(Hong Kong, PRC, 21 January 2015) 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 Funds Transfer Point-of-Sale Terminal (“E-payment Terminal”) Solutions Services Providers -- is honoured to have its technologies showcased alongside China Construction Bank’s (“CCB”) Apple Pay transactions during the launch presented by the bank in Yunnan Pier. With PAX's NFC terminals, the bank's foreign bankcard acquiring networks fully accept transactions via Apply Pay.
CCB, PAX, VISA and Apple participated in this event to witness transactions using an iPhone6 to purchase the renowned Pu'er tea. The process began with a scanning of the barcode on the Pu’er tea by the PAX Mobile Payment Terminal S90. Once the amount was displayed on the screen, staff opened an app on the iPhone6 and placed it near the terminal. Payment took place with a single touch and the receipt was printed from the S90. The whole transaction was very smooth, fast and convenient.
On the second day of the event, CCB hosted another desmonstration of user experience with Apple Pay at the ticket office in one of Yunnan Province’s famous attractions. The conductor entered the amount of the ticket through PAX S90, and the visitor opened an app on the iPhone6 and placed it near the terminal, with the touch of a finger and NFC technology, to complete the payment process. The merchants and visitors both were satisfied with its efficiency and high level of security.
PAX has been CCB’s long term partner since 2006. Currently, PAX is the key supplier of CCB and provides full range of terminals, including Countertop, Hand-held, wireless and Mobile Payment Terminals and secure PINPads. PAX has taken part in CCB’s EMV immigration, PBOC3.0 upgrade, electronic signature improvement and contactless service promotion. PAX has a rich portfolio of products including countertop and mobile terminals tested to work with Apple Pay, which gains full endorsement from CCB.
Mr. Yongqiang Qi, Vice President at PAX, states: “PAX has spent a lot of time and effort to ensure compatibility with Apple Pay. As mobile payments move into the next phase of further utilizing technology like NFC, PAX is here to help by offering flexible payment options like NFC and EMV while keeping the payment transaction secure.” He believes that Apple Pay is moving forward to a newer, simpler, more secure and smarter payment modality.
