ICARD Showcases PAX MPOS D200 & D210 at Mobile World Congress 2016

Shenzhen, China, 2nd March 2016

PAX Technology (HKEx: 00327 – PAX GLOBAL), a global leader in the provision of secure electronic payment terminal solutions, together with Intercard Finance (“ICARD”), a key strategic business partner for PAX in Europe, has showcased the mPOS models D200 and D210 at Mobile World Congress 2016 in Barcelona, Spain on 22nd – 25th February 2016.

ICARD offers micro merchants a range of innovative payment services. Combined with the superior products manufactured by PAX Technology, ICARD has been growing rapidly throughout continental Europe.

Mr. Christo Georgiev, Founder and CEO of ICARD stated, “The European payment landscape is changing rapidly, with the acquiring business of small merchants becoming increasingly attractive to serve”. He added, “The PAX brand in Europe is increasingly recognized by merchants as representing high quality payment terminals and we have been delighted with the strong levels of support provided to us by PAX.”

Mr. Jack Lu, CEO at PAX said, “ICARD is a prime example of how a payment processor has been using innovative PAX terminals to attract a new class of retail merchant.”He concluded: “We are seeing this growth momentum in Europe helping to bring PAX’s brand awareness to even higher global levels.”

About PAX (www.pax.com.cn)
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 Intercard Finance (www.icard.com)
Set up in 2007, Intercard Finance is Payment Institution and Electronic Money Institution, that holds full membership license of MasterCard, VISA, JCB and SWIFT and is authorized under the Payment Services Directive (PSD 2007/64 EC) and under the e-Money Directive (2009/110/EC). Intercard Finance has a license for issuing and acquiring of payment cards bearing the logos of MasterCard and VISA. Intercard Finance is authorized to issue, distribute and redeem electronic money, including prepaid cards and execute payment transactions with them worldwide.