2001         Registered in Shenzhen, China.
                 Project with the quantity of 10,000 units in Korea.

 

2002         Selected as a supplier of EFT-POS terminals for China UnionPay.
                 PAX products started to be deployed in Russia, Singapore, Malaysia, and some other countries.

 

2003         Accredited as Shenzhen Software Enterprise and Hi-Tech Enterprise. 
                 In Hong Kong PAX products are successfully certified by the EPS network,

                 and further wins occur at HSBC and Bank of China.
                 In Singapore PAX wins contracts to supply UOB.

 

2004         Passed ISO9000:2000 certification,

                 and implemented ERP system to enhance supply chain management.
                 Selected as a supplier of EFT-POS terminals for Bank of China.
                 Won projects from CITIGROUP and Standard Chartered Bank.
                 Aggregate sales of EFT-POS terminals since inception hit 100,000 units.

 

2005         Selected as a supplier of EFT-POS terminals for China Merchants Bank.

 

2006         Selected as a supplier of EFT-POS terminals for China Construction Bank.
                 Enters the Philippine and Indonesia markets.                

                 Given AA Credit Rating.               

                 IPD transformation completed.

 

2007         Selected as a supplier of EFT-POS terminals for Agricultural Bank of China.
                 Chosen as Euronet's preferred POS device supplier for mobile electronic topup project

                 with Saudi Telecom in Saudi Arabia, 10,000 PAX units deployed.                

                 Start to enter into European and African market.
                 Obtain RoHS certificate

 

2008         Incorporated PAX Technology (USA).
                 Aggregate sales of EFT-POS terminals since inception hit 500,000 units.
                 Authorized as “The Top 500 of Shenzhen Industry Enterprises”.
                 Achieved the No.1 in China with 30% market share.

 

2009         Accredited as a High-tech Enterprise by the Shenzhen Bureau of Science Technology and Information.
                 PAX wins contract with China Mobile for the mobile payment project.
                 Implemented PLM to enhance our research and development management.
                 Aggregate sales of EFT-POS terminals since inception hit 1,000,000 units.

 

2010         Authorized as “The Top 100 Software Enterprise of Shenzhen”.
                 Passed SGS ISO9001:2008 certification.
                 Aggregate sales of EFT-POS terminals since inception over 1,400,000 units.

                 PAX joins the Secure POS Vendor Alliance (SPVA).
                 PAX strengthens EMEA region sales team and successfully sells into Finland, France,

                 Kuwait, Oman, Turkey, Russia.
                 PAX lists on the Hong Kong Stock Exchange.

 

2011          Network of service centers organized nationwide across China. 
                  NFC-SD mobile payment terminal successfully tested with China Union Pay.                

                  Passed China telecom RFID UIMCard related product's test.
                  By June PAX's average monthly shipments surpass the 100,000 unit mark.
                  Nilson Report says PAX is global alternative to VeriFone & Ingenico.
                  PAX scores first ahead of competitors in Central Bank of Nigeria tender.
                  PAX successfully shortlisted by First National Bank of South Africa.