PAX Technology Secures Orders for POS terminals in Egypt, North Africa

Shenzhen, China – 7th May 2013

PAX Technology Ltd., a global leader in the provision of secure electronic payment solutions, today announced the appointment of the Egyptian Bureau for Engineering (EBE) as official PAX channel partner to deploy point of sale terminal solutions for acquiring banks, mobile airtime providers and government agencies in Egypt and surrounding countries such as Sudan and Libya.

PAX have secured orders from EBE for over 3,000 countertop S80 terminals enabled with GPRS communication, further growing the company’s market share in the region.

Dr. Ibrahim Sanad, CEO at EBE, said: “we had been deploying thousands of POS terminals from another vendor, and successfully so, but in PAX we recognised a supplier with a larger portfolio of devices, a truly global presence, and the financial solidity to keep up to date with the latest international payment industry compliances”.
Mark O’Flynn, Sales Director at PAX, added: “We are delighted that EBE have chosen PAX, this is another in a long line of experienced payment system integrators in the EMEA region who appreciate PAX’s credibility as a highly focused and reliable point of sale terminal supplier to partner with”.

About PAX (www.pax.com.cn)
PAX Technology Limited is a global provider of electronic payment solutions offering world-class, cost effective and superior quality payment solutions. Building on its service excellence and proven leadership position, PAX is ranked as one of the fastest growing payment solution providers with world-class manufacturing and R&D capabilities and a growing sales and channel partner network across the globe.

About EBE (www.ebetech.com.eg)
The Egyptian Bureau for Engineering is headquartered in Cairo and specializes in point of sale terminal solutions, card issuance personalization systems as well as network maintenance and support services.