PAX Secures Major Win at Postal Savings Bank of China

Shenzhen, China – 13th October, 2015

PAX Technology (HKEx: 00327 – PAX GLOBAL), a global leader in the provision of secure electronic payment terminal solutions, has been selected by the Postal Savings Bank of China (“PSBC”) to deliver a full range of countertop and mobile secure electronic payment terminals.

With almost half a billion customers and over 40,000 branches, PSBC is one of the largest banks in China. PSBC has plans to become a major player in China’s merchant acquiring space, and selected PAX as the partner of choice to ensure reliable delivery of secure payment software to be run on a variety of PAX terminal models, including the mobile S90 terminal, countertop models S60, S78, S80, and the D800 multilane retail terminal.

Mr. Liang Pan, Sales Director at PAX, said: “PSBC chose PAX based on our expertise in delivering secure payment software and because of the proven superior quality of our POS terminal hardware.”

Mr. Jack Lu, CEO of PAX, added: “This new partnership with PSBC further reinforces PAX’s market leading position in China.” He concluded: “Today, PAX is probably one of the few global POS terminal providers that serve both China and international markets with the same product families and technology platform.”

About PAX (
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).