mPayment is a specialist payment solutions provider, e-commerce enabler and e-marketing solutions company.

Started by a team of four young payment and banking security professionals, it holds 4 new technologies - mPurse™, mDebit™, mCredit™ and mP2P™. mPayment's products include a PDA-based encryption and payment solution, and a joint STK (SIM Toolkit) development with a leading SIM card manufacturer.

mPayment's mPurse™ is a world-first end-to-end multi-mode stored-value micro-payment solution fully deployed on an extensive, secure and reliable multi-bank multi-merchant payment infrastructure. mPurse™ enables any user to send payment instructions via mobile, Internet, kiosk and data terminals to to Multi-mode Payment Gateway ("mPG") to authorize and instruct micro-payment from his virtual e-purse account to his designated merchant.

mDebit™ and mCredit™ enable a consumer to authorize and authenticate his instructions for payments and enable credit transactions or direct debit from his account in a participating bank and deliver payment record to a participating merchant. mP2P™ will enable mobile peer-to-peer micro-payments including cross-border transactions.

mPayment is in discussion with banks and merchant partners in the region and targets to complete and deploy mDebit™, mCredit™, mP2P™ and telco post-paid pilots.