PAX Technology Reports Strong First Half 2026 Performance

PAX Technology, one of the world's leading payment terminal solutions providers, has announced its 2026 interim results, reporting strong first-half performance and continued global growth. Group revenue increased 15.4% year-on-year to approximately US$400 million for H1 2026, while profit for the period increased 32.6% to approximately US$66 million.

Delivered despite significant industry-wide memory-chip cost pressure, these results reinforce the resilience of the PAX ecosystem - and the scale, stability and investment capacity customers need from a long-term payment technology partner. This performance reflects disciplined procurement, product mix optimisation and a prudent pricing approach, helping PAX continue to deliver reliable, high-quality payment technology to customers worldwide.

For customers and channel partners across Europe, the Middle East and Africa, the results underline the continued strength of the EMEA region. EMEA remained the Group’s largest region, contributing US$141 million and accounting for over 35% of Group revenue, despite geopolitical tensions delaying certain projects in parts of the Middle East.

The UK-led region, covering the United Kingdom, Ireland and Scandinavia, together with France and Italy, achieved record-high first-half sales. This momentum reflects continued payment infrastructure modernisation and the migration of acquiring banks, PSPs and ISOs to Android-based payment ecosystems.

The UK and France, in particular, remained at the forefront of this transition, with strong adoption of PAX Android solutions across high-volume retail, hospitality and travel environments. Highlights included the successful commercial rollout of the next-generation A920MAX and large-scale deployments of the new A920Pro Duo Premium.

North America was the Group’s fastest-growing market, with sales up 52% year-on-year to US$97 million, driven by accelerated Android deployments among PSPs, national retailers and QSR chains. The 2026 FIFA World Cup also helped accelerate payment infrastructure upgrades across major venues and surrounding commercial facilities, supporting further demand across sports, retail and hospitality.

Latin America and CIS returned to growth, with sales up 15.9% to US$101 million, while Asia Pacific grew 6.2% to US$61 million. In Japan, first-half sales exceeded US$25 million for the first time, reflecting strong demand for Android solutions including A920MAX and A8700, with Thailand and Singapore also maintaining steady growth.

Beyond hardware, PAX continues to invest in the software ecosystem that helps customers deploy, manage and scale payment services. As of 30 June 2026, MAXSTORE connected more than 18 million devices globally, with over 20,000 commercial applications available on the platform. MAXSTORE enables acquirers and PSPs to centrally manage large-scale terminal estates, accelerate deployments and deliver value-added merchant services.

PAX management noted that high memory-chip costs remain an industry-wide challenge, while emphasising that the Group’s global footprint, strong financial position and disciplined execution support its ability to focus on core markets, prioritise high-quality opportunities and continue delivering reliable products and services to clients worldwide.

PAX Technology remains committed to working with its global partner ecosystem to support the next phase of payment innovation.

Financial figures are reported by PAX Global Technology Limited in HKD. USD figures shown here are approximate conversions for convenience.

About PAX Global Technology Limited

PAX Global Technology Limited (Stock Code: 00327.HK) is a leading provider of electronic payment terminal solutions worldwide. As one of the fastest-growing suppliers in the payment industry, PAX has advanced manufacturing facilities, robust R&D capabilities, and a global network of reputable channel partners. The company has deployed 100 million payment terminals in more than 120 countries