Sino Payments and TAP Group Team Up in China for Customers

• Press Release
• Source: Sino Payments
• On 8:00 am EST, Monday January 12, 2009

HONG KONG--(MARKET WIRE)--Jan 12, 2009 -- Sino Payments, Inc. (OTC BB:SNPY.OB - News) has teamed up with Tap Group to provide IP credit/debit card processing services to customers in China, HK, and elsewhere in Asia. The initial joint client focus will be for large multinational retailers with existing locations in China, HK, and other Asia Pacific cities.

Related Quotes Symbol Price Change SNPY.OB 0.03 +0.00 {"s" : "snpy.ob","k" : "c10,l10,p20,t10","o" : "","j" : ""}

Tap Group customers include such household names as:

 
--  AS Watsons Group (Hong Kong, China)
--  Sogo Department Stores (Hong Kong)
--  PCCW (Hong Kong)
--  CTM (Macau)
--  Robinsons Department Stores (Philippines)

Matthew Mecke, Chairman & CEO of Sino Payments, commented, "While we have known of Tap Group for the past 5-7 years as an industry heavyweight for providing retail solutions to large multinationals in the Asian region, I am excited to finally start working with TAP group to team up and provide new Sino Payments IP credit and debit card processing as an extension of TAP Group's existing services to their multinational clients throughout Asia. With the experience and relationships of Calinda Lee and TAP Group, I am looking forward to very successful cooperation to offer services to these retailers beginning immediately."

Calinda Lee, Group GM of TAP Group, added, "The forging of such a strategic business relationship with Sino Payments, Inc., will allow TAP Group to expand its retail solutions offerings to our clients in the region. We look forward to our first success in the nearest future and I am sure it will be the first of many to come."

About Sino Payments, Inc. (www.sinopayments.com)

Sino Payments is a Nevada incorporated company with offices in Hong Kong. Sino Payments proprietary IP transaction processing system was designed to convert transaction processing systems from old type dial up point of sale systems connected to sophisticated check out terminals to a modern seamless IP transaction process, thereby reducing credit and debit card transaction processing times by half at checkout.

About TAP Group (www.tap-group.com.cn)

TAP Group is a leading provider of customer-centric solutions for the retail industry. By integrating market-leading Point-of-Sales/Point-of-Interaction (POS/POI) and retail CRM solutions, TAP provides retailers with the capability to offer a consistent shopping experience across all channels, all the time, enabling them to easily and effectively manage the customer lifecycle on a one-to-one basis.

TAP Group is Headquartered in Hong Kong with offices in Macau, Shenzhen, Guangzhou, Shanghai, Beijing, and Manila with over 140 staff.

FORWARD-LOOKING STATEMENT:

Except for factual statements made herein, the information contained in this press release consists of forward-looking statements that involve risks and uncertainties, including the effect of changing economic conditions, competition within the credit and security industry, customer acceptance of products and other risks and uncertainties. Such forward-looking statements are not guarantees of performance, and Sino Payments, Inc. results could differ materially from those contained in such statements. These forward-looking statements speak only as of the date of this release, and Sino Payments, Inc. undertakes no obligation to publicly update any forward-looking statements to reflect new information, events or circumstances after the date of this release.

     Contacts:
     Sino Payments, Inc.
      
     Matthew Mecke
     Chairman & CEO
     Tel: 1-203-652-0130
     Fax: 1-212-208-3052
     ir@sinopayments.com