PAX Secures Major Win at China UnionPay Merchant Services

SHENZHEN, China, Dec. 30, 2016 /PRNewswire/ -- PAX Technology (HKEx: 00327 - PAX GLOBAL), a global leader in the provision of secure electronic payment terminal solutions, is pleased that China UnionPay Merchant Services ("UMS") has selected PAX to supply secure payment devices to over 6 million merchants during 2017.

As one of the largest merchant acquirers in the world, UMS will be leveraging the full PAX product portfolio. Particular emphasis is being placed by UMS on the innovative A920 Android terminal which offers high levels of application customization to meet different merchant demands of procurement, logistics, inventory and business management. Other PAX devices to be deployed include countertop models, S78, S80 and S800 all in combination with the new SP20 V4 contactless PINpad, S60, S500, mobile terminals S90, S900 & D210, the D180 mPOS, smart PINPads SP30 & S300, the smart self-service desktop payment terminal D800 and the all-in-one smart ECR payment terminal D820.

Mr. Yongqiang Qi, Vice President for China Sales at PAX, stated, "The winning of this large UMS tender will further strengthen PAX's leading market position in China, as has been happening globally for the past couple of years."

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).

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