08 Nov PAX Over-takes Other Suppliers as Point-of-Sale Market Leader in Iran
Shenzhen (China) & Tehran (Iran), 8th November 2011 – PAX Technology Limited, a leading manufacturer of Point-of-Sale terminals has already shipped over 150,000 POS units to Iran in 2011, positioning the PAX brand as the new market leader.
Even though Verifone knowingly continues to penetrate the market by shipping into Iran, and despite similar efforts from Ingenico, PAX’s local channel partner Tosan has once again positioned itself as the leading payment system integrator in the country.
Mr. Mohammad Mazaheri, VP of Marketing & Customer Affairs at Tosan, a long-time payment solutions provider to Iranian banks, commented: “We are delighted with the PAX portfolio of products and consider theirs probably the best POS terminal platform we have ever come across”. He added: “Feedback from our customers is that PAX terminals offer the fastest speed of transaction and by far the lowest failure rates”.
Tosan, formerly known as Kishware, used to distribute Sagem POS terminals, but after Sagem’s acquisition by Ingenico decided to conduct an audit of numerous POS terminal manufacturers, before settling on PAX as a long-term partner.
Mr. Andrew Wu, VP for the EMEA region at PAX, added: “PAX continues it’s phenomenal global growth thanks to our higher quality POS products, high-tech product roadmap and a more cost-effective strategy resulting from much lower overheads than our competitors.”
PAX will be exhibiting at the Cartes trade show in Paris (France) on November 15-17 next.
About PAX TECHNOLOGY LIMITED (www.pax.com.cn)
PAX is a global leader in the provision of secure electronic payment systems and Point-of-Sale (POS) software. PAX was founded in 2000 and is one of the fastest growing POS suppliers. The company’s goal is to provide superior product quality and the highest levels of professional service and support to clients.
About TOSAN (http://tosan.com/en)
Formed by a group of banking and software specialists Tosan Co. (formerly known as Kishware) was founded in 1997. The company’s core focus is to produce banking and payment software to service the needs of Islamic Solutions aside regular banking systems. Tosan products include Core Banking Systems, Card and Payment Solutions, Islamic Credit Card Systems, Virtual Banking and Business Intelligence Systems.