Andy Chau Appointed as President & CEO of PAX in the USA

New York, USA & Shenzhen, China, February 28, 2011 – PAX, the leading global provider of innovative electronic payment terminal products, today announced the appointment of Andy Chau as President and Chief Executive Officer of PAX’s United States operations, effective immediately. Mr. Chau is responsible for directing and driving business activities in the United States for PAX, one of the fastest growing point-of-sale (POS) solution providers in China. He replaces Michael Mulcahy, who has left PAX to pursue other opportunities.

“The North America market is a key component of PAX’s recent announced initiative to increase global market share when the Company went IPO on the Hong Kong Stock Exchange,” said Mr. Tiger Nie, Chairman of PAX.

“With Mr. Chau’s appointment, PAX has shown its commitment to the operations in the United States of America and Canada. The Company will retain and build channel sales and technical resources in North America to provide excellent products and enhanced services to partners and customers of PAX in this region.”

Mr. Chau has over 15 years of industry experience. Prior to joining PAX, Mr. Chau co-founded and served as the CTO for SoundPOS which was acquired by a private investment firm in 2010. Prior to SoundPOS, Mr. Chau was the Vice President of technology at Hypercom, a provider of electronic payment solutions and services. Previously, Mr. Chau co-founded TPI Software in 2001 and served as the CTO until TPI Software was acquired by Hypercom in 2006. Mr. Chau holds a Master Degree in Information Technology from the Harvard University, a Master Degree in Electrical Engineering from the University of Wisconsin at Madison and a Bachelor Degree in Computer Science from the State University of New York at Buffalo.


PAX Technology 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 globally.  The company’s goal is to provide superior product quality and the highest levels of professional service and support to clients.