PAX Successfully Hosts 2017 Worldwide Partner Conference

· Press releases

PAX Global Technology Limited ("PAX," HKSE stock code: 00327.HK), a global leader in the provision of secure electronic payment terminal solutions, successfully hosted its 2017 Worldwide Partner Conference in Guangzhou (China) between 9-13 April.

With a theme of "Driving Payment Innovation", over 100 partners and industry leaders from all over the world gathered to discuss the future of payments, with PAX unveiling a new and impressive product roadmap.

Innovations showcased at the PAX event this year included the new Q-Series (state-of-the-art countertop and mobile terminals), the beautifully designed integrated retail E-Series solutions based on Android as well as future models of the SmartPOS A-Series. To complement this move toward Android, PAXSTORE was launched, a already fully functioning app-store suite which will allow acquirers, processors and payment service providers to create their own market-places within which merchants will be able to download value added applications on their terminals. Similar to the concept of the Apple AppStore or Google Play, PAXSTORE opens up new revenue streams for global development community to offer value added services and share revenue streams with payment service providers and acquiring banks. The new PAXPAY payment gateway service was also unveiled, designed specifically for new forms of mobile payments, such as Alipay, WeChat Pay and QR Code.

Mr. Jack Lu, CEO of PAX stated: "We were delighted to see more partners join our conference this year. The ability to be both agile and innovative is a critical success factor in today's fast-changing payment industry. Our mission is to continue working closely with our global customers to accelerate the pace of innovation and stay ahead in the competition."