PAX and TOSAN Techno Launch Android Smart POS and App Store Solutions in Middle East (Tehran (Iran), 24th November 2017) PAX Global Technology Limited ("PAX" or the"Company", together with its subsidiaries collectively known as the "Group", HKSE stock code: 00327.HK), one of the world's leading electronic payment terminals solutions providers, and regional channel partner TOSAN Techno, announced the Middle East region's first launch of new generation Smart POS and Smart ECR terminals based on Android, supported by TechStore, an advanced app store cloud service powered by PAXSTORE. Andrew Wu, Vice President of PAX said, "This was an incredibly successful event hosted by TOSAN Techno, with our E-series and A-Series solutions generating a tremendous level of interest. Banks and PSPs alike now understand how PAX's solutions can help radically improve and modernize their merchant's retail checkout areas."

Over 150 people attended the event, including acquiring banks, payment service providers and local media. Mark O'Flynn, Sales Director of PAX, gave a presentation on the convergence of payment, retail and eCommerce, followed by interventions of TOSAN Techno staff to fully describe PAX Technology's innovative E-series Integrated Smart POS, and the new Android family of terminals.

Mr. Mohammad Mazaheri, CEO of TOSAN Techno, concluded, "The seminar was a great success. We are excited to be launching our TechStore to support these new point of sale technologies from PAX, and very much looking forward to crowdsourcing ideas and innovative apps from independent software vendors, which will deliver new value-added services to our customers and their merchant base."

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About PAX Global Technology Limited (www.paxglobal.com.hk)

PAX Global Technology Limited (Stock Code: 00327.HK) is a leading provider of secure electronic payment terminal solutions. Building on its service excellence and proven leadership, PAX is one of the fastest growing payment industry suppliers with state-of-the-art manufacturing facilities, excellent R&D capabilities, and a worldwide network of sales and channel partners.

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PAX Global Technology Ltd. published this content on 24 November 2017 and is solely responsible for the information contained herein.
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