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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 (
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 (
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).