Business Update

For immediate release: 14 September 2011

MoneySwap Plc

("MoneySwap", the "Group" or the "Company")

Business Update: Launch of QuickPayIT and Entry into First Contract

The directors of MoneySwap Plc (AIM:SWAP) (the "Directors"), the online peer-to-peer currency exchange and payment platform, are pleased to announce that later this month MoneySwap's QuickPayIT platform will be launched in Hong Kong.

QuickPayIT provides a secure online payment solution that allows individuals to pay merchants for goods and services online without either party having to key in or provide banking information. MoneySwap will then receive a fee from the merchant on a per transaction basis, QuickPayIT having been designed to integrate into a merchant's existing online payment system.

The Directors anticipate that revenues will additionally be earned on any foreign currency exchange transaction executed through QuickPayIT, as well as on payments made between users, or payments between users and their bank accounts.

The Group will market QuickPayIT both under the QuickPayIT brand as well as on a white-label basis for others to sell into specific vertical markets or geographic regions.

The Directors are also pleased to announce that MoneySwap has entered into an exclusive revenue sharing agreement with CasaPayer Limited ("CasaPayer") a wholly owned subsidiary of PCG Entertainment Plc ("PCGE"), allowing CasaPayer to market MoneySwap's newly launched online payment product, QuickPayIT, to the online Asian gaming market under the CasaPayer brand. The agreement with CasaPayer replaces the potential agreements disclosed in relation to Kolarmy Technology Inc. ("Kolarmy") in relation to QuickPayIT, further detail of which is contained in MoneySwap's Admission Document, and CasaPayer will now perform the obligations that had been expected to be performed by Kolarmy.

The Directors of MoneySwap believe CasaPayer is well placed to service the online Asia gaming market, CasaPayer's parent company having already established a significant online player base in the region through its Fugelman and Pilotman game playing and games' development platforms.

It is anticipated by the Directors that CasaPayer will be launched locally in Hong Kong in the last quarter of this year and rolled out across the region in the following year although the Directors do not expect that significant revenues will be generated for MoneySwap under the agreement with CasaPayer or under QuickPayIT for the immediate future. The initial term of the agreement between the MoneySwap and CasaPayer is for five years.

Richard Proksa, Chief Executive Officer of Moneyswap, commented: "We are pleased to be able to confirm the anticipated launch of QuickPayIT within the deadline we had set ourselves look forward to developing QuickPayIT as the payment solution of choice across a range of key markets in the Asia Pacific region."

Richard Poulden, CEO of PCG Entertainment, commented: "We believe this payment system will be a significant enhancement for our customers enabling simpler and lower cost in-game payments"

Kung-Min Lin and Richard Poulden, both non-executive directors of MoneySwap, are also directors of PCGE, of which CasaPayer is a wholly owned subsidiary.

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Notes to Editors

About MoneySwap (www.moneyswap.com)

MoneySwap Plc is a Gibraltar registered company, with operational headquarters in Hong Kong. Primarily focused on the Asia market, the Group operates an online foreign exchange platform which allows individuals and businesses to transfer money inexpensively. The Group's online exchange facility consolidates buy and sell prices, matches both buyers and sellers, and enables transaction settlement and international money transfers to take place through the global banking system. The Group has banking relationships with Barclays Bank plc in Europe, DBS Bank in Singapore as well as Standard Chartered plc, Hang Seng Bank and HSBC in Hong Kong together with various local domestic banks in other countries. Its shares are traded on the London Stock Exchange's AIM market (AIM:SWAP.L).