PAX Appointed Payment Terminal Vendor at Bangkok Bank

· Press releases

(Hong Kong, PRC, 18 Apr 2016) 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 become the major payment terminal supplier to Bangkok Bank, one of the largest commercial bank in Thailand.

Bangkok Bank has over 100,000 payment terminals in the field today, a network of over 9,000 ATMs and 1,200 Cash Deposit Machines (CDMs) throughout Thailand. Bangkok Bank will be deploying PAX’s S58 and S80 countertop models as well as the S90 mobile 3G enabled terminal to enhance their merchant offering.

Mr. Daniel Tung, General Manager of Bangkok Payment Solutions (“BPS”), PAX’s local channel partner, said, “We are delighted to work with PAX to serve reputable banks in Thailand. The success in Bangkok Bank shows BPS and PAX ready to offer advanced integrated payment solutions across the region.”

Mr. Eric Li, Regional Sales Director of PAX, added, “We are delighted that Thailand’s leading acquirer has selected PAX’s terminals to help grow its acquiring business.” He concluded, “Our partnership with BPS will enable us to exploit new revenue opportunities in the growing Thai market.”