&nbsp;</TD>
      <TD align=left width="25%"><B>Scott M. Tayne, Esq. </B></TD></TR>
    <TR vAlign=top>
      <TD align=center width="10%">&nbsp;</TD>
      <TD align=left width="25%"><B>Vice President, General Counsel and Secretary </B></TD>
      <TD align=center width="10%">&nbsp;</TD>
      <TD align=left width="25%"><B>Davies Ward Phillips &amp; Vineberg LLP
        </B></TD></TR>
    <TR vAlign=top>
      <TD align=center width="10%">&nbsp;</TD>
      <TD align=left width="25%"><B>171 John Street, 5<SUP>th </SUP>Floor </B></TD>
      <TD align=center width="10%">&nbsp;</TD>
      <TD align=left width="25%"><B>625 Madison Avenue, 12<SUP>th
        </SUP>Floor, </B></TD></TR>
    <TR vAlign=top>
      <TD align=center width="10%">&nbsp;</TD>
      <TD align=left width="25%"><B>Toronto, Ontario, Canada M5T 1X3 </B></TD>
      <TD align=center width="10%">&nbsp;</TD>
      <TD align=left width="25%"><B>New York, NY 10022 </B></TD></TR>
    <TR vAlign=top>
      <TD align=center width="10%">&nbsp;</TD>
      <TD align=left width="25%"><B>Tel: (416) 596-6361 </B></TD>
      <TD align=center width="10%">&nbsp;</TD>
      <TD align=left width="25%"><B>Tel: (212) 588-5500
  </B></TD></TR></TABLE>
  <P align=center>_________________________</P>
  <P align=left>Indicate by check mark whether the registrant is a large
  accelerated filer, an accelerated filer, a non-accelerated filer or a smaller
  reporting company. See the definitions of "large accelerated filer,"
  "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the
  Exchange Act. </P>
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  cellSpacing=0 cellPadding=0 width="100%" border=0 height="30">
  
    <TR vAlign=top>
      <TD align=left width="50%">Large accelerated filer [&nbsp; ] </TD>
      <TD align=left width="50%">Accelerated filer [X] </TD></TR>
    <TR vAlign=top>
      <TD align=left width="50%">Non-accelerated filer (do not check if a smaller reporting
        company) [&nbsp; ] </TD>
      <TD align=left width="50%">Smaller reporting company [&nbsp; ]
    </TD></TR></TABLE><BR>
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  <!--$$/page=--><A name=page_2></A>
  <P align=center><B>CALCULATION OF REGISTRATION FEE </B></P>
  <TABLE
  style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
  cellSpacing=0 cellPadding=0 width="100%" border=0>
  
    <TR>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      >&nbsp;</TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=center width="1%"
      >&nbsp;</TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=center width="10%"
      >&nbsp;</TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=center width="2%"
      >&nbsp;</TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=center width="1%"
      >&nbsp;</TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=center width="10%"
      >&nbsp;</TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=center width="2%"
      >&nbsp;</TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=center width="1%"
      >&nbsp;</TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=center width="10%"
      >&nbsp;</TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=center width="2%"
      >&nbsp;</TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=center width="1%"
      >&nbsp;</TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=center width="10%"
      >&nbsp;</TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=center width="2%"
      >&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD align=left>&nbsp; </TD>
      <TD align=center width="1%">&nbsp;</TD>
      <TD align=center width="10%">&nbsp; </TD>
      <TD align=center width="2%">&nbsp;</TD>
      <TD align=center width="1%">&nbsp;</TD>
      <TD align=center width="10%"><B>Proposed</B> </TD>
      <TD align=center width="2%">&nbsp;</TD>
      <TD align=center width="1%">&nbsp;</TD>
      <TD align=center width="10%"><B>Proposed</B> </TD>
      <TD align=center width="2%">&nbsp;</TD>
      <TD align=center width="1%">&nbsp;</TD>
      <TD align=center width="10%">&nbsp; </TD>
      <TD align=center width="2%">&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD align=left>&nbsp; </TD>
      <TD align=left width="1%">&nbsp;</TD>
      <TD align=center width="10%"><B>Amount</B> </TD>
      <TD align=center width="2%">&nbsp;</TD>
      <TD align=center width="1%">&nbsp;</TD>
      <TD align=center width="10%"><B>Maximum</B> </TD>
      <TD align=center width="2%">&nbsp;</TD>
      <TD align=center width="1%">&nbsp;</TD>
      <TD align=center width="10%"><B>Maximum</B> </TD>
      <TD align=center width="2%">&nbsp;</TD>
      <TD align=center width="1%">&nbsp;</TD>
      <TD align=center width="10%"><B>Amount of</B> </TD>
      <TD align=left width="2%">&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD align=center><B>Title of</B> </TD>
      <TD align=left width="1%">&nbsp;</TD>
      <TD align=center width="10%"><B>To Be</B> </TD>
      <TD align=center width="2%">&nbsp;</TD>
      <TD align=center width="1%">&nbsp;</TD>
      <TD align=center width="10%"><B>Offering Price</B> </TD>
      <TD align=center width="2%">&nbsp;</TD>
      <TD align=center width="1%">&nbsp;</TD>
      <TD align=center width="10%"><B>Aggregate</B> </TD>
      <TD align=center width="2%">&nbsp;</TD>
      <TD align=center width="1%">&nbsp;</TD>
      <TD align=center width="10%"><B>Registration</B> </TD>
      <TD align=left width="2%">&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD align=center><B>Securities to Be Registered</B> </TD>
      <TD align=left width="1%">&nbsp;</TD>
      <TD align=center width="10%"><B>Registered (1)</B></TD>
      <TD align=center width="2%">&nbsp;</TD>
      <TD align=center width="1%">&nbsp;</TD>
      <TD align=center width="10%"><B>Per share</B> </TD>
      <TD align=center width="2%">&nbsp;</TD>
      <TD align=center width="1%">&nbsp;</TD>
      <TD align=center width="10%"><B>Offering Price</B> </TD>
      <TD align=center width="2%">&nbsp;</TD>
      <TD align=center width="1%">&nbsp;</TD>
      <TD align=center width="10%"><B>Fee</B> </TD>
      <TD align=left width="2%">&nbsp;</TD></TR>
    <TR>
      <TD style="BORDER-BOTTOM: #000000 1px solid">&nbsp; </TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" width="1%">&nbsp;</TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%">&nbsp; </TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" width="2%">&nbsp;</TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" width="1%">&nbsp;</TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%">&nbsp; </TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" width="2%">&nbsp;</TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" width="1%">&nbsp;</TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%">&nbsp; </TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" width="2%">&nbsp;</TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" width="1%">&nbsp;</TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%">&nbsp; </TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" width="2%">&nbsp;</TD></TR>
    <TR>
      <TD>&nbsp; </TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="10%">&nbsp; </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="10%">&nbsp; </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="10%">&nbsp; </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="10%">&nbsp; </TD>
      <TD width="2%">&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
        bgColor=#e6efff>Common Shares, without par value </TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
      bgColor=#e6efff>&nbsp;</TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="10%"
      bgColor=#e6efff>964,980</TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
      bgColor=#e6efff><SUP>(2)</SUP> </TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
      bgColor=#e6efff>$</TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="10%"
      bgColor=#e6efff>9.67</TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
      bgColor=#e6efff><SUP>(4)</SUP> </TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
      bgColor=#e6efff>$</TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="10%"
      bgColor=#e6efff>9,331,357 </TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
      bgColor=#e6efff>&nbsp;</TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
      bgColor=#e6efff>&nbsp;</TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="10%"
      bgColor=#e6efff>&nbsp; </TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
      bgColor=#e6efff>&nbsp;</TD></TR>
    <TR>
      <TD>&nbsp; </TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="10%">&nbsp; </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="10%">&nbsp; </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="10%">&nbsp; </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="10%">&nbsp; </TD>
      <TD width="2%">&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
        bgColor=#e6efff>Common Shares, without par value </TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
      bgColor=#e6efff>&nbsp;</TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="10%"
      bgColor=#e6efff>598,546</TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
      bgColor=#e6efff><SUP>(3)</SUP> </TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
      bgColor=#e6efff>$</TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="10%"
      bgColor=#e6efff>9.79</TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
      bgColor=#e6efff><SUP>(5)</SUP> </TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
      bgColor=#e6efff>$</TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="10%"
      bgColor=#e6efff>5,859,765 </TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
      bgColor=#e6efff>&nbsp;</TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
      bgColor=#e6efff>&nbsp;</TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="10%"
      bgColor=#e6efff>&nbsp; </TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
      bgColor=#e6efff>&nbsp;</TD></TR>
    <TR>
      <TD>&nbsp; </TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="10%">&nbsp; </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="10%">&nbsp; </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="10%">&nbsp; </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="10%">&nbsp; </TD>
      <TD width="2%">&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD align=left bgColor=#e6efff>&nbsp; &nbsp; &nbsp;Total </TD>
      <TD align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
      <TD align=right width="10%" bgColor=#e6efff>1,563,526 </TD>
      <TD align=left width="2%" bgColor=#e6efff>&nbsp;</TD>
      <TD align=left width="1%" bgColor=#e6efff>&nbsp;</TD>
      <TD align=left width="10%" bgColor=#e6efff>&nbsp; </TD>
      <TD align=left width="2%" bgColor=#e6efff>&nbsp;</TD>
      <TD align=left width="1%" bgColor=#e6efff>$</TD>
      <TD align=right width="10%" bgColor=#e6efff>15,191,122 </TD>
      <TD align=left width="2%" bgColor=#e6efff>&nbsp;</TD>
      <TD align=left width="1%" bgColor=#e6efff>$</TD>
      <TD align=right width="10%" bgColor=#e6efff>1764 </TD>
      <TD align=left width="2%" bgColor=#e6efff>&nbsp;</TD></TR></TABLE><BR>
  <TABLE
  style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
  cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>
  
    <TR>
      <TD vAlign=top width="5%">(1) </TD>
      <TD>Pursuant to Rule 416(a) under the Securities Act, this Registration
        Statement also covers additional common shares without par value ("Common
        Shares") of Points International Ltd. (the "Company" or the "Registrant")
        that may become issuable under the Company's Amended and Restated Stock
        Option Plan (the "Plan") by reason of any stock dividend, stock split,
        recapitalization or other similar transaction effected without the
        Company's receipt of any consideration that results in an increase in the
        number of outstanding Common Shares. </TD></TR>
    <TR>
      <TD width="5%">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
    <TR>
      <TD vAlign=top width="5%">(2) </TD>
      <TD>Common shares underlying outstanding options granted under the Plan on
        March 14, 2011. </TD></TR>
    <TR>
      <TD width="5%">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
    <TR>
      <TD vAlign=top width="5%">(3) </TD>
      <TD>Common Shares underlying options available for grant under the Plan on
        March 14, 2011. </TD></TR>
    <TR>
      <TD width="5%">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
    <TR>
      <TD vAlign=top width="5%">(4) </TD>
      <TD>Pursuant to Rule 457(h) under the Securities Act of 1933, as amended
        (the "Securities Act"), the proposed maximum offering price per share was
        calculated based on a weighted average per share exercise price of
        CAD$9.45 and converted to USD based on the closing exchange rate on March
        10, 2011. </TD></TR>
    <TR>
      <TD width="5%">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
    <TR>
      <TD vAlign=top width="5%">(5) </TD>
      <TD>Estimated pursuant to Rule 457(c) and Rule 457(h) under the Securities
        Act based upon the average of the high and low prices of the Common Shares
        as reported on The NASDAQ Stock Market LLC on March 10, 2011.
    </TD></TR></TABLE>
  <P align=center>2 </P>
  <HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
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  <!--$$/page=--><A name=page_3></A>
  <P align=center><B>PART</B><B> </B><B>I</B> </P>
  <P align=center><B>INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</B><B>
  </B></P>
  <P align=justify>The information required by Part I to be contained in the
  Section 10(a) prospectus is omitted from this Registration Statement in
  accordance with the Note to Part I of Form S-8. </P>
  <P align=center><B>PART II </B></P>
  <P align=center><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT </B></P>
  <TABLE
  style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
  cellSpacing=0 cellPadding=0 width="100%" border=0>
  
    <TR vAlign=top>
      <TD align=left ><B><U>Item 3</U></B><B>.</B> </TD>
      <TD align=left width="90%"><B><U>Incorporation of Documents by
        Reference.</U></B> </TD></TR></TABLE>
  <P align=justify style="text-indent: 5%">The following documents are hereby incorporated by reference
  into this Registration Statement: </P>
  <TABLE
  style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
  cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>
  
    <TR>
      <TD width="5%"  >&nbsp;</TD>
      <TD vAlign=top width="5%">(a) </TD>
      <TD>The Company's Annual Report on Form 20-F for the fiscal year ended
        December 31, 2009, filed with the Commission on May 14, 2010; </TD></TR>
    <TR>
      <TD width="5%" >&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
    <TR>
      <TD width="5%" >&nbsp;</TD>
      <TD vAlign=top width="5%">(b) </TD>
      <TD>The Company's Interim Financial Statements for the period ending March
        31, 2010 and the Company's Management Discussion and Analysis, attached as
        a Exhibits 99.3 and 99.4, respectively, to the Company's Current Report on
        Form 6-K furnished to the Commission on May 13, 2010; </TD></TR>
    <TR>
      <TD width="5%" >&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
    <TR>
      <TD width="5%" >&nbsp;</TD>
      <TD vAlign=top width="5%">(c) </TD>
      <TD>The Company's Interim Financial Statements for the period ending June
        30, 2010 and the Company's Management Discussion and Analysis, attached as
        a Exhibits 99.3 and 99.4, respectively, to the Company's Current Report on
        Form 6-K furnished to the Commission on August 11, 2010; </TD></TR>
    <TR>
      <TD width="5%" >&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
    <TR>
      <TD width="5%" >&nbsp;</TD>
      <TD vAlign=top width="5%">(d) </TD>
      <TD>The Company's Interim Financial Statements for the period ending
        September 30, 2010 and the Company's Management Discussion and Analysis,
        attached as a Exhibits 99.3 and 99.4, respectively, to the Company's
        Current Report on Form 6-K furnished to the Commission on November 4,
        2010; </TD></TR>
    <TR>
      <TD width="5%" >&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
    <TR>
      <TD width="5%" >&nbsp;</TD>
      <TD vAlign=top width="5%">(e) </TD>
      <TD>The Company's Material Change Report, attached as Exhibit 99.1 to the
        Company's Current Report on Form 6-K furnished to the Commission on
        January 27, 2011; </TD></TR>
    <TR>
      <TD width="5%" >&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
    <TR>
      <TD width="5%" >&nbsp;</TD>
      <TD vAlign=top width="5%">(f) </TD>
      <TD>The Company's Press Release announcing its financial results for the
        fourth quarter and full year ended December 31, 2010, attached as Exhibit
        99.1 to the Company's Current Report on Form 6-K furnished to the
        Commission on March 9, 2011; and </TD></TR>
    <TR>
      <TD width="5%" >&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
    <TR>
      <TD width="5%" >&nbsp;</TD>
      <TD vAlign=top width="5%">(g) </TD>
      <TD>The description of the Company's Common Shares contained in the
        Company's registration statement on Form 8-A, filed with the Commission on
        February 9, 2011, and any reports filed for the purpose of updating such
        description. </TD></TR></TABLE>
  <P align=justify style="text-indent: 5%">All documents filed by the Company pursuant to Sections
  13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, and all
  documents furnished to the Commission on Form 6-K to the extent the Company
  expressly provides that the information therein is incorporated by reference
  into this Registration Statement, subsequent to the date hereof and prior to the
  filing of a post-effective amendment which indicates that all securities offered
  have been sold or which deregisters all securities then remaining unsold, are
  incorporated by reference in this Registration Statement and are deemed to be
  part hereof from the date of filing of such documents. Any statement contained
  in a document incorporated or deemed to be incorporated by reference in this
  document will be deemed to be modified or superseded for purposes of this
  Registration Statement to the extent that a statement contained in this document
  or in any other subsequently filed documents that also is or is deemed to be
  incorporated by reference in this document modifies or supersedes such
  statement. Any such statement so modified or superseded will not be deemed, except as so modified or
  superseded, to constitute a part of this Registration Statement. </P>
  <P align=center>II-1 </P>
  <HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
  noShade SIZE=5><!--$$/page=--><A name=page_4></A><br>
  <TABLE
  style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
  cellSpacing=0 cellPadding=0 width="100%" border=0>
  
    <TR vAlign=top>
      <TD align=left width="10%" ><B><U>Item 4.</U></B> </TD>
      <TD align=left width="88%"><B><U>Description of Securities.</U></B>
    </TD></TR></TABLE>
  <P align=justify style="text-indent: 10%">Not applicable. </P>
  <TABLE
  style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
  cellSpacing=0 cellPadding=0 width="100%" border=0>
  
    <TR vAlign=top>
      <TD align=left width="10%" ><B><U>Item 5.</U></B> </TD>
      <TD align=left width="89%"><B><U>Interests of Named Experts and
        Counsel.</U></B> </TD></TR></TABLE>
  <P align=justify style="text-indent: 10%">Mr. Marc Shewchun, who is providing the opinion of counsel in
  connection with this Registration Statement, is the Vice President and General
  Counsel of the Company and participates in the Company&#146;s employee compensation
  programs, including the Plan. </P>
  <TABLE
  style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
  cellSpacing=0 cellPadding=0 width="100%" border=0>
  
    <TR vAlign=top>
      <TD align=left width="10%" ><B><U>Item </U></B><STRONG><U>6.</U></STRONG>
      </TD>
      <TD align=left width="91%"><B><U>Indemnification of Directors and
        Officers.</U></B> </TD></TR></TABLE>
  <P align=justify style="text-indent: 10%">Subsection 124(1) of the Canada Business Corporations Act (the
  &#147;CBCA&#148;) permits and the Registrant&#146;s By-laws requires the Registrant to
  indemnify its directors and officers, former directors and officers, and persons
  who have acted at the Registrant&#146;s request as directors or officers of another
  entity, against all costs, charges and expenses, including an amount paid to
  settle an action or satisfy a judgment, reasonably incurred by the individual in
  respect of any civil, criminal, administrative, investigative or other
  proceeding in which the individual is involved because of that association with
  the Registrant or other entity, if (a) the individual acted honestly and in good
  faith with a view to the best interests of the Registrant or the other entity,
  as the case may be, and (b) in the case of a criminal or administrative action
  or proceeding that is enforced by a monetary penalty, the individual had
  reasonable grounds for believing that the individual&#146;s conduct was lawful. Where
  the conditions in (a) and (b) are met and the individual was not judged by a
  court or other competent authority to have committed any fault or omitted to do
  anything that the individual ought to have done, Subsection 124(5) of the Canada
  Business Corporations Act requires that the Registrant indemnify the individual
  for all costs, charges and expenses reasonably incurred. </P>
  <P align=justify style="text-indent: 10%">Subsection 124(4) of the CBCA provides that the Registrant may,
  with the approval of a court, indemnify a person referred to in Subsection
  124(1) in respect of an action by or on behalf of the Registrant or other entity
  referred to in Subsection 124(1) to procure a judgment in its favor, to which
  the individual is made a party by reason of the individual&#146;s association with
  the Registrant or other entity, against all costs, charges and expenses
  reasonably incurred by the individual in connection with such action if (a) the
  individual acted honestly and in good faith with a view to the best interests of
  the Registrant or the other entity, as the case may be, and (b) in the case of a
  criminal or administrative action or proceeding that is enforced by a monetary
  penalty, the individual had reasonable grounds for believing that the
  individual&#146;s conduct was lawful. </P>
  <P align=justify style="text-indent: 10%">The CBCA permits, and the Registrant has purchased and
  presently maintains, insurance on behalf of its officers and directors. </P>
  <TABLE
  style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
  cellSpacing=0 cellPadding=0 width="100%" border=0>
  
    <TR vAlign=top>
      <TD align=left width="10%" ><B><U>Item 7.</U></B> </TD>
      <TD align=left width="90%"><B><U>Exemption From Registration
        Claimed</U></B><B><U>.</U></B> </TD></TR></TABLE>
  <P align=justify style="text-indent: 10%">Not applicable. </P>
  <TABLE
  style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
  cellSpacing=0 cellPadding=0 width="100%" border=0>
  
    <TR vAlign=top>
      <TD align=left width="10%" ><B><U>Item 8.</U></B> </TD>
      <TD align=left width="90%"><B><U>Exhibits.</U></B>
  </TD></TR></TABLE><BR>
  <TABLE
  style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
  cellSpacing=0 cellPadding=0 width="100%" border=0>
  
    <TR vAlign=top>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
        ><B>Exhibit</B> </TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=center
        width="90%"><B>Description</B> </TD></TR>
    <TR vAlign=top>
      <TD align=left width="10%" bgcolor="#EEEEEE" ><a href="exhibit5-1.htm">5.1</a> </TD>
      <TD align=left width="90%" bgcolor="#EEEEEE"><a href="exhibit5-1.htm">Opinion of Marc Shewchun, Vice President and
        General Counsel</a> </TD></TR>
    <TR>
      <TD align=left width="10%" >&nbsp;</TD>
      <TD align=left width="90%" >&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD align=left width="10%" bgcolor="#EEEEEE" ><a href="exhibit23-1.htm">23.1</a> </TD>
      <TD align=left width="90%" bgcolor="#EEEEEE"><a href="exhibit23-1.htm">Consent of Deloitte &amp; Touche LLP.</a> </TD></TR>
    <TR>
      <TD align=left width="10%" >&nbsp;</TD>
      <TD align=left width="90%" >&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD align=left width="10%" bgcolor="#EEEEEE" >23.2 </TD>
      <TD align=left width="90%" bgcolor="#EEEEEE">Consent of Marc Shewchun, Vice President and
        General Counsel (included in the opinion filed as Exhibit 5.1).
    </TD></TR>
    <TR vAlign=top>
      <TD align=left width="10%" >&nbsp;</TD>
      <TD align=left width="90%">&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD align=left width="10%" bgcolor="#EEEEEE" >24.1</TD>
      <TD align=left width="90%" bgcolor="#EEEEEE">Power of Attorney (included in signature page of this
  Registration Statement).
    </TD></TR></TABLE>
  <P align=center>II-2 <BR></P>
  <HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
  noShade SIZE=5>
  <!--$$/page=--><A name=page_5></A>
  <P align=justify>&nbsp;</P>
  <TABLE
  style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
  cellSpacing=0 cellPadding=0 width="100%" border=0>
  
    <TR vAlign=top>
      <TD align=left ><B><U>Item 9.</U></B> </TD>
      <TD align=left width="90%"><B><U>Undertakings.</U></B>
  </TD></TR></TABLE><BR>
  <TABLE
  style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
  cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>
  
    <TR>
      <TD vAlign=top width="5%">(a) </TD>
      <TD colSpan=3>The undersigned Registrant hereby undertakes: </TD></TR>
    <TR>
      <TD width="5%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
    <TR>
      <TD width="5%"></TD>
      <TD vAlign=top width="5%">1. </TD>
      <TD colSpan=2>To file during any period in which offers or sales are being
        made, a post-effective amendment to this Registration Statement: </TD></TR>
    <TR>
      <TD width="5%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
    <TR>
      <TD width="5%"></TD>
      <TD width="5%"></TD>
      <TD vAlign=top width="5%">(i) </TD>
      <TD>to include any prospectus required by Section 10(a)(3) of the
        Securities Act; </TD></TR>
    <TR>
      <TD width="5%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
    <TR>
      <TD width="5%"></TD>
      <TD width="5%"></TD>
      <TD vAlign=top width="5%">(ii) </TD>
      <TD>to reflect in the prospectus any facts or events arising after the
        effective date of this Registration Statement (or the most recent
        post-effective amendment thereof) which, individually or in the aggregate,
        represent a fundamental change in the information set fort in this
        Registration Statement; and </TD></TR>
    <TR>
      <TD width="5%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
    <TR>
      <TD width="5%"></TD>
      <TD width="5%"></TD>
      <TD vAlign=top width="5%">(iii) </TD>
      <TD>to include any material information with respect to the plan of
        distribution not previously disclosed in this Registration Statement or
        any material change to such information in this Registration Statement;
        provided, however, that paragraphs 1(i) and 1(ii) do not apply if the
        information required to be included in a post-effective amendment by those
        paragraphs is contained in reports filed with or furnished to the
        Commission by the Registrant pursuant to Section 13 or Section 15(d) of
        the Exchange Act that are incorporated by reference in this Registration
        Statement. </TD></TR>
    <TR>
      <TD width="5%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD>&nbsp;</TD>
    <TR>
      <TD width="5%"></TD>
      <TD vAlign=top width="5%">2. </TD>
      <TD colSpan=2>That, for the purpose of determining any liability under the
        Securities Act, each such post-effective amendment shall be deemed to be a
        new registration statement relating to the securities offered therein, and
        the offering of such securities at that time shall be deemed to be the
        initial <I>bona fide </I>offering thereof. </TD></TR>
    <TR>
      <TD width="5%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
    <TR>
      <TD width="5%"></TD>
      <TD vAlign=top width="5%">3. </TD>
      <TD colSpan=2>To remove from registration by means of a post-effective
        amendment any of the securities being registered which remain unsold at
        the termination of the offering. </TD></TR></TABLE>
  <P
  align=justify style="text-indent: 5%">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  The undersigned Registrant hereby undertakes that, for the purposes of
  determining any liability under the Securities Act, each filing of the
  Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the
  Exchange Act (and, where applicable, each filing of an employee benefit plan's
  annual report pursuant to Section 15(d) of the Exchange Act) that is
  incorporated by reference in this Registration Statement shall be deemed to be a
  new registration statement relating to the securities offered therein, and the
  offering of such securities at that time shall be deemed to be the initial bona
  fide offering hereof. </P>
  <P
  align=justify style="text-indent: 5%">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  Insofar as indemnification for liabilities arising under the Securities Act may
  be permitted to directors, officers and controlling persons of the Registrant
  pursuant to the foregoing provisions, or otherwise, the Registrant has been
  advised that in the opinion of the Commission such indemnification is against
  public policy as expressed in the Securities Act and is, therefore,
  unenforceable. In the event that a claim for indemnification against such
  liabilities (other than the payment by the Registrant of expenses incurred or
  paid by a director, officer or controlling person of the Registrant in the
  successful defense of any action, suit or proceeding) is asserted by such
  director, officer or controlling person in connection with the securities being
  registered, the Registrant will, unless in the opinion of its counsel the matter
  has been settled by controlling precedent, submit to a court of appropriate
  jurisdiction the question whether such indemnification by it is against public
  policy as expressed in the Securities Act and will be governed by the final
  adjudication of such issue. </P>
  <P align=center>II-3 </P>
  <HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
  noShade SIZE=5>
  <!--$$/page=--><A name=page_6></A>
  <P align=center><B>SIGNATURES </B></P>
  <P align=justify style="text-indent: 5%">Pursuant to the requirements of the Securities Act of 1933, the
  Registrant certifies that it has reasonable grounds to believe that it meets all
  of the requirements for filing on Form S-8 and has duly caused this Registration
  Statement to be signed on its behalf by the undersigned, thereunto duly
  authorized, in the city of Toronto in the Province of Ontario, on March 14,
  2011. </P>
  <TABLE
  style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
  cellSpacing=0 cellPadding=0 width="100%" border=0>
  
    <TR vAlign=top>
      <TD align=left  >&nbsp;</TD>
      <TD align=left width="23%" colSpan=2><B>POINTS INTERNATIONAL LTD.</B> </TD>
      <TD align=left width="25%"  >&nbsp;</TD></TR>
    <TR>
      <TD  >&nbsp;</TD>
      <TD width="3%" >&nbsp; </TD>
      <TD width="20%">&nbsp; </TD>
      <TD width="25%"  >&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD align=left  >&nbsp;</TD>
      <TD align=left width="3%" >By: </TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="20%">/s/
        Robert MacLean </TD>
      <TD align=left width="25%"  >&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD align=left  >&nbsp;</TD>
      <TD align=left width="3%" >Name: </TD>
      <TD align=left width="20%">Robert MacLean </TD>
      <TD align=left width="25%"  >&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD align=left  >&nbsp;</TD>
      <TD align=left width="3%" >Title: </TD>
      <TD align=left width="20%">Chief Executive Officer </TD>
      <TD align=left width="25%"
  >&nbsp;</TD></TR></TABLE>
  <P align=center><B>POWER OF ATTORNEY </B></P>
  <P align=justify style="text-indent: 5%">Each person whose signature appears below constitutes and
  appoints Robert MacLean, Christopher Barnard, Anthony Lam and Marc Shewchun, as
  his or her true and lawful attorney-in-fact and agent, each acting alone with
  full power of substitution and resubstitution, for him or her and in his or her
  name, place and stead, in any and all capacities, to sign any and all amendments
  (including post-effective amendments) and supplements to this Registration
  Statement, and to file the same, with all exhibits thereto, and other documents
  in connection therewith, with the Commission, granting unto said
  attorneys-in-fact and agents, each acting alone, full power and authority to do
  and perform each and every act and thing requisite and necessary to be done in
  and about the premises, as fully to all intents and purposes as he or she might
  or could do in person, hereby ratifying and confirming all that said
  attorneys-in-fact and agents, each acting alone, or his or her substitute or
  substitutes, may lawfully do or cause to be done by virtue thereof. </P>
  <P align=justify style="text-indent: 5%">Pursuant to the requirements of the Securities Act of 1933,
  this Registration Statement has been signed by the following persons in the
  capacities and on the date indicated.</P>
  <TABLE
  style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
  cellSpacing=0 cellPadding=0 width="100%" border=0>
  
    <TR vAlign=top>
      <TD align=center><B><U>Signature</U></B> </TD>
      <TD align=center width="5%"  >&nbsp;</TD>
      <TD align=center width="30%"><B><U>Title</U></B>
      </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=center width="30%"><B><U>Date</U></B> </TD></TR>
    <TR vAlign=top>
      <TD align=left>&nbsp; </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%"></TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=center width="30%">&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>/s/ Robert MacLean
      </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">Chief Executive Officer and Director </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=center width="30%">March 14, 2011 </TD></TR>
    <TR vAlign=top>
      <TD align=left>Robert MacLean </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">(Principal Executive Officer)&nbsp;&nbsp; </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=center width="30%">&nbsp;</TD></TR>
    <TR>
      <TD>&nbsp; </TD>
      <TD width="5%"  >&nbsp;</TD>
      <TD width="30%">&nbsp; </TD>
      <TD width="5%"  >&nbsp;</TD>
      <TD width="30%" align="center">&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>/s/ Christopher
        Barnard </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">President and Director </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=center width="30%">March 14, 2011 </TD></TR>
    <TR vAlign=top>
      <TD align=left>Christopher Barnard </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">&nbsp; </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=center width="30%">&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD align=left>&nbsp; </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">&nbsp;</TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=center width="30%">&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>/s/ Anthony Lam
  </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">Chief Financial Officer (Principal Financial</TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=center width="30%">March 14, 2011 </TD></TR>
    <TR vAlign=top>
      <TD align=left>Anthony Lam </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">Officer and Principal Accounting
        Officer)&nbsp;&nbsp; </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=center width="30%">&nbsp;</TD></TR>
    <TR>
      <TD>&nbsp; </TD>
      <TD width="5%"  >&nbsp;</TD>
      <TD width="30%">&nbsp; </TD>
      <TD width="5%"  >&nbsp;</TD>
      <TD width="30%" align="center">&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>/s/ Michael
        Beckerman </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">Director&nbsp;</TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=center width="30%">March 14, 2011 </TD></TR>
    <TR vAlign=top>
      <TD align=left>Michael Beckerman </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">&nbsp; </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=center width="30%">&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD align=left>&nbsp; </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%"></TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=center width="30%">&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>/s/ Bernay Box </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">Chairman of the Board, Director </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=center width="30%">March 14, 2011 </TD></TR>
    <TR vAlign=top>
      <TD align=left>Bernay Box </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">and Authorized United States
        Representative&nbsp;&nbsp; </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=center width="30%">&nbsp;</TD></TR>
    <TR>
      <TD>&nbsp; </TD>
      <TD width="5%"  >&nbsp;</TD>
      <TD width="30%">&nbsp; </TD>
      <TD width="5%"  >&nbsp;</TD>
      <TD width="30%" align="center">&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>/s/ Douglas Carty
      </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">Director&nbsp;</TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=center width="30%">March 14, 2011 </TD></TR>
    <TR vAlign=top>
      <TD align=left>Douglas Carty </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">&nbsp; </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=center width="30%">&nbsp;</TD></TR>
    <TR>
      <TD>&nbsp; </TD>
      <TD width="5%"  >&nbsp;</TD>
      <TD width="30%">&nbsp; </TD>
      <TD width="5%"  >&nbsp;</TD>
      <TD width="30%" align="center">&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>/s/ Bruce Croxon
      </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">Director&nbsp;</TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=center width="30%">March 14, 2011 </TD></TR>
    <TR vAlign=top>
      <TD align=left>Bruce Croxon </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">&nbsp; </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=center width="30%">&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD align=left>&nbsp;</TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">&nbsp;</TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=center width="30%">&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD align=left>&nbsp;</TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">&nbsp;</TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=center width="30%">&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD align=left>
      <div style="border-bottom-style: solid; border-bottom-width: 1">
        /s/ John Thompson
      </div>
      </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">Director </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=center width="30%">
      <p align="center">March 14, 2011 </TD></TR>
    <TR vAlign=top>
      <TD align=left>John Thompson </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">&nbsp;</TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=center width="30%">&nbsp;</TD></TR></TABLE><BR>
  <HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
  noShade SIZE=5>
  <!--$$/page=-->
  <P align=center><B><U>Exhibit Index</U></B><B> </B></P>
  <TABLE
  style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
  cellSpacing=0 cellPadding=0 width="100%" border=0>
  
    <TR vAlign=top>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
        ><B>Exhibit</B> </TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=center
        width="90%"><B>Description</B> </TD></TR>
    <TR vAlign=top>
      <TD align=left bgColor=#eeeeee ><a href="exhibit5-1.htm">5.1</a> </TD>
      <TD align=left width="90%" bgColor=#eeeeee><a href="exhibit5-1.htm">Opinion of Marc Shewchun, Vice
        President and General Counsel </a> </TD></TR>
    <TR>
      <TD align=left >&nbsp;</TD>
      <TD align=left width="90%" >&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD align=left bgColor=#eeeeee ><a href="exhibit23-1.htm">23.1</a> </TD>
      <TD align=left width="90%" bgColor=#eeeeee><a href="exhibit23-1.htm">Consent of Deloitte &amp;
        Touche LLP</a> </TD></TR>
    <TR>
      <TD align=left >&nbsp;</TD>
      <TD align=left width="90%" >&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD align=left bgColor=#eeeeee >23.2 </TD>
      <TD align=left width="90%" bgColor=#eeeeee>Consent of Marc Shewchun, Vice
        President and General Counsel (included in the opinion filed as Exhibit
        5.1). </TD></TR>
    <TR>
      <TD align=left >&nbsp;</TD>
      <TD align=left width="90%" >&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD align=left bgColor=#eeeeee >24.1 </TD>
      <TD align=left width="90%" bgColor=#eeeeee>Power of Attorney (included in
        signature page of this Registration Statement). </TD></TR></TABLE><BR>
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metadata_documents: [{"type": "S-8", "sequence": "1", "filename": "forms8.htm", "description": "FORM S-8", "secsgml_size_bytes": 45444}]
metadata_filer: {"company-data": {"conformed-name": "POINTS INTERNATIONAL LTD", "cik": "0001204413", "assigned-sic": "7389", "irs-number": "000000000"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-172806", "film-number": "11685270"}, "business-address": {"street1": "171 JOHN STREET, 5TH FLOOR", "city": "TORONTO", "state": "A6", "zip": "M5T 1X3", "phone": "416-596-6361"}, "mail-address": {"street1": "171 JOHN STREET, 5TH FLOOR", "city": "TORONTO", "state": "A6", "zip": "M5T 1X3"}}
text: Points International Ltd.: Form S-8 - Filed by newsfilecorp.com
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  Washington,
  D.C. 20549
  _________________________
  FORM S-8
  REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
  _________________________
  POINTS INTERNATIONAL LTD.
  (Exact name of registrant as specified in its charter)
  Canada
  Not Applicable
  (State or other jurisdiction of incorporation or
        organization)
  (I.R.S. Employer Identification No.)
  171 John Street, 5
  th
  Floor
  Toronto,
  Ontario, Canada
  M5T 1X3
  (Address, Including Zip Code, of
  Principal Executive Offices)
  _________________________
  Amended and Restated Stock Option Plan
  (Full title of
  plan)
  _________________________
  CT Corporation System
  111 Eighth Avenue
  New York, NY 10011
  (212) 894-8400
  (Name, address
  and telephone number, including area code of agent for service)
  with copies to:
  Marc Shewchun
  Scott M. Tayne, Esq.
  Vice President, General Counsel and Secretary
  Davies Ward Phillips & Vineberg LLP
  171 John Street, 5
  th
  Floor
  625 Madison Avenue, 12
  th
  Floor,
  Toronto, Ontario, Canada M5T 1X3
  New York, NY 10022
  Tel: (416) 596-6361
  Tel: (212) 588-5500
  _________________________
  Indicate by check mark whether the registrant is a large
  accelerated filer, an accelerated filer, a non-accelerated filer or a smaller
  reporting company. See the definitions of "large accelerated filer,"
  "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the
  Exchange Act.
  Large accelerated filer [  ]
  Accelerated filer [X]
  Non-accelerated filer (do not check if a smaller reporting
        company) [  ]
  Smaller reporting company [  ]
  CALCULATION OF REGISTRATION FEE
  Proposed
  Proposed
  Amount
  Maximum
  Maximum
  Amount of
  Title of
  To Be
  Offering Price
  Aggregate
  Registration
  Securities to Be Registered
  Registered (1)
  Per share
  Offering Price
  Fee
  Common Shares, without par value
  964,980
  (2)
  $
  9.67
  (4)
  $
  9,331,357
  Common Shares, without par value
  598,546
  (3)
  $
  9.79
  (5)
  $
  5,859,765
  Total
  1,563,526
  $
  15,191,122
  $
  1764
  (1)
  Pursuant to Rule 416(a) under the Securities Act, this Registration
        Statement also covers additional common shares without par value ("Common
        Shares") of Points International Ltd. (the "Company" or the "Registrant")
        that may become issuable under the Company's Amended and Restated Stock
        Option Plan (the "Plan") by reason of any stock dividend, stock split,
        recapitalization or other similar transaction effected without the
        Company's receipt of any consideration that results in an increase in the
        number of outstanding Common Shares.
  (2)
  Common shares underlying outstanding options granted under the Plan on
        March 14, 2011.
  (3)
  Common Shares underlying options available for grant under the Plan on
        March 14, 2011.
  (4)
  Pursuant to Rule 457(h) under the Securities Act of 1933, as amended
        (the "Securities Act"), the proposed maximum offering price per share was
        calculated based on a weighted average per share exercise price of
        CAD$9.45 and converted to USD based on the closing exchange rate on March
        10, 2011.
  (5)
  Estimated pursuant to Rule 457(c) and Rule 457(h) under the Securities
        Act based upon the average of the high and low prices of the Common Shares
        as reported on The NASDAQ Stock Market LLC on March 10, 2011.
  2
  PART
  I
  INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
  The information required by Part I to be contained in the
  Section 10(a) prospectus is omitted from this Registration Statement in
  accordance with the Note to Part I of Form S-8.
  PART II
  INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
  Item 3
  .
  Incorporation of Documents by
        Reference.
  The following documents are hereby incorporated by reference
  into this Registration Statement:
  (a)
  The Company's Annual Report on Form 20-F for the fiscal year ended
        December 31, 2009, filed with the Commission on May 14, 2010;
  (b)
  The Company's Interim Financial Statements for the period ending March
        31, 2010 and the Company's Management Discussion and Analysis, attached as
        a Exhibits 99.3 and 99.4, respectively, to the Company's Current Report on
        Form 6-K furnished to the Commission on May 13, 2010;
  (c)
  The Company's Interim Financial Statements for the period ending June
        30, 2010 and the Company's Management Discussion and Analysis, attached as
        a Exhibits 99.3 and 99.4, respectively, to the Company's Current Report on
        Form 6-K furnished to the Commission on August 11, 2010;
  (d)
  The Company's Interim Financial Statements for the period ending
        September 30, 2010 and the Company's Management Discussion and Analysis,
        attached as a Exhibits 99.3 and 99.4, respectively, to the Company's
        Current Report on Form 6-K furnished to the Commission on November 4,
        2010;
  (e)
  The Company's Material Change Report, attached as Exhibit 99.1 to the
        Company's Current Report on Form 6-K furnished to the Commission on
        January 27, 2011;
  (f)
  The Company's Press Release announcing its financial results for the
        fourth quarter and full year ended December 31, 2010, attached as Exhibit
        99.1 to the Company's Current Report on Form 6-K furnished to the
        Commission on March 9, 2011; and
  (g)
  The description of the Company's Common Shares contained in the
        Company's registration statement on Form 8-A, filed with the Commission on
        February 9, 2011, and any reports filed for the purpose of updating such
        description.
  All documents filed by the Company pursuant to Sections
  13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, and all
  documents furnished to the Commission on Form 6-K to the extent the Company
  expressly provides that the information therein is incorporated by reference
  into this Registration Statement, subsequent to the date hereof and prior to the
  filing of a post-effective amendment which indicates that all securities offered
  have been sold or which deregisters all securities then remaining unsold, are
  incorporated by reference in this Registration Statement and are deemed to be
  part hereof from the date of filing of such documents. Any statement contained
  in a document incorporated or deemed to be incorporated by reference in this
  document will be deemed to be modified or superseded for purposes of this
  Registration Statement to the extent that a statement contained in this document
  or in any other subsequently filed documents that also is or is deemed to be
  incorporated by reference in this document modifies or supersedes such
  statement. Any such statement so modified or superseded will not be deemed, except as so modified or
  superseded, to constitute a part of this Registration Statement.
  II-1
  Item 4.
  Description of Securities.
  Not applicable.
  Item 5.
  Interests of Named Experts and
        Counsel.
  Mr. Marc Shewchun, who is providing the opinion of counsel in
  connection with this Registration Statement, is the Vice President and General
  Counsel of the Company and participates in the Company's employee compensation
  programs, including the Plan.
  Item
  6.
  Indemnification of Directors and
        Officers.
  Subsection 124(1) of the Canada Business Corporations Act (the
  "CBCA") permits and the Registrant's By-laws requires the Registrant to
  indemnify its directors and officers, former directors and officers, and persons
  who have acted at the Registrant's request as directors or officers of another
  entity, against all costs, charges and expenses, including an amount paid to
  settle an action or satisfy a judgment, reasonably incurred by the individual in
  respect of any civil, criminal, administrative, investigative or other
  proceeding in which the individual is involved because of that association with
  the Registrant or other entity, if (a) the individual acted honestly and in good
  faith with a view to the best interests of the Registrant or the other entity,
  as the case may be, and (b) in the case of a criminal or administrative action
  or proceeding that is enforced by a monetary penalty, the individual had
  reasonable grounds for believing that the individual's conduct was lawful. Where
  the conditions in (a) and (b) are met and the individual was not judged by a
  court or other competent authority to have committed any fault or omitted to do
  anything that the individual ought to have done, Subsection 124(5) of the Canada
  Business Corporations Act requires that the Registrant indemnify the individual
  for all costs, charges and expenses reasonably incurred.
  Subsection 124(4) of the CBCA provides that the Registrant may,
  with the approval of a court, indemnify a person referred to in Subsection
  124(1) in respect of an action by or on behalf of the Registrant or other entity
  referred to in Subsection 124(1) to procure a judgment in its favor, to which
  the individual is made a party by reason of the individual's association with
  the Registrant or other entity, against all costs, charges and expenses
  reasonably incurred by the individual in connection with such action if (a) the
  individual acted honestly and in good faith with a view to the best interests of
  the Registrant or the other entity, as the case may be, and (b) in the case of a
  criminal or administrative action or proceeding that is enforced by a monetary
  penalty, the individual had reasonable grounds for believing that the
  individual's conduct was lawful.
  The CBCA permits, and the Registrant has purchased and
  presently maintains, insurance on behalf of its officers and directors.
  Item 7.
  Exemption From Registration
        Claimed
  .
  Not applicable.
  Item 8.
  Exhibits.
  Exhibit
  Description
  5.1
  Opinion of Marc Shewchun, Vice President and
        General Counsel
  23.1
  Consent of Deloitte & Touche LLP.
  23.2
  Consent of Marc Shewchun, Vice President and
        General Counsel (included in the opinion filed as Exhibit 5.1).
  24.1
  Power of Attorney (included in signature page of this
  Registration Statement).
  II-2
  Item 9.
  Undertakings.
  (a)
  The undersigned Registrant hereby undertakes:
  1.
  To file during any period in which offers or sales are being
        made, a post-effective amendment to this Registration Statement:
  (i)
  to include any prospectus required by Section 10(a)(3) of the
        Securities Act;
  (ii)
  to reflect in the prospectus any facts or events arising after the
        effective date of this Registration Statement (or the most recent
        post-effective amendment thereof) which, individually or in the aggregate,
        represent a fundamental change in the information set fort in this
        Registration Statement; and
  (iii)
  to include any material information with respect to the plan of
        distribution not previously disclosed in this Registration Statement or
        any material change to such information in this Registration Statement;
        provided, however, that paragraphs 1(i) and 1(ii) do not apply if the
        information required to be included in a post-effective amendment by those
        paragraphs is contained in reports filed with or furnished to the
        Commission by the Registrant pursuant to Section 13 or Section 15(d) of
        the Exchange Act that are incorporated by reference in this Registration
        Statement.
  2.
  That, for the purpose of determining any liability under the
        Securities Act, each such post-effective amendment shall be deemed to be a
        new registration statement relating to the securities offered therein, and
        the offering of such securities at that time shall be deemed to be the
        initial
  bona fide
  offering thereof.
  3.
  To remove from registration by means of a post-effective
        amendment any of the securities being registered which remain unsold at
        the termination of the offering.
  (b)               
  The undersigned Registrant hereby undertakes that, for the purposes of
  determining any liability under the Securities Act, each filing of the
  Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the
  Exchange Act (and, where applicable, each filing of an employee benefit plan's
  annual report pursuant to Section 15(d) of the Exchange Act) that is
  incorporated by reference in this Registration Statement shall be deemed to be a
  new registration statement relating to the securities offered therein, and the
  offering of such securities at that time shall be deemed to be the initial bona
  fide offering hereof.
  (c)               
  Insofar as indemnification for liabilities arising under the Securities Act may
  be permitted to directors, officers and controlling persons of the Registrant
  pursuant to the foregoing provisions, or otherwise, the Registrant has been
  advised that in the opinion of the Commission such indemnification is against
  public policy as expressed in the Securities Act and is, therefore,
  unenforceable. In the event that a claim for indemnification against such
  liabilities (other than the payment by the Registrant of expenses incurred or
  paid by a director, officer or controlling person of the Registrant in the
  successful defense of any action, suit or proceeding) is asserted by such
  director, officer or controlling person in connection with the securities being
  registered, the Registrant will, unless in the opinion of its counsel the matter
  has been settled by controlling precedent, submit to a court of appropriate
  jurisdiction the question whether such indemnification by it is against public
  policy as expressed in the Securities Act and will be governed by the final
  adjudication of such issue.
  II-3
  SIGNATURES
  Pursuant to the requirements of the Securities Act of 1933, the
  Registrant certifies that it has reasonable grounds to believe that it meets all
  of the requirements for filing on Form S-8 and has duly caused this Registration
  Statement to be signed on its behalf by the undersigned, thereunto duly
  authorized, in the city of Toronto in the Province of Ontario, on March 14,
  2011.
  POINTS INTERNATIONAL LTD.
  By:
  /s/
        Robert MacLean
  Name:
  Robert MacLean
  Title:
  Chief Executive Officer
  POWER OF ATTORNEY
  Each person whose signature appears below constitutes and
  appoints Robert MacLean, Christopher Barnard, Anthony Lam and Marc Shewchun, as
  his or her true and lawful attorney-in-fact and agent, each acting alone with
  full power of substitution and resubstitution, for him or her and in his or her
  name, place and stead, in any and all capacities, to sign any and all amendments
  (including post-effective amendments) and supplements to this Registration
  Statement, and to file the same, with all exhibits thereto, and other documents
  in connection therewith, with the Commission, granting unto said
  attorneys-in-fact and agents, each acting alone, full power and authority to do
  and perform each and every act and thing requisite and necessary to be done in
  and about the premises, as fully to all intents and purposes as he or she might
  or could do in person, hereby ratifying and confirming all that said
  attorneys-in-fact and agents, each acting alone, or his or her substitute or
  substitutes, may lawfully do or cause to be done by virtue thereof.
  Pursuant to the requirements of the Securities Act of 1933,
  this Registration Statement has been signed by the following persons in the
  capacities and on the date indicated.
  Signature
  Title
  Date
  /s/ Robert MacLean
  Chief Executive Officer and Director
  March 14, 2011
  Robert MacLean
  (Principal Executive Officer)
  /s/ Christopher
        Barnard
  President and Director
  March 14, 2011
  Christopher Barnard
  /s/ Anthony Lam
  Chief Financial Officer (Principal Financial
  March 14, 2011
  Anthony Lam
  Officer and Principal Accounting
        Officer)
  /s/ Michael
        Beckerman
  Director
  March 14, 2011
  Michael Beckerman
  /s/ Bernay Box
  Chairman of the Board, Director
  March 14, 2011
  Bernay Box
  and Authorized United States
        Representative
  /s/ Douglas Carty
  Director
  March 14, 2011
  Douglas Carty
  /s/ Bruce Croxon
  Director
  March 14, 2011
  Bruce Croxon
  /s/ John Thompson
  Director
  March 14, 2011
  John Thompson
  Exhibit Index
  Exhibit
  Description
  5.1
  Opinion of Marc Shewchun, Vice
        President and General Counsel
  23.1
  Consent of Deloitte &
        Touche LLP
  23.2
  Consent of Marc Shewchun, Vice
        President and General Counsel (included in the opinion filed as Exhibit
        5.1).
  24.1
  Power of Attorney (included in
        signature page of this Registration Statement).