Press Release


PAX Appointed Payment Terminal Vendor at Bangkok Bank (Hong Kong, PRC, 18 Apr 2016) PAX Global Technology Limited ("PAX", 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 Bangkok Bank, one of the largest commercial bank in Thailand.


Bangkok Bank has over 100,000 payment terminals in the field today, a network of over 9,000 ATMs and 1,200 Cash Deposit Machines (CDMs) throughout Thailand. Bangkok Bank will be deploying PAX's S58 and S80 countertop models as well as the S90 mobile 3G enabled terminal to enhance their merchant offering.


Mr. Daniel Tung, General Manager of Bangkok Payment Solutions ("BPS"), PAX's local channel partner, said, "We are delighted to work with PAX to serve reputable banks in Thailand. The success in Bangkok Bank shows BPS and PAX ready to offer advanced integrated payment solutions across the region."


Mr. Eric Li, Regional Sales Director of PAX, added, "We are delighted that Thailand's leading acquirer has selected PAX's terminals to help grow its acquiring business." He concluded, "Our partnership with BPS will enable us to exploit new revenue opportunities in the growing Thai market."


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

PAX Global Technology Limited (Stock Code: 00327.HK) is an innovative global provider of E-payment Terminal solutions. Building on its service excellence and proven leadership position, 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.


About Bangkok Bank (www.bangkokbank.com)

Bangkok Bank is one of the largest commercial Bank in Thailand, with assets of around Baht

2.8 trillion (USD80 billion) as of 30 Sep 2015. It's also one of the most influential Banks in Southeast Asia. Established in 1944, Bangkok Bank has branches and representative offices in Southeast Asian countries and the world's major economies, with 32 international branches across 15 economies. Bangkok Bank has a long history of supporting Asian business communities engaging in international trade, especially in Southeast Asia and China.


About Bangkok Payment Solutions (www.bkkps.com)

Bangkok Payment Solutions ("BPS"), a subsidiary of BTS Group, is Thailand's largest mass transportation system integrator specializing in payments and payment technologies. BPS continues to expand domestically and internationally working with the largest mass transportation companies and payment companies worldwide. Its clients include the BTS Skytrain, Rabbit Card/Carrot Rewards, BMCL Subway, Thai Ministry of Transportation and VIX Technology (technology provider for Hong Kong Octopus, Singapore EZLink, San Francisco

Clipper, Beijing Yikatong, etc.). BPS provides e-Payment Solutions in Thailand and the Region with Retail, Royalty, Payment Systems.

PAX Global Technology Ltd. issued this content on 18 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 18 April 2016 02:05:03 UTC

Original Document: http://file.irasia.com/listco/hk/paxglobal/press/p160418.pdf