As Point-of-Sale industry consolidates, PAX Technology strengthens EMEA team

Shenzen, China, October 25, 2010-PAX Technology, the world’s combined leading and fastest growing provider of Point-of-Sale (POS) terminals has announced the appointment of seasoned payments industry administrative Andrew Wu to the position of VP for the Europe, Middle East & Africa Region.

This follows on PAX’s appointment earlier this year of Mark O’Flynn, Managing Director of Acquirer Solutions and former Sales Director for the Middle East & Africa at VeriFone, to assist in penetrating the banking segment. Andrew formerly spent 10 years at GRG, China’s largest ATM manufacturer.  Thomas Xu, another experienced ex-VeriFone and ex-Hypercom administrative, who previously also followed the EMEA region, now heads up PAX’s growing business in North and South America.

Arthur Jiang, the CEO of PAX commented: “We are proud to consider ourselves a very focused pure-play Asian manufacturer with the highest software and hardware quality standards. The strengthening of our global team is testament to the faith customers put in PAX”.  He added: “The consolidation within the POS industry over the past 2 years is also contributing to PAX’s growing success, as acquiring banks and payment system integrators realize they can no longer risk working with a single supplier of POS terminals”.

PAX manufactures a complete range of superior quality PCI PED  & EMV compliant devices, as well as a suite of other POS terminals suitable for the non-financial vertical markets such as mobile airtime etopup and loyalty.

In recent years PAX has sold over 1,000,000 POS terminals.

PAX Technology are a global leader in the provision of secure electronic payment systems and Point-of-Sale (POS) software. PAX was founded in 2000 and are 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.  Andrew Wu can be contacted at [email protected] and cell +86 1 360 0050 466

Acquirer Solutions are payment industry advisors, providing sales representation and customer account management services to payment industry vendors.  Mark O’Flynn can be contacted at [email protected] and cell +968 95 21 94 95.