PAX Becomes Third Largest E-payment Terminal Provider Worldwide
29 Jul 2014
Shenzhen(China), 29 July 2014
PAX Technology Ltd., a leading global provider of electronic payment terminals, is pleased to announce that it has now become the third largest E-payment Terminal supplier in the world, according to the latest edition of the Nilson Report, the world’s leading source of news and research on consumer payment systems.
The Nilson Report June 2014 issue has just published its annual review of the state of the E-payment Terminal sector. The report documents the steady rise of PAX which shows that the Company ranked No.3 globally by shipping volume of E-payment Terminals in 2013, having moved up one position, with a market share of 9.21%, up from 6.25% the previous year. PAX is a leading E-payment Terminal supplier in the Asia Pacific region and one of the key players in major international markets. Global units of PAX shipments in 2013 exceeded two million, surging by over 64% compared to 2012, which is the highest growth rate among the top five suppliers in the world. The regional breakdown shows PAX increasing shipment volume by 79% in the Asia Pacific, 35% in Latin America, 25% in the US and Canada, 23% in Europe and 4% in the Middle East and Africa, respectively.
Worldwide shipments of E-payment Terminals in 2013 reached 22.34 million, up 11.4% y-o-y.
The numbers reported in the Nilson Report show why PAX’s reputation is well deserved as a Company that constantly improves upon its long track record which is key to its recent success. Furthermore, it enjoys a strategic advantage as an international mainstream brand providing premium quality E-payment Terminals with a comprehensive product line, an advanced E-payment Terminal software technology platform and being the most cost effective E-payment Terminal solutions provider.
About PAX (http://www.pax.com.cn)
Founded in 2001, PAX Technology Ltd (“PAX”) is an innovative global provider of electronic payment solutions offering world-class, cost effective and superior quality payment solutions. Building on its service excellence and proven leadership position, PAX is considered one of the fastest growing payment solution providers with world-class manufacturing, R&D capabilities, and a growing sales and channel partner network across the globe.