Pax Global Technology : Launches New Contactless PINpad, the SP20 V4

[For Immediate Release]

PAX Launches New Contactless PINpad, the SP20 V4 (Hong Kong, PRC, 15 Dec 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, introduced its new generation Contactless PINpad, the SP20 V4.

Designed to minimize countertop space, the SP20 V4 provides customers with an easily identifiable contactless landing pad, privacy shield and inbuilt speakers providing vocal assistance for visually impaired people.

The SP20 V4 is certified for all major international contactless card schemes and comes with the latest UPTS 2.0, PCI 4.X, SRED certifications. It can be connected to a wide range of POS terminal models via USB or RS232 ports.

Mr. Alex Dong, Head of Research & Development at PAX, said: "The SP20 V4 is the latest in contactless PINpad technology, offering merchants and consumers alike a faster transactional experience."

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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.