PAX Terminals Selected by Ecuador’s Largest Bank

Shenzhen, China – 16th September, 2015

PAX Technology (HKEx: 00327 – PAX GLOBAL), a global leader in the provision of secure electronic payment terminal solutions, has been selected by Ecuador’s largest bank, Banco Pichincha, to supply EMV compliant terminals.

PAX’s regional channel partner, KinPOS Corporation (“KinPOS”), worked closely with Banco Pichincha to develop and certify on the PAX platform.

To enhance its acquirer network security, the bank will deploy SP30 multilane smart PINpads, an EMV and PCI compliant device which accepts many types of payment transactions, including contactless, magnetic stripe and chip cards.

Mr. Mauricio Fermayer, CEO at KinPOS, said“We are delighted to serve Banco Pichincha and look forward to a long-term partnership as their provider of secure electronic payment solutions.”

Mr. Richard Wang, Latin American Sales Manager at PAX, concluded, “PAX continues to be recognised as a global force in the POS terminal space, and continues to win market share in Central and South America thanks to our high quality products and reputable channel partners such as KinPOS.”

~ End ~

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 Banco Pichincha (

Banco Pichincha is the largest bank by capitalization and number of depositors in Ecuador. Banco Pichincha is within the Main Bank of Pichincha Group. The bank has more than one and a half million customers, more than 1.5 billion dollars in its portfolio of loans, and more than 200 agencies in the country.