PAX, CCB Renew E-payment Tie-up

Shenzhen (China), 13 January 2015

PAX Technology Ltd., a leading global provider of E-payment Terminals, is pleased to renew its cooperation agreement for 2014/2015 with China Construction Bank (“CCB”) for E-payment Terminal Solutions and will continue to deliver superior E-payment Terminals to enhance the security of the bank’s acquiring network.

CCB will deploy PAX’s traditional E-payment Terminals as part of the bank’s nationwide upgrade and expansion of its installed base. The selected models include Countertop Payment Terminal S80 with Secure PINpad S200, Countertop Payment Terminal S78 with Secure PINpad S200, Hand-over Payment Terminal S60-S and Mobile Payment Terminal S90. The devices are equipped with high speed 32-bit ARM11 processors, massive amounts of memory, and large color screen displays. All terminals have been certified with the highest industry security standards. PAX’s broad product portfolio meshes perfectly with current market trends, and fully meet the rapid development of financial services’ needs.

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 maintained 10 overseas branches in Hong Kong, Singapore, Frankfurt, Johannesburg, Tokyo, Seoul, New York, Ho Chi Minh City, Sydney and Taipei. 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. Chao Huang, Key Account General Manager of PAX, stated: “Today, the prospects of the electronic payments are very bright, and will bring more opportunities for electronic payment terminals. PAX has always been committed to the continuous improvement of the bank card acceptance environment, and constantly strive to innovate and enrich its product line to better serve clients with superior, convenient and a secure level of products and services.”

About PAX (

PAX Technology Limited (“PAX”) 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 considered 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).