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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  PAX Global Technology Limited    327   BMG6955J1036

PAX GLOBAL TECHNOLOGY LIMITED

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PAX Global Technology : PayFacto and PAX announce the launch of the PAX A920 android payment terminals in Canada

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03/03/2020 | 08:01am EDT

MONTREAL, March 3, 2020 /CNW Telbec/ - PayFacto Inc. ("PayFacto"), a leading payments and hospitality industry technology provider, and PAX Technology Inc. ("PAX"), international supplier of secure electronic payment terminal hardware, are pleased to announce that PAX's A920 payment terminals are now available for the first time in the Canadian market with PayFacto processing.

Leveraging PayFacto's payment processing footprint with an installed base of over 50,000 merchants, and PAX's status as a one of the fastest-growing electronic payment hardware providers, with over 50 million terminals deployed worldwide, the two companies have introduced an all-in-one, next-generation ordering and payments solution, combining mobility, speed, and security, specifically designed for the hospitality industry.

The Android-based terminals provide agility in an ergonomic design including camera, touchscreen display, and printer, together with PayFacto's versatile user-interface and secure payment processing. PayFacto is the first payments company in Canada to complete  a Class A Certification of PAX's A920 mobile device, providing Canadian merchants now with a perfectly compact and powerful tool to conduct seamless payments.

"As a pioneer in the payment hardware space, we are thrilled to partner with PAX to launch the A920 in the Canadian market," said Martin Leroux, CEO and President of PayFacto. "Together, we have created an innovative payments solution, and are pleased to offer hospitality merchants a winning combination of function and form. We are eager to leverage the A920 to create a first-of-its-kind in Canada mobile order and pay solution for restaurants with Maitre'D and Veloce, the two hospitality POS systems that we recently acquired, as well as restaurants with other POS systems that are integrated with our SecureTablePay middleware."

"We are excited about finally launching the A920 smart device in the Canadian market. We have been collaborating with PayFacto for many years and they are the ideal partner with which to launch our new generation devices in the Canadian market," said Andy Chau, CEO & President of PAX Technology. "The A920, with PayFacto's Class A Certification, delivers a more dynamic and interactive customer experience, giving Canadian merchants and consumers the latest in payment technology."

Merchants can now order Canada's latest and greatest hospitality payment technology featuring the PAX A920 from Maitre'D and Veloce and their reseller networks, and also directly from PayFacto for merchants and VARs that use the many other POS systems integrated via SecureTablePay, PayFacto's universal middleware.

About PayFacto
Established in Canada and the United States, PayFacto is a leader in payment solutions and hospitality technology. Recognized for its expertise, agility, and quality execution, PayFacto meets the operational needs of small and large clients on a national and international scale by enabling them to meet their business objectives more efficiently and affordably. Boasting a vast range of services and recognized payment solutions, PayFacto helps companies and organizations take control of their electronic transactions. For more information, visit payfacto.com.

Facebook: @PayFacto  LinkedIn: PayFacto

About PAX Technology Inc.
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 largest 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).

SOURCE PayFacto

© Canada Newswire, source Canada Newswire English

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Financials
Sales 2020 4 987 M 643 M 643 M
Net income 2020 629 M 81,2 M 81,2 M
Net Debt 2020 - - -
P/E ratio 2020 5,79x
Yield 2020 3,33%
Capitalization 3 574 M 461 M 461 M
EV / Sales 2019
Capi. / Sales 2020 0,72x
Nbr of Employees 1 699
Free-Float 65,0%
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Mean consensus BUY
Number of Analysts 2
Average target price 4,73 HKD
Last Close Price 3,30 HKD
Spread / Highest target 65,5%
Spread / Average Target 43,3%
Spread / Lowest Target 21,2%
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Jie Lu Chief Executive Officer & Executive Director
Guo Ming Nie Chairman
Shi Yeung Cheung Chief Financial Officer & Joint-Secretary
Wen Jin Li Executive Director
Kwok Kuen Man Independent Non-Executive Director
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