Bank of Communications Selects PAX POS Solutions

Shenzhen, China – Nov. 30, 2013

PAX Technology, a leading global provider of electronic payment terminals, today announced that the Bank of Communications (BoCom) in China has officially selected PAX, through a tender process, to provide POS terminal solutions going into 2014.

The range of PAX products approved by BoCom include countertop, mobile and integrated retail devices which are fully PCI, EMV and Contactless certified.

BoCom has been a customer and business partner of PAX since 2004, and PAX is proud that PAX has been given the opportunity to continue providing our world-class payment solutions to the Bank.

Established in 1908, the Bank of Communications is one of the banks to have issued banknotes in modern Chinese history. Today it is one of 5 major state-owned banks and is a major player in the Chinese issuing and acquiring space.

About PAX (

PAX Technology Limited (“PAX”) is an innovative global provider of electronic payment solutions offering world-class, cost effective and superior quality payment solutions. Building on its service excellence and proven leadership position, PAX is considered one of the fastest growing payment solution providers with world-class manufacturing and R&D capabilities and a growing sales and channel partner network across the globe.