CIELO Selects PAX mPOS Solution

Shenzhen (China), 12 November 2013

PAX Technology, a leading global provider of electronic payment terminals, announced that PAX offers D200 mPOS device to Cielo Mobile Solution, which is the first in Brazil’s market to offer debit card and voucher payment methods, or the Credit function in up to 48 installments, in addition to regular credit or credit in up to 6 installments through the chip card reader and pin.

To enjoy the advantages of the new Cielo Mobile, autonomous professionals, small entrepreneurs and merchants may count on the easiness of the D200 Cielo chip card reader and pin, connected to the smartphone or to the tablet via Bluetooth. For the cardholder, the advantage is the peace of mind when typing the password directly in the reader D200, increasing safety perception.

The D200 is now a Visa Ready and MasterCard approved MPOS terminal, packed with the latest international certifications including Contactless, PCI PTS 3.x, SRED and EMV levels 1 & 2. Payment initiated by mobile applications on smart devices can be completed on the D200 devices by EMV smart card readers, magnetic stripes or inbuilt contactless systems. Multiple connectivity options include Wi-Fi, Bluetooth and USB cable.

About PAX (www.pax.com.cn)

PAX Technology Limited (“PAX”) is an innovative 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 considered 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 CIELO (www.cielo.com.br)

CIELO is the leading company in the merchant acquiring and payment processing industry in Brazil in terms of credit and debit card transaction volume. They have approximately 1.3 million active merchants and are also present in more than 99% of Brazilian municipalities.