PAX Teams up With Three Major Banks in Indonesia

Shenzhen (China), 3 September 2014

PAX Technology Ltd., a leading global provider of electronic payment terminals, is pleased to begin cooperating with three major banks in Indonesia as a chosen technology enabler to help boost efficiency in non-cash transactions in Indonesian market.

These three banks are among the top largest banks in Indonesia: Bank Negara Indonesia(“BNI”), Bank Rakyat Indonesia(“BRI”)and Bank Mandiri. The market share of three state banks is at least 50% of total merchant transaction volume in Indonesia, with approximately 50 million total customers and over 350,000 payment terminals deployed.

PAX will provide the banks and their merchants with its S80 countertop payment terminals to cater to their business needs, with more and more customers increasingly choosing credit or debit cards over cash as their preferred method of payment. This synergy will enable PAX to join forces to expand the cards acceptance networks in Indonesia, as well as bring a faster, more convenient and more reliable set of services to consumers.

Mr. Leo Chang, Sales Director of Asia Pacific Region at PAX, said:”We are proud to partner with the three major Indonesian banks in bringing the benefits of card acceptance to merchants, as well as enhancing services offered to cardholders.”
About Bank Negara Indonesia (
Established in 1946 as the first bank formed and owned by the Indonesia Government, BNI has wide ranging service network, comprising 1,585 domestic outlets, 5 overseas branches in New York, London, Tokyo, Hong Kong, Singapore, and 8,277 ATMs.
About Bank Rakyat Indonesia (
Established in 1895, BRI is the oldest bank in Indonesia and one of the leading Indonesian commercial banks. It has over 10,000 outlets and business focusing on banking services in micro, small, and medium enterprises.
About Bank Mandiri (
Headquartered in Jakarta,Bank Mandiri is Indonesia’s largest financial institution by assets. Bank Mandiri offers businesses and individuals throughout Indonesia a full set of banking and non-banking products and services. The company also serves international clients with subsidiaries, branches and representative offices in London, Hong Kong, Malaysia, Singapore, Timor Leste, Shanghai, and the Cayman Islands.

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.