Pax Global Technology : Thai 7-Eleven Stores Deploy PAX Payment Terminals

[For Immediate Release]

Thai 7-Eleven Stores Deploy PAX Payment Terminals

(Hong Kong, PRC, 22 Nov 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 joined hands with the Thai Smart Card Company to deploy secure contactless enabled payment solutions systems in 7-Eleven stores across Thailand.

7-Eleven is an international chain of convenience stores that operates, franchises and licenses around 56,600 stores in 18 countries and regions worldwide. 7-Eleven stores in Thailand will be deploying PAX terminals with secured software that support NFC contactless payment, credit, debit and gift card transactions.

Mr. Eric Li, Regional Sales Director at PAX, said: "Thailand is due to upgrade most of its installed base of payment terminals to be NFC contactless enabled and comply with the newest PCI certification standards as mandated by the international card schemes."

Mr. Chalermchai Chatchaiganan, Chief Commercial Officer & Chief Operations Officer at Thai Smart Card Company, said: "PAX is the leading terminal supplier in terms of its innovative product roadmap. Combined with our ability to execute locally in Thailand, we are

delighted to set the course with this success at 7-Eleven."

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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 Thai Smart Card Company Limited (www.thaismartcard.co.th)

Thai Smart Card, one of various subsidiaries of CPAll Public Co. Ltd., the sole operator of

7-Eleven convenience stores in Thailand, provides electronic payment services to more than 9,000 7-Eleven stores nationwide that are visited by circa 11 million customers every day.