02 Jun PAX Partners with Bulgaria Intercard Finance to Target on European Individual Payment Market
Shenzhen (China), June 2nd, 2015 – PAX Technology Limited, a leading global provider of secure electronic payment terminals, teamed with Intercard Finance, a pioneer of individual payment solutions in Europe, to showcase at MWC 2015 (Mobile World Congress 2015) in Barcelona. During the exhibition, Intercard Finance showcased a suite of mPOS solution themed “myPOS” which was based on D200/D210 of PAX. The suite drew a lot of visitors’ attention.
mPOS payment solution is one of the newest electronic payments in the world. It gains popularity in the payment business field given its convenience for micro-merchant. As the pioneer of individual payment solutions in European payment market (especially in Eastern Europe), Intercard Finance keeps winning more and more attentions and practical implementations in the market. With its unique and innovative business model, Intercard Finance also obtained substantial support in the new field of electronic payment from some card associations such as MasterCard.
Mr. Christo Georgiev, the founder of Intercard Finance stated, “We trust that it will definitely create the revolutionary waves of individual payment not only in European market but global market, by combining Intercard Finance’s expertise in its flexible, creative and innovative payment solutions, and the superior products of PAX. We believe that a new generation payment service is interactive, intuitive and is delivered in the most flexible and cost effective way for our clients regardless of national borders.”
Mr. Andrew Wu, Vice President of PAX stated, “With mPOS products we are fulfilling a totally new segment of payments where the mass number of S&M merchants in the bottom layer of pyramid now have a way to acquire card transactions. PAX is proud to be one of the pioneer in mPOS solutions.”
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. (0327.HK).
About Intercard Finance (www.icard.com)
Set up in 2007, Intercard Finance is Payment Institution and Electronic Money Institution, that holds full membership license of MasterCard, VISA, JCB and SWIFT and is authorized under the Payment Services Directive (PSD 2007/64 EC) and under the e-Money Directive (2009/110/EC). Intercard Finance has a license for issuing and acquiring of payment cards bearing the logos of MasterCard and VISA. Intercard Finance is authorized to issue, distribute and redeem electronic money, including prepaid cards and execute payment transactions with them worldwide. Being a member of SWIFT (the Society for Worldwide Interbank Financial Telecommunication), Intercard Finance is able to conduct its business operations with speed, certainty and confidence with more than 9,000 banking organizations, securities institutions and corporate customers in 209 countries.