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China UnionPay Merchant Services Selects PAX Technology as Preferred Payment Terminal Supplier

· Press Releases

PAX Technology Limited (HKSE stock code: 00327.HK), a leading provider of electronic payment terminal solutions and related services, has announced that China UnionPay Merchant Services (UMS) has selected PAX as its main Point of Sale (POS) terminal supplier for 2019.

UMS is a subsidiary of China UnionPay, and is the leading payment service provider in China and one of the largest merchant acquirers in the world. The partnership with UMS began in 2012, and in 2017 PAX was chosen to supply over 6 million merchants with secure electronic payment terminals.

UMS is now focusing on the A-series and E-series family of SmartPOS and SmartECR devices, innovative solutions by PAX which combine till system and secure payment device. By administering its own customized marketplace on the PAXSTORE, UMS will empower its huge merchant base to access a whole new world of smartphone-like apps that will increase customer loyalty and modernize their business.

UMS will also continue deploying other PAX terminal models, including the S300 multilane PINpad, the S800 desktop, S90 mobile and a China-specific product range of QR code reading devices.

Jack Lu, CEO of PAX, said: “Being selected as the major terminal provider to UMS will further strengthen the leading position of PAX in the Chinese market”.

"This endorsement by yet another global acquiring brand is testament to the PAX commitment to providing innovative and superior quality payment solutions and services to clients worldwide”.​​

About PAX (www.paxtechnology.com)

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. (00327.HK)

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