Press Release


PAX Global Appointed Leading Payment Vendor at Russia's Sberbank


(Hong Kong, PRC, 9th Nov 2015) 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 Funds Transfer Point-of-Sale Terminal ('E-payment Terminal') Solutions Services Providers, has become the major payment terminal supplier to Sberbank, the largest bank in Russia. This partnership will further reinforce PAX's presence and drive further revenue opportunities in the financial year 2016.


PAX and regional channel partner INPAS hosted a media briefing in Moscowon October 25th during which the full range of E-payment Terminals selected by Sberbank were showcased, including the S80 countertop, D210 mobile terminal and the integrated retails PinpadS200 and S300.


Mr. Jack Lu, CEO of PAX, said, 'INPAS has proven to be an excellent strategic partner and with PAX having already gained significant market share, Russia has become a key market for us'. He added: 'The alliance with Sberbank will allow both companies to exploit new revenue opportunities in the growing Russian market, and we will continue to invest in the local market in delivering a faster, more convenient and increasingly reliable set of services to consumers.'


Mr. llya Korobov, General Manager of INPAS, concluded, 'Through years of diligent effort, PAX has captured an increasing share of the local market and as a main supplier to Sberbank, we are now even more confident of taking a greater slice of the Russian payments business.'


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

PAX Global Technology Limited (Stock Code: 00327.HK) is an electronic funds transfer point-of-sale terminal ('E-payment Terminal') solutions provider. PAX is principally engaged in the development and sale of E-payment Terminal products and the provision of solutions services. PAX was listed on the main board of The Stock Exchange of Hong Kong Limited on 20 December 2010.


About Sberbank of Russia(www.sberbank.ru)

Founded in 1841, Sberbank of Russia is the largest stated-owned commercial bank in Russia. Sberbank has over 20,000 branches throughout the country. Sberbank serves over 1,300,000 corporate customers in Russia and more than 250 million merchants enjoy Sberbank's services, capturing 60% of POS installed base in the local market.


About INPAS (www. Inpas.ru)

INPAS Company (Innovative Payment Solutions) is a leading integrator of payment solutions, with over 500 clients in the banking and retail sector. INPAS supplies POS-terminal equipment, software applications, including multivendor UNIPOS software, cards and mobile business applications, acquiring management systems and cash handling equipment.

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