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Ezetap Partners with PAX to Accelerate Cashless Revolution in India

28, 2016

Shenzhen (China), 28thDecember 2016
PAX Technology (HKEx: 00327 - PAX GLOBAL), a global leader in the provision of secure electronic payment terminal solutions, has established a strategic partnership with Ezetap, India’s premier smart payment solutions company to potentially deploy hundreds of thousands of PAX’s mPOS and MiniPOS devices in India.

Mr. Abhijit Bose, Co-Founder and CEO of Ezetap, said: “India is shifting rapidly from a relatively opaque cash-based economy to one that is increasingly cashless. Through this partnership, Ezetap's technology leadership and PAX's global expertise and design capabilities will bring products and solutions of global standard to Indian customers.”

Ms. Heidi Hoo, Vice General Manager for the Asia Pacific region at PAX, added: “A trend occurring in all global payments markets is the rise of the compact “paperless” POS terminal which offers full NFC contactless capability combined with advanced connectivity options such as GPRS, 3G and 4G.”

Ezetap was launched in 2011, with a mission to be the single solution through which businesses complete any financial transaction with their customers, supporting every instrument and method that their customers want to use. And with mass deployments of mPOS and MiniPOS terminals in Brazil, East Africa and Europe, PAX has established itself as the undisputed market leader, leading to the strategic partnership with Ezetap in India.

Ms. Latha Priyadarshini, Country Manager for PAX in India, concluded, “Ezetap has been a leading innovator in India’s increasingly digitalized economy, and by partnering with PAX, will bring to India immense synergy between Ezetap’s SMART payment solution capabilities and world class manufacturing ability of PAX.”

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. (0327.HK).

About Ezetap (www.ezetap.com)
Ezetap is a pioneer of Universal Payment acceptance. Ezetap launched Universal Payment Acceptance in India 2015 with the launch of their universal wallet acceptance solution. At the forefront of redefining commerce in India by constantly disrupting status quo, Ezetap was ranked no. 3 globally in the CNBC Disruptor List 2016, and take credit in being the pioneers of introducing the concept of Enterprise mPOS with the launch of its SDK in India. Ezetap was the first in the world to design and manufacture a sub $50 mobile POS device. Trusted by large corporates and with a GTV of $1Bn, their payment acceptance platform is scalable and future proof, offering a single point of integration for any and every form of payment, face to face or online.