 | |
| Company type | Public |
|---|---|
| SEHK: 327 | |
| Industry | Financial services |
| Founded | 2000; 25 years ago (2000) |
| Headquarters | , |
Key people | Nie Guoming (Chairman) & (CEO) |
| Products | Point of sale,Payment terminals,PIN pads |
| Revenue | US$563M[1] |
Number of employees | 1800 (2018) |
| Website | www |
PAX Technology is a Chinese manufacturer ofpayment terminals,PIN pads, andpoint of sale hardware and software.[2] The company is headquartered inShenzhen, listed on theHong Kong Stock Exchange and sells its products globally.
PAX Technology was founded inShenzhen (China) in 2000. Tiger Nie is currently Group CEO and chairman of the board.[citation needed]
In 2002, PAX was selected as supplier ofEFTPOS terminals for ChinaUnionPay Merchant Services and supplier forBank of China &Bank of Communications in 2004.[3] In 2010, PAX was listed on the Hong Kong Stock Exchange.[4]
In 2013, PAX was listed inForbes Asia 200 Best Under A Billion Companies.[5] In 2016, PAX announced a strategic partnership withSamsung to implement theSamsung Pay payment method in PAXpayment terminals.[6] Later same year, PAX unveiled its firstAndroid smart terminal.[7]
As of October 2022[update], according to Nilson Report, PAX has become the second-largest global payment terminal provider.[8]
In October 2021,Worldpay, Inc., a subsidiary ofFIS, began removing PAX point of sale products due to cybersecurity concerns.[9]
On October 26, 2021, it was reported that agents from the U.S.Federal Bureau of Investigation,Department of Homeland Security, and other federal officials raided the Jacksonville, Florida offices of PAX Technology.[10]KrebsOnSecurity reported the raid was tied to reports that PAX's systems may have been involved in cyberattacks on U.S. and E.U. organizations.[11][9] Following the raid, a senior executive in charge of PAX Technology's security resigned.[12]
