On 20 July 2021, PAX Global's wholly-owned subsidiary entered into the construction contracts of the PAX Smart Terminals Industrial Park Project, at the consideration of approx. RMB417.4 million (approx. HKD501.4 million).The Park will be developed in Zhongkai High-tech Zone of Huizhou City, the PRC, with a gross floor area of approx. 274,000 square meters, comprising production plants, logistic warehouses, ancillary workspaces, technology centre, employee dormitories and other ancillary facilities.The increased production capacity will strengthen the Group’s position to accelerate the promotion and development of innovative smart products, laying a solid foundation for future business development of the Group. HKT partners with PAX for Hong Kong Voucher SchemeHong Kong Telecom (HKT) selected the elegant A920 SmartPOS as part of their merchant offering to help stimulate cashless transactions and encourage spending under a new local government consumption voucher scheme which provides residents with up to 5,000 HKD (approx. 645 USD) worth of vouchers.PAX terminals deployed in Hong Kong support 16 payment methods including Tap&Go, Octopus, WeChat Pay, Alipay HK, UnionPay, as well as major western card association brands and associated mobile wallets such as ApplePay and GooglePay.Andrea Zucchiatti, General Manager of PAX Italia shares his view on the future of the Android SmartPOS in an interview with leading Italian payment industry publication AziendaBanca.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. |