Positive Profit AlertIn the first half of 2021, the Group is expected to achieve strong net profit growth, mainly driven by 1) Strong revenue growth in the Europe, the Middle East and Africa region (EMEA), the Latin America and the Commonwealth of Independent States region (LACIS) and the United States of America and Canada region (USCA) 2) Increased sales of PAX new-generation Android-based payment terminal solutions connected to the PAXSTORE platform First successful Remote Key Injection (RKI) in South AfricaInnervation PAN African Payments is the first company in South Africa to successfully perform an online paxRhino Remote Key Injection (RKI), supported by PAX's EMEA region service centre in Italy.The huge advantage of RKI is that payment terminals no longer need to move to-and-from a physical Key Injection facility. Instead, PAX terminals are sent from the manufacturer, acquirer or payment service provider to the merchant directly, immediately connected to the payment system and PAXSTORE. Via RKI service, a unique key is requested which is received by the terminal & injected remotely in complete security directly at the point of sale. PAX partners with loyalty platform OIYAA in the United KingdomOIYAA, a loyalty platform in the United Kingdom, has partnered with PAX to offer retail merchants the ability to streamline ordering, payment and loyalty processes.The partnership allows merchants to download the OIYAA loyalty application from the PAXSTORE marketplace directly into PAX terminals, and to run their own loyalty & booking program within minutes. Local merchants can now easily access value-added services which were previously only really available to larger retailers.About PAX Global PAX Global Technology Limited (327.HK) is a world-leading provider of electronic payment terminals solutions and related services with state-of-the-art manufacturing facilities, excellent R&D capabilities and a worldwide network of sales and channel partners.IR contacts: Address: Websites: To read previous newsletters, please click here. |