PAX Has Won the Tender by Sberbank of Russia

SHENZHEN, China, April 16, 2013 /PRNewswire/ -- PAX Technology Limited, a global provider of electronic payment solutions, today announced that, through the efforts of its distribution partner in Russia, which is the wholly-owned subsidiary of a large holding ITG - INLINE Technologies Group, has won one lot of the tender to provide 15,000 units of PAX D200 Mpos terminal to Sberbank of Russia during the period of 2013-2014, the largest bank in Russia and CIS.

The D200, PCI PTS 3.X approved, connects to a wide range of existing and new smart devices to keep up with an emerging marketplace, supporting Wi-Fi, Bluetooth or cable connection. The D200 was selected to provide the most cost effective non cash transactions to our clients with proven technologies.

Sberbank of Russia, the undisputed leader of the Russian banking industry, has the largest countrywide branch network with 17 regional head offices and more than 19 000 retail outlets, and aims to deliver the most effective and proven technologies, and in terms of D200 to provide non cash transactions with mobile and contactless interface.

Mr. Meng, Senior Sale Manager, said, "PAX won the tender thanks to the company's focus on providing cost effective and superior quality products to serve customers worldwide. We expect a substantial growth in sales and appreciation of our best acquiring equipment and advanced technologies in Russia and CIS territories in the nearest future."

For more information, please go to http://www.pax.com.cn/en/news/CompanyNews.aspx?n=119003002&i=100000105893752

About PAX (www.pax.com.cn)

Founded in 2001, PAX Technology Limited ("PAX") is a global provider of electronic payment solutions offering world-class, cost effective and superior quality payment solutions. Building on its service excellence and proven leadership position, PAX is considered one of the fastest growing payment solution providers with world-class manufacturing and R&D capabilities and a growing sales and channel partner network across the globe.

About Sberbank of Russia (www.sbrf.ru)

Sberbank of Russia, established in 1841, today is the largest credit institution in Russia and CIS, accounting for 26% of the aggregate Russian banking assets and 30% of banking capital. According to The Banker magazine, as of July 01, 2010, Sberbank was ranked 43th in the world in terms of Tier 1 capital.

For more information, please contact:

Latoya Li
Tel: +86-755-8616-9695
Email: lihx@paxsz.com