A Hong Kong mobile phone company is jumping on the electronic presentment bandwagon-and may be the first Asian biller to do so. Agreements with two U.S. companies would let Peoples Telephone Company Ltd. get around the region's lack of automated clearing houses for executing transactions.

By August, the three companies said, an Internet system for billing Peoples' customers should be up and running. The customers would pay their bills over the Internet too, using their credit or debit cards.

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