Moldovan banks set to benefit from PAX partnership with Tehnofin

Shenzhen (China), 13th April 2012 — PAX Technology Limited, the leading Point-of-Sale (POS) terminal provider, has entered the Moldovan payments market by appointing local company Tehnofin as channel partner.

Tehnofin’s founder, Sergiu Talpa, commented: “We aim to provide Moldovan banks and other customers with innovative software applications based on PAX’s wide range of POS terminals”.

Mark O’Flynn, Sales Director at PAX, added: “The combination of Sergiu’s background at leading payment system integrator Printec, and the proven superior quality of PAX terminals in other markets, will undoubtedly provide substantial cost savings and more choice to local Moldovan customers”.

Tehnofin will be offering PAX’s EMV and PCI compliant S90 mobile GPRS and WiFi enabled POS terminal, the countertop models S80 and S58, and multilane SP30 and SP20 pinpad.

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About PAX Technology

PAX Technology Limited 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 in Asia, 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.

Contact Mark O’Flynn on +968 95 21 94 95 or [email protected]

Visit http://www.pax.com.cn

About Tehnofin

Tehnofin S.r.l provides POS terminal solutions as well as card personalization systems, banking cards and payment software development services. Head office is located at 48 Mircea cel Batrin Ave., of. 46, Chisinau, MD-2075, Moldova.

Contact Sergiu Talpa on + +373 691 77 125 or [email protected].