Turkey Strategy for PAX Enhanced Through Derpos Partnership

Shenzhen, 22th September 2014

PAX Technology, a leading global provider of secure electronic payment terminals, and Derpos, a Turkish payments systems integrator setup by senior payment industry executives, have signed a partnership agreement which sets the scene for PAX to become E-payment Terminal and mPOS brand in Turkey.

Mr. Soner Casur, CEO of Derpos, commented: “With close to three million E-payment Terminals installed, Turkey is a dynamic market which is a natural fit for a leading global supplier like PAX.”

Turkey recently legislated that all fiscal cash registers and E-payment Terminals have to be upgraded and combined to be part of a unified system. It necessitates the deployment of smart EMV PIN pads or even new types of fiscal E-payment Terminals to cater for such requirements.

Mr. Ayhan Erdogan, a Director of Derpos, said: “The vertical market segment for E-payment devices in Turkey is also large, and this is another key area of focus for PAX offerings.”

Mr. Mark O’Flynn, Sales Director at PAX Technology concluded: “The value which Derpos brings to PAX in terms of customer relationships and long-term payment industry experience is priceless, and we are absolutely delighted to have such a strong sales focused team on board.”

About Derpos (www.derpos.com.tr)
Derpos is a payment systems integrator, established by senior payment industry executives (Mr. Soner Casur and Mr. Ayhan Erdogan). Derpos has a team of experienced E-payment Terminal developers as well as certified repair centres and offers a wide variety of specialized solutions for acquiring banks, value added integrators and retail merchants.

About PAX (www.pax.com.cn)
PAX Technology Limited (“PAX”) 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 considered 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).