Clear2Pay opens up South East Asia headquarters

Kuala Lumpur chosen location for new regional customer delivery
and sales hub

Brussels/Kuala Lumpur, 29 November 2007 – Clear2Pay, the international technology provider of next generation payment solutions for financial institutions announces the opening of new regional headquarters in Kuala Lumpur. The Malaysian office will offer a customer project delivery capability for clients in South East Asia.

”Until now we serviced clients and delivered projects in the South East Asian region from our existing offices in Singapore and Australia” states Warren Gardiner, General Manager Asia Pacific for Clear2Pay. He adds: “However the scope and number of projects we execute in South East Asia have drawn us into the region. It is our policy to deliver projects in close co-operation with our customers so we felt that a dedicated regional base was called for with sales, customer delivery and project capabilities. Kuala Lumpur was an obvious choice in view of its central location with ample opportunities to commute in the region, the favourable cost of business operations and access to strong IT staff in an English language area.”

“Asia Pacific has shown and continues to show very high growth rates in the number of payments transactions. Where globally we expect a growth rate of around 12% in the five year period between 2004 - 2009 (Global Insight, 2006), Asia Pacific will grow by around 20%. As a company we see and experience this heightened interest as well in our revenues” continues Michel Akkermans, Chairman and CEO of Clear2Pay. “The vast regional growth will involve many more payments projects at national and regional banks. As a niche payments technology provider with a longstanding track record in the region through our offices in Sydney, Melbourne and Singapore, we are well placed to do more for current and new clients in South East Asia.

Pete McCormick heads up the Kuala Lumpur office which is the home base to sales, service and software engineers geared towards supporting the regional projects.

About Clear2Pay
Clear2Pay is an innovative financial technology company focused on delivering globally applicable solutions for secure, timely electronic payments. Headquartered in Brussels, Belgium, the company facilitates banks and financial organisations in their provision of payments services. Clear2Pay's technology helps to reduce transactions processing costs, and to deliver new, compelling payment services in a competitive way. Clear2Pay's payment solutions offer organisations easy, branded ways for their customers to pay online: from complex trade-supporting business-to-business environments, through e-commerce applications, to retail payments and remittance services. Functions embrace payments origination, reporting, linkage with back-office processing systems, clearing, netting and settlement. Clients include global and major regional financial institutions such as ING, SEB Kort, VISA, MasterCard, ABN AMRO, Nordea, Abbey National, Fortis Bank, ANZ and Commonwealth Bank. Clear2Pay operates out of Belgium, France, the Netherlands, Poland, Spain, United Kingdom, United States, Australia, China and Singapore and currently employs 300 staff.
More information is available on www.clear2pay.com

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For more information:

Clear2Pay NV/SA
Conny Dorrestijn - VP Marketing and Communications
Email:
Phone: +32 15 79 52 00

Clear2Pay Asia Pacific
Pete McCormick – GM
Email:
Phone: +60 12 653 0716