PAX Wins the Tender by China’s Rural Credit Banks Funds Clearing Center

Shenzhen (China) – 8 October 2012

PAX Technology Limited, a global provider of electronic payment solutions, has won the tender held by the Rural Credit Banks Funds Clearing Center to provide the state-of-the-art countertop POS terminals S80, S78 and PINpad SP20. PAX out-performed over 10 other competing bidders for the business, a sign of the company’s ongoing success and business acumen.

China’s Rural Credit Banks Funds Clearing Center has been approved to establish by People’s Bank of China, consisting of more than 30 banking institution across China including Rural Credit Union, Rural Commercial Bank and Rural Cooperative Bank.

Cooperating with Rural Credit Union and Rural Commercial Bank from 2007, PAX won the tender thanks to the company’s focus on providing cost effective and superior quality products to serve customers worldwide.

About PAX (www.pax.com.cn)

PAX Technology Limited (“PAX”) is a 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 in Asia, 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.