Shenzhen (China), 13 May 2016
PAX Technology (HKEx: 00327 – PAX GLOBAL), a global leader in the provision of secure electronic payment terminal solutions, is pleased to renew its cooperation agreement for 2016/2017 with China Construction Bank (“CCB”) for E-payment Terminal Solutions and will continue to deliver superior E-payment Terminals to the bank and its branches.
CCB will deploy PAX’s E-payment Terminals as part of the bank’s nationwide upgrade program. The selected models include Countertop Payment Terminal S80 with Secure PINpad S200/S200+2D (QR Code integrated PINPad), Countertop Payment Terminal S78 with Secure PINpad S200/S200+2D, Hand-over Payment Terminal S60 and Mobile Payment Terminal S90. These selected models have passed rigorous testing procedures and successfully obtained special cryptographic certification from China’s State Encryption Administration Commission.
In order to cater the O2O development trend in China, CCB selected PAX’s newly added feature of PINpad S200, which used together with the Countertop Payment Terminal S80/S78, with its 2D bar code scan, enabling a quick code payment transaction while also improving user experience.
Established in 1954, CCB is among the “Big Five” state-owned commercial banks in China. PAX has forged a long term and stable relationship with CCB since 2006. This year PAX will once again collaborate with CCB to expand the growing demand of electronic payments in China.
Mr. Yongqiang Qi, Vice President for Sales at PAX, stated, “PAX demonstrates its excellent product quality and good corporate reputation in allowing CCB to firmly trust in this new round of cooperation. This partnership will further consolidate PAX’s presence in the China market and drive further revenue opportunities in the market in 2016.”
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 China Construction Bank (www.ccb.com)
Established in 1954, CCB is among the “Big Five” state-owned commercial banks in China, with its business scope covering corporate banking, personal banking and treasury operations. The bank has a network of over 14,000 branches and sub-branches in Mainland China, and maintains 10 overseas branches in Hong Kong, Singapore, Frankfurt, Johannesburg, Tokyo, Seoul, New York, Ho Chi Minh City, Sydney and Taipei.