Shenzhen, China – 17 June 2013

PAX Technology Ltd., a leading global provider of electronic payment solutions,has secured a tender with Bank Mandiri in Indonesia to provide 10,000 units of contactless R50 readers.

PAX contactless R50 reader complies with the latest payment standards in accordance with VISA and MasterCard; furthermore, it enhances payment experience, and customer loyalty by incorporating contactless credit card, prepaid and debit solutions.

Paulinus Koesoemo, VisioNet’s President Director said: “In order to support Bank Mandiri’s rapidly growing business, VisioNet –PAX distributor and Mandiri’s biggest partner in EDC service – is confident to support Mandiri using contactless R50 readers.”

“With all the features in PAX R50 reader, we believe that we can enrich Bank Mandiri’s line of product and boost Mandiri’s ever growing sales activities” by Liely Kartika Sari, Sales & Marketing Director of VisioNet.

“Our continuing success with Bank Mandiri lets us expand our market presence in Indonesia and we are grateful for the opportunity to work with Mandiri – the largest bank in Indonesia by asset. Furthermore, I am delighted to be working closely with our partners and supporting each other toward a mutual and committed objective – it is the main reason for us winning the tender” said Leo Chang, Sales Director at PAX.

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.

About Mandiri (
Bank Mandiri, headquartered in Jakarta, is the largest bank in Indonesia in terms of assets, loans and deposits. Bank Mandiri currently maintains over 11,000 Automatic Teller Machines (ATMs), and 200,000 POS Terminals in Indonesia and also has over 1700 branches spread across three different time zones in the Indonesian archipelago.