PAX Cooperates with First Systems in Argentina

SHENZHEN, China, July 29, 2014 /PRNewswire/ -- PAX Technology Ltd., a leading global provider of electronic payment terminals, is pleased to cooperate with First Systems S.R.L. as its authorized exclusive sales agent in Argentina (financial industry) of PAX, thus joining hands to develop and expand the Argentine electronic payment market.

First Systems S.R.L. is the software service provider of Visa Argentina, and also provides software services to banks and card associations in Argentina. Through this cooperation, First Systems S.R.L. will leverage upon its existing channel advantages in the financial sector to enable more and more customers to enjoy the benefits of convenient and reliable payment services provided by both companies.

Currently, most of PAX's devices have obtained specific safety and security certifications for use in the Argentine financial sector. Visa Argentina plans to purchase PAX's terminals via First Systems S.R.L. in the coming months. PAX will provide R50 contactless readers for First Systems S.R.L. in response to the company having become a major supplier of the card reader project in Buenos Aires Province recently.

Mr. Yun SUN, Sales Director of LACIS region at PAX, said, "Having First Systems S.R.L. join our global distribution network will help further expand our market share in the Argentine electronic payment market."

About First Systems S.R.L. (www.firstsystems.com.ar)

First Systems S.R.L. is a leading software service provider in Argentina. The company provides customized software solutions and services including systems development, web design & programming and networking to banks and card associations throughout Argentina.

About PAX (www.pax.com.cn)

Founded in 2001, PAX Technology Limited ("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 and R&D capabilities and a growing sales and channel partner network across the globe.

For more information, please contact:

Latoya Li
0755-86169695
[email protected]

SOURCE PAX Technology Limited