PAX and CCV Germany teamed up to introduce an Innovative mPOS Solution into the European Market

PAX and CCV Germany teamed up to introduce an Innovative mPOS Solution into the European Market

Shenzhen (China), 16th April 2015 – PAX Technology Limited, a leading global provider of secure electronic payment terminals, and CCV Germany, a leading international organization specializing in electronic payments, have tied up to launch a mPOS Day Event at Alexanderplatz in Berlin. PAX showcased its innovative mPOS solution (D200/CCVfly) and advanced payment terminals (S300/CCVpad, S800/CCVbase, S900/CCVgo) to key network of channel partners of CCV in Germany. The strategic partnership agreement between PAX and CCV was officially announced during the event. With this agreement, both companies would join hands to further explore the European payment markets.

The mPOS solution is a great hit of the new electronic payment service in the world, attracting the global attention with its benefits of flexibility, ease of use and speed, whilst gaining more and more endorsements from users in Europe. As a leading electronic payment services provider in Europe (especially in the Netherlands, Belgium, Luxembourg, Germany and Switzerland), CCV has established a closer collaboration with PAX during the last three years. Both companies jointly increase the Europe’s mPOS market expansion that based on in-depth customization of D200/CCVfly to meet strict quality and certification requirements in Germany, the Netherlands and other markets. Currently, D200/CCVfly, S300/CCVpad, S800/CCVbase and S900/CCVgo have all obtained the German DK certification. All models have been given to the end customers for testing and trial running, and D200/CCVfly has been shortlisted for tenders of German railway programs.

Mr. Günther Froschermeier, Vice President of Research & Development at CCV Germany, stated: “PAX’s new innovative products bring new vitality into our traditional payment services in European markets, and this would shed light on our further development in our services. After an intensive common development and testing period, we are greatly satisfied with the product appearance, performance, quality and services that PAX offered.”

Mr. Andrew Wu, Vice President of PAX, stated:“Through three years of indefatigable efforts and improvements, our products have become more reliable to cater the target market segments, so as to make our collaboration with CCV more consolidated and mature. We have strong confidence to record remarkable achievements in 2015. The recent momentum in European markets would encourage PAX products and brand awareness to a new level of global scale.”

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 products. Building on its service excellence and proven leadership position, PAX is one of the fastest growing payment industry suppliers with state-of-the-art manufacturing facilities, excellent R&D capabilities and a worldwide network of sales and channel partners. PAX is listed on the Hong Kong stock exchange as PAX Global Technology Ltd. (0327.HK).

About CCV (www.ccv.eu)

CCV is an international organization specializing in electronic payments in the Netherlands, Belgium, Luxembourg, Germany and Switzerland. In Europe, CCV is one of the major providers of payment solutions.

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