PAX Technology Renews Large Volume Deal With China UnionPay Merchant Services - PAX Technology Inc.
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PAX Technology Renews Large Volume Deal With China UnionPay Merchant Services

PAX Technology Renews Large Volume Deal With China UnionPay Merchant Services

Shenzhen, China, 5th January 2016

PAX Technology (HKEx: 00327 – PAX GLOBAL), a global leader in the provision of secure electronic payment terminal solutions,  has attained the renewal of contractual agreements to supply China UnionPay Merchant Services (“UMS”) throughout 2016.

UMS is China’s leading acquirer, managing over 6 million E-payment Terminals installed at approximately 4 million merchants in 337 cities.

PAX will provide UMS with a wide range of secure payment devices including countertop models S58, S60, S78, S80, S500 & S800, the smarter countertop terminal D800, mobile terminals S90, S900 & D210, mPOS D180, PINPads SP20, SP30 & S200, smart card terminals T610 & T620, and telephone POS T52.

Mr. Yongqiang Qi, Vice President for Sales at PAX, stated, “PAX’s superior product quality and reputation for service excellence were key factors in UMS’s decision to renew the supplier relationship going into the next financial year.” He concluded, “We expect to receive substantial orders, beginning with Q1 in 2016 and following through each subsequent quarter.”

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).