PAX and TOSAN Techno Launch Android Smart POS and Appstore Solutions in Middle East

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| Source: PAX Technology Limited

TEHRAN, Iran, Nov. 24, 2017 (GLOBE NEWSWIRE) -- PAX Technology (HKEx: 00327.HK - PAX GLOBAL), a global leader in the provision of secure electronic payment terminal solutions, and regional channel partner TOSAN Techno, announced the Middle East region’s first launch of new generation Smart POS and Smart ECR terminals based on Android, supported by TechStore, an advanced appstore cloud service powered by PAXSTORE.

Andrew Wu, Vice President of PAX said: "This was an incredibly successful event hosted by TOSAN Techno, with our E-series and A-Series solutions generating a tremendous level of interest.” He added: “Banks and PSPs alike now understand how they can help radically improve and modernize their merchant’s retail checkout areas."

Over 150 people attended the event, including acquiring banks, payment service providers and local media. Mark O’Flynn, Sales Director of PAX, gave a presentation on the convergence of payment, retail and eCommerce, followed by interventions of TOSAN Techno staff to fully describe PAX Technology’s innovative E-series Integrated Smart POS, and the new Android family of terminals.

Mr. Mohammad Mazaheri, CEO of TOSAN Techno, concluded: "The seminar was a great success. We are excited to be launching our TechStore to support these new point of sale technologies from PAX, and very much look forward to crowd sourcing ideas and innovative apps from independent software vendors, which will deliver new value added services to our customers and their merchant base alike."

About PAX (www.pax.com.cn)
PAX Technology is an innovative global provider of electronic payment solutions, offering world-class, cost-effective and superior quality products. 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 is listed on the Hong Kong stock exchange as PAX Global Technology Ltd. (00327.HK).

Mandy
+86-755-2661-2501
huangmt@paxsz.com