Shenzhen, China, 16th February 2016
PAX Technology (HKEx: 00327 – PAX GLOBAL), a global leader in the provision of secure electronic payment terminal solutions, has established a long term strategic partnership with Samsung to implement the new “Samsung Pay” mobile NFC enabled transaction payment method in PAX E-payment Terminals.
Samsung Pay supports contactless payments and magnetic secure transmission (MST) technology that works both with NFC-based terminals as well as traditional payment terminals. PAX is implementing Samsung Pay on its entire range of countertop, mobile, mPOS, PINPad and multilane terminals.
Mr. Yongqiang Qi, Vice President at PAX, said, “We are proud to partner with Samsung in bringing this fast and secure mobile payment service to Chinese consumers”. He concluded, “PAX and Samsung remain at the forefront of electronic and mobile payment innovation in the China market, and we look forward to extending this partnership internationally.”
About PAX (www.pax.com.cn)
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).