Shenzhen (China), 20 August 2014
PAX Technology Ltd., a leading global provider of electronic payment terminals, is pleased to renew the cooperation agreement with Agricultural Bank of China (“ABC”) for E-payment Terminal Solutions and continue to supply E-payment Terminals for ABC and its branches at all levels.
PAX will offer ABC the payment devices accordingly including the countertop, portable, mobile and wireless terminals, smart card terminals which adhere to the most stringent of industry standards including PCI PTS, SRED, EMV, etc.
ABC is one of the “Big Four” state-owned banks in the People’s Republic of China. Founded in 1951 and headquartered in Beijing, ABC has nearly 24,000 branches across mainland China as well as in Hong Kong, London, Tokyo, New York, Frankfurt, Sydney, Seoul and Singapore. PAX has been ABC’s long term and stable partner since 2007.
PAX thus demonstrates its excellent product quality and good corporate reputation in allowing ABC to firmly trust in this new round of cooperation. Both companies will team up to provide a more convenient, secure and efficient payment services modality for consumers, as well as further enhance the developments of China’s electronic payment industry.
About PAX (www.pax.com.cn)
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.