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PAX GLOBAL TECHNOLOGY LIMITED

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PAX Global Technology : and Paydoo partner to roll out the E-Series payment terminals to Retail and Hospitality industries across Europe

02/22/2021 | 04:52am EDT
February 22, 2021

PAX Global Technology Limited('PAX', HKEX stock code: 00327.HK), a world-leading provider of electronic-payment terminal solutions, has partnered with Paydoo, a digital payments provider, to help resellers and Independent Software Vendors (ISVs) attract further revenue streams by offering the PAX E-Series of all-in-one POS and payment solution for Retail & Hospitality verticals.

Powered by Android, the E-Series is the first retailer solution to fully combine cash register and payment terminal with a large interactive customer-facing touchscreen, giving merchants full control over their store's operations from one simple, intuitive interface, while supporting conventional payments from Chip & Pin, contactless and QR codes.

The partnership with PAX will provide Paydoo's customers with add-on services including faster terminal setup, remote terminal control, and better data analysis, through PAXSTORE. Entering PAXSTORE directly from the device, merchants can download and exploit the possibilities of hundreds of business-boosting tools, whether to integrate powerful stock management or refine marketing techniques through customer behaviour analysis.

Norman Roberts-York, Managing Director at PAX UK and Northern Europe said, 'The current COVID-19 situation has dramatically reduced cash payments and consumers now prefer contactless and other non-cash payment methods. Therefore, we must offer our customers solutions that support these payment types, and we are excited to be working with Paydoo for that. We want to make it as easy as possible for retailers to run their operations during these difficult times, so we have integrated the payment application with Paydoo's add-on retail software so that merchants can leverage their applications on PAX terminals to run EPOS or loyalty solutions seamlessly and without complicated integration processes.'

Frank Landen, Head of POS for Paydoo said, 'We are delighted to be working with PAX to offer our partners and their merchants a full range of market's most innovative EPOS solutions. Since its conception, Paydoo has dedicated itself to offering Acquiring-as-a-Service to the reseller market; providing much-needed versatility, reliability, and transparency for payments on and offline. Our value lies in the ability to combine the latest EPOS & Payment hardware with our custom software suite and enabling integrated payments for the needs of all merchants.'

Together with PAX, Paydoo will begin the rollout of PAX E700 & E800, and the plan is to launch the entire PAX E-series portfolio later this year.

Disclaimer

PAX Global Technology Ltd. published this content on 22 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 February 2021 09:51:02 UTC.


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Financials
Sales 2021 6 542 M 841 M 841 M
Net income 2021 1 053 M 135 M 135 M
Net Debt 2021 - - -
P/E ratio 2021 8,55x
Yield 2021 2,55%
Capitalization 9 039 M 1 162 M 1 162 M
Capi. / Sales 2021 1,38x
Capi. / Sales 2022 1,22x
Nbr of Employees 1 677
Free-Float 65,4%
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Last Close Price 8,24 HKD
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Jie Lu Chief Executive Officer & Executive Director
Shi Yeung Cheung Chief Financial Officer & Joint-Secretary
Guo Ming Nie Chairman
Kwok Kuen Man Independent Non-Executive Director
Min Wu Independent Non-Executive Director
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