PAX Technology

PAX Technology is a leading global manufacturer of payment terminals; PIN pads; and Point of sale hardware and software.[2][3] The company is headquartered in Shenzhen and operates in 5 global regions - EMEA (Europe, Middle East and Africa), LACIS (Latin America & CIS countries), North America, China, and Asia Pacific.

PAX Technology
TypePublic
SEHK: 327
IndustryFinancial services
Founded2001 (2001)
Headquarters
Shenzhen, Guangdong
,
China
Key people
Nie Guoming (Chairman), Jack Lu (CEO)
ProductsPoint of sale, Payment terminals, PIN pads
Revenue$563M USD[1]
Number of employees
1800 (2018)
Websitewww.paxtechnology.com

PAX has over 45 million point of sale terminals deployed in over 120 countries and generated circa $635 million USD in sales revenues in 2019. The company operates in different markets through a network of direct offices and channel partners worldwide.[4]

History

PAX Technology was founded in Shenzhen in 2001. In the same year company was EMV certified as point of sale solution provider in Asia.

In 2002, PAX was selected as supplier of EFTPOS terminals for China UnionPay Merchant Services and supplier for Bank of China & Bank of Communications in 2004.[5] The company was ranked by the Nilson Report in the top 10 payment terminal suppliers in 2007. In 2010, PAX was listed on the Hong Kong Stock Exchange and in 2013 Forbes listed PAX in their Asia's 200 best companies under a billion.[6]

In 2016, PAX announced a strategic partnership with Samsung to implement the Samsung Pay payment method in PAX payment terminals.[7] Later same year at TRUSTECH, PAX set a major milestone in company's development unveiling first Android smart terminal - PAX A920.[8] Same year Forbes listed again PAX in their Asia's 200 Best Under A Billion annual list.[9]

In 2017, Nie Guoming, Chairman of PAX Global, introduced PAXSTORE - open-platform for distribution of business apps for company's Android POS terminals, similar to the concept of Apple Store and Google Play.[10]

See also

References
  1. "PAX 2018 Financial Results: 10 million terminals shipped worldwide & international sales surge 43%". Retrieved 7 March 2019.
  2. "Pax's CFO Just Made A Grievous Error". Seeking Alpha. 12 August 2016.
  3. "Is PAX GLOBAL TECHNOLOGY LTD ORDINARY SHARE (OTCMKTS:PXGYF)'s Short Interest Revealing Something?". Thorold News. 27 December 2018.
  4. "PAX Technology, Inc. Company Overview". Bloomberg.
  5. "PAX Technology reports China UnionPay Merchant Services deal". Finextra. 3 January 2017.
  6. "Forbes Asia's 200 Best Under a Billion 2013". 1-million-dollar-blog. 13 January 2014.
  7. "Samsung Pay Partners with Global POS Providers to Accelerate Mobile Payments Adoption". CIO. 22 April 2016.
  8. "PAX Impresses at TRUSTECH 2016 with Android Payment Solutions". Market Screener. 12 December 2016.
  9. "PAX Global Technology". Forbes. 3 August 2016.
  10. 百富「軟硬」兼施　鋪路數據管理. on.cc (in Chinese). 14 August 2017.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.