PAX teams up with Telefónica & BBVA in Latin America

Shenzhen, 11th December 2015 – PAX Technology (HKEx 00327 PAX GLOBAL), a leading provider of secure electronic payment terminal solutions, launches a new retail payment initiative in partnership with Telefónica and BBVA.
These leading Spanish multinationals have chosen PAX as a preferred supplier of EMV, NFC and PCI compliant payment terminals to help expand their payments business from Peru, where the solution has first rolled out, into other South American countries.

PAX’s multilane smart PINpad model SP30 is being rolled out to Peruvian merchants to enable cardholders to pay by Chip & PIN, magnetic stripe or with NFC contactless enabled cards.
Mr. Augusto Peredo, Regional Manager at PAX commented, “We are delighted to partner with such reputable organizations as Telefónica and BBVA and together we are investing to offer advanced integrated retail payment solutions across the region.”

Mr. Richard Wang, Sales Manager at PAX added, “Customers consistently tell us that PAX payment terminals perform to the highest standards and we are confident of enabling ever quicker checkout times for Peruvian and other South American merchants.”

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).

About BBVA (
Banco Bilbao Vizcaya Argentaria is a multinational group providing financial services in over 31 countries, serving 51 million customers.

About Telefónica (
Telefónica is one of the largest telecommunications operators and mobile network providers in the world present in 21 countries and also operating the brands O2, Vivo and Movistar.