Ezetap Partners with PAX to Accelerate Cashless Revolution in India

· Press releases

PAX Global Technology Limited (“PAX,” HKSE stock code: 00327.HK), one of the world’s leading Electronic Funds Transfer Point-of-Sale Terminal (“E-payment Terminal”) Solutions Services Providers, has established a strategic partnership with Ezetap, India’s premier smart payment solutions company to potentially deploy hundreds of thousands of PAX’s mPOS and Mini POS devices in India.

Mr. Abhijit Bose, Co-Founder and CEO of Ezetap, said: “India is shifting rapidly from a relatively opaque cash-based economy to one that is increasingly cashless. Through this partnership, Ezetap's technology leadership and PAX's global expertise and design capabilities will bring products and solutions of global standard to Indian customers.”

Ms. Heidi Hoo, Vice General Manager for the Asia Pacific region at PAX, added: “A trend occurring in all global payments markets is the rise of the compact ‘paperless’ POS terminal which offers full NFC contactless capability combined with advanced connectivity options such as GPRS, 3G and 4G.”

Ezetap was launched in 2011, with a mission to be the single solution through which businesses complete any financial transaction with their customers, supporting every instrument and method that their customers want to use. And with mass deployments of mPOS and Mini POS terminals in Brazil, East Africa and Europe, PAX has established itself as the undisputed market leader, leading to the strategic partnership with Ezetap in India.

Mr. Mark O'Flynn, Sales Director for PAX in India, concluded, “Ezetap has been a leading innovator in India’s increasingly digitalized economy, and by partnering with PAX, will bring to India immense synergy between Ezetap’s SMART payment solution capabilities and world class manufacturing ability of PAX.”