SmartPay Partners With Net263

SmartPay Partners With Net263

April 10, 2007

Partnership to Jointly Develop Innovative Payment
Applications, Combining the Advantages of Net263
Communication Products with that of SmartPay's Mobile
Payment Services

    SHANGHAI, China, April 10 /Xinhua-PRNewswire/ --
Shanghai SmartPay Jieyin Ltd. ("SmartPay"), the
electronic payment leader in China, recently reached a
cooperative agreement with Net263 Ltd. Shanghai Branch
("Shanghai Net263") to jointly promote
diversified payment solutions in the telecommunications
field.  The payment solutions will launch in April. 

    Shanghai 263 will be able to utilize payment solutions
via mobile, fixed line telephone, the Internet, and SVA
(Stored-Value-Account).  Net263, established in 1998, has
become one of the most important companies providing
Internet communication services based on innovative
technologies. 

    As a leader of electronic payment in China, SmartPay
has succeeded in exploring various payment services with
its innovative, secure and stable payment products.  With
the launch of http://www.172.com , SmartPay has centralized
its mobile, telephone and internet-based payment services in
one convenient portal for consumers. 

    Greg Shen, CEO of SmartPay, commented," SmartPay
will be continuously committed to the innovations on
payment solutions in more extensive fields, and promote the
realization of payment convenience to create an easy and
vogue life for people. 

    About SmartPay

    SmartPay provides remote payment services in China
under the brand name "Jieyin".  Chinese consumers
and intermediaries utilize SmartPay Jieyin for the payment
of mobile, utility, travel-related and other payments. 
Smartpay continues to launch additional payment services
under the "Jieyin" brand name.  Investors in
SmartPay include RRE Ventures ( http://www.rre.com ),
Evolution Capital, Lunar Group Capital, Accel Partners and
others. 


    For more information please contact:

     Carol Xiao, Public Relations
     SmartPay Jieyin Ltd.
     East Ocean Plaza II, 9th Floor,
     618 Yan'an East Road,
     Shanghai 200001 China
     Tel:   [phone]
     Fax:   [phone]
     Email: [e-mail]
     Websites: http://www.smartpay.com.cn
               http://www.172.com