PAX Obtains PagoBancomat® Contactless Certification in Italy

(Hong Kong, PRC, 17th August 2017) 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 payment terminals solutions providers,is pleased to announce the certification of PagoBancomat® Contactless certification of its CB2 CL cross-platform kernel.

Mr. Andrea Zucchiatti, COO of PAX Italia, said, "This is an important key step in the evolution of electronic payments in Europe as it allows merchants with PAX terminals to accept Bancomat® contactless card transactions".

Mr. Seho Park, CEO of PAX Italia, added, "For acquiring banks working with PAX it guarantees them a natural implementation of payment software applications in compliance with the Bancomat® Consortium regulatory requirements".

Because of PAX's unique cross-platform architecture, the PagoBancomat® Contactless kernel is available across the entire range of PAX terminals, including the innovative range of Android devices such as the A920.

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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.

PAX Global Technology Ltd. published this content on 17 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 17 August 2017 09:01:08 UTC.

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