[For Immediate Release]

PAX Secures Major Win at China UnionPay Merchant Services (Hong Kong, PRC, 29 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, is pleased that China UnionPay Merchant Services ("UMS") has selected PAX to supply secure payment devices to over 6 million merchants during 2017.

As one of the largest merchant acquirers in the world, UMS will be leveraging the full PAX product portfolio. Particular emphasis is being placed by UMS on the innovative A920 Android terminal which offers high levels of application customization to meet different merchant demands of procurement, logistics, inventory and business management etc.. Other PAX devices to be deployed include countertop models S60, S78+SP20 V4, S80+SP20 V4, S500, S800+SP20 V4, mobile terminals S90, S900 & D210, the D180 mPOS, smart PINPads SP30 & S300, the smart self-service desktop payment terminal D800 and the all-in-one smart ECR payment terminal D820.

Mr. Yongqiang Qi, Vice President for China Sales at PAX, stated: "The winning of this large UMS tender will further strengthen PAX's leading market position in China, as has been happening globally for the past couple of years."

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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 29 December 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 December 2016 09:07:05 UTC.

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