Banesco Certifies PAX Payment Terminals

Shenzhen, China – 1st September, 2015

PAX Technology (HKEx: 00327 – PAX GLOBAL), a global leader in the provision of secure electronic payment terminal solutions, and Site One S.A, the regional PAX channel partner and one of the largest processors in Venezuela, have announced the successful passing of the transaction testing on PAX payment terminals by Banesco, one of the largest financial institutions in Venezuela, to supply superior quality payment terminals to enhance the security of the bank’s merchant acquiring network.

Currently, Banesco has certified PAX S80 countertop and S90 portable terminals, as well as  the D200 mPOS device.

Mr. Larry Sun, Vice President of the Latin American region at PAX, said: “PAX has proven itself as a trusted partner for Banesco in terms of our solid product quality and high levels of technical support”.

About PAX (
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 Banesco (
Banesco Banco Universal CA is one of the largest banks in Venezuela. It operates over 440 branches located nationwide, as well as foreign offices established in Panama, Puerto Rico and the United States.

About Site One S.A (
Site One S.A is one of the largest processors in Venezuela, also serving the majority of state-owned banks and commerical banks for customized software applications. The company has over 10 years of industial experiences, with foregin offices in the United States and Caribbean countries.