Bank of Communications in China Selects PAX as Preferred Terminal Vendor

Shenzhen (China), 25 July 2016
PAX Technology (HKEx: 00327 – PAX GLOBAL), a global leader in the provision of secure electronic payment terminal solutions, is pleased to become the selected payment terminal supplier to Bank of Communications (“BoCom”) to power its POS network solutions in 2016.
The selected models include Countertop Payment Terminal S80, Countertop Payment Terminal S78, Hand-over Payment Terminal S60-S/S60-T and mPOS D180 and D210. These models have passed rigorous testing procedures and successfully obtained special cryptographic certification from China’s State Encryption Administration Commission. This year PAX once again leverages its expertise in payment solutions to collaborate with BoCom to provide more convenient, secure and efficient payment products and services for consumers, as well as further improving Chinese customers’ payment experience.
Mr. Yongqiang Qi, Vice President at PAX, stated, “We are very grateful for BoCom’s long term trust. As always, PAX will continue to keep innovating to better serve clients with superior, convenient and secure solutions and services.”

About PAX (
PAX Technology 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 Bank of Communications (
Established in 1908, BoCom is among the top five leading commercial banks in China, with its business scope covering commercial banking, securities, trusts, financial leasing, fund management, insurance and offshore financial services among others. BoCom has a nationwide and internationally oriented business network, with branches and outlets in developed regions, central cities and international financial centers.