Phishing skills to hide domain name in URL

This is the link I find in a phishing email.

http://%7a%68%61%6e%67%2e%6d%79%74%
77%2e%6e%65%74/

Average users can not tell what the % and codes after % mean. In fact, the sender is using the HEX value of ASCII characters. By looking at the ASCII table, the above link can be translated as : http://zhang.mytw.net