PAX Launches QR Code-Based Solution to Serve Mobile Payment Markets - PAX Technology Inc.
883
post-template-default,single,single-post,postid-883,single-format-standard,ctct-bridge,mega-menu-top-navigation,ajax_fade,page_not_loaded,,hide_top_bar_on_mobile_header,qode-theme-ver-10.1.1,wpb-js-composer js-comp-ver-6.0.5,vc_responsive
 

PAX Launches QR Code-Based Solution to Serve Mobile Payment Markets

PAX Launches QR Code-Based Solution to Serve Mobile Payment Markets

Shenzhen (China) , 19 June 2015

 

PAX Technology (HKEx: 00327 – PAX GLOBAL), a global leader in the provision of secure electronic payment terminal solutions, has unveiled the fully integrated QR code compatible NFC & EMV enabled mobile device.

 

Retailers can use the 2D (“2-Dimensional”) scanner on the PAX S900 mobile terminal to read QR (“Quick Response”) codes on consumer Smartphones to identify coupons, reduce queuing times, and improve data collection. Likewise the large color touch screen on the S900 can display QR codes that can be read and processed by Smartphone cameras.

 

From a mobile payments perspective, QR codes contain massive amounts of information that offer an improved shopping experience for both consumers and merchants. QR codes work on different Smartphone operating systems, are used to store bank account or credit card information, and can be specifically designed to work with particular payment provider applications. In China, as an example, major payment industry players such as UnionPay, Tencent and Alipay have recently implemented QR codes to enhance the consumer shopping experience.

 

Mr. Andrew Wu, Vice President of PAX stated, “Today, mobile payments are fast developing, with a wide variety of payment modes coming out. PAX continues to innovate by adapting our EMV and NFC enabled devices to accept new mobile payment methods while still ensuring secure payment with tradition credit and debit cards.”

 

The S900 mobile payment terminal comes packed with all payment industry and contactless NFC certifications, optional inbuilt 2D scanner, and features a brightly lit color touch screen powered by a 32-bit ARM11 processor.

 

 

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 cutting edge technology and service excellence, 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. (00327.HK).