PAX Technology Australia: Android Payment
Innovation for Banks, Merchants and Payment Service Providers
PAX Technology Australia (PTA), backed by PAX’s global leadership in Android payment devices, delivers secure, innovative solutions through its suite of terminals, MAXSTORE platform and local HSM infrastructure in Sydney. With proven success in retail, transport and enterprise merchant ecosystems, PTA also offers 360-degree solutions across the banking and financial service sectors, shaping the future of payments across Australia and New Zealand.
Covering every payment need, any industry
Over 80 million PAX terminals deployed in over 120 countries

The Group’s revenue reached HK$ 2.7 billion,
interim dividend up by 4%
PAX Global Technology Limited (“PAX” or the “Group”, stock code: 00327.HK), one of the world’s leading providers of electronic payment terminal (“E-payment terminal”) solutions and related services, is pleased to announce its unaudited interim results for the six months ended 30 June 2025 (the “Period”).
Market opportunities
With the increasing popularity of digital payments, cashless transactions are emerging as a global trend. Meanwhile, the fast-paced advancement of blockchain technology is creating new opportunities for the payment sector. In 2025, the regulatory environment continued to be supportive, with the enactment of the U.S. GENIUS Act and Hong Kong’s Stablecoins Ordinance coming into effect. The establishment of regulatory frameworks for payment stablecoins is ushering in a new landscape for the payment industry.
Driven by both policy tailwinds and growing market demand, global digital transformation is accelerating and unlocking vast potential for the payment terminal sector. The Group is actively capitalizing on these trends, with PAX payment terminals now support stablecoins and other emerging payment methods across multiple markets. Leveraging our global presence and technological expertise, PAX is committed to delivering diversified, secure, and efficient payment solutions to merchants worldwide.
PAX Group strategic priorities
Seizing opportunities in stablecoin payments
2025 marks a landmark year for stablecoin payments. The rapid evolution of stablecoins and blockchain technology is reshaping the global financial payment ecosystem, driving payment options toward even greater efficiency. PAX is actively embracing these emerging digital currency payment methods, providing merchants worldwide with more diversified, secure, and efficient payment solutions. Leveraging our global sales network and SaaS ecosystem, PAX will continue to harness its technological innovation and collaborate with partners to capture new opportunities in stablecoin payments.
Optimizing payment terminal portfolio
PAX places innovation and quality at the heart of its strategy, empowering global acquiring banks, PSPs and independent sales organisations to serve merchants with greater efficiency and intelligence. To strengthen competitiveness and respond swiftly to evolving demand, PAX is strategically optimizing resource allocation to drive cost reduction and improve efficiency. The Group will streamline its payment terminal portfolio, focusing resources on high-demand and high-value Android models to strengthen its brand presence and reinforcing its leading market position.
Strengthening the SaaS ecosystem
To fully unlock the potential of Android smart terminals, the Group is advancing its next-generation SaaS ecosystem. Our suite of value-added services includes AirViewer for remote support, GoInsight for big data analysis, Cyberlab for cloud-based payment application testing, and the PCI-certified RKI platform for secure key management. Meanwhile, PAX is also accelerating the integration of artificial intelligence (AI) to enhance intelligent support and data applications, laying the foundation for the next generation of smart payment infrastructure.
2025 H1 financial summary
the first half of 2025, the Group leveraged its global footprint, optimized resource allocation and targeted high-potential markets to drive resilient business development across regions. During the period, the Group recorded revenue of HK$2,716.2 million. By implementing a diversified market strategy, PAX maintained a stable gross profit margin of 46.9%. Profit for the period reached HK$391.4 million, with a net profit margin of 14.4%, demonstrating PAX’s enterprise-wide resilience and strong risk management capabilities. The board of directors has resolved to declare an interim dividend of HK$0.25 per ordinary share for the six months ended 30 June 2025.
Global regional highlights
Europe, the Middle East and Africa (EMEA)
The Group delivered robust results in the EMEA region, with sales reaching HK$1,083.9 million, continuing to be PAX’s largest revenue-contributing region. In Europe, key markets like Italy, the United Kingdom and France achieved significant sales. Flagship Android models the A920Pro and A35 are highly preferred by leading acquiring banks and PSPs, with widespread adoption across sectors such as retail, hospitality and transportation. Strategic partnerships with EV charging providers also fueled sales growth for our unattended payment terminal model IM30.
In the Middle East, growth momentum in the UAE remained strong. Across Africa, PAX strengthened partnership with local PSPs to drive digital payment adoption and financial inclusion. During the period, Egypt achieved strong double-digit growth while Sub-Saharan shipments continued to rise steadily.
The Group continues to strengthen its payment security services in EMEA. During the period, PAX Remote Key Injection (“RKI”) service in Italy successfully renewed PCI PIN and PCI P2PE certifications, highlighting PAX’s commitment to upholding the highest industry standards. This achievement further solidifies our leadership in payment security across EMEA.
Latin America and the Commonwealth of Independent States (LACIS)
In the first half of 2025, PAX faced pressure on its sales in key Latin American markets as a result of economic uncertainty, currency fluctuations and intensified industry competition, particularly in Brazil. Across other Latin American countries, the Group has further strengthened its local partnership networks. In Panama, the Group made steady progress with the deployment of Android smart terminals, achieving notable sales growth during the period.
The United States of America and Canada (USCA)
the North American market showed steady recovery with rising order volumes, driving sales growth of 39.0% year-on-year.
The Group’s flagship payment products such as the A920Pro, A3700, A35 and A800 are widely deployed across high-traffic sectors like cinemas, telecom operators, convenience retail and quick-service restaurant chains, driving stronger market penetration. Demand surged for the IP67-rated PDA A6650 while the A920MAX officially entered commercial use in North America.
In the Android commercial POS (“EPOS”) field, the Group made notable inroads with Workstation orders rising steadily. During the period, we partnered with a nationally renowned quick-service restaurant chain, further driving large-scale adoption of its EPOS solutions across commercial environments. To capture the growing market demand for EPOS products, we will increase investment in direct sales channels for retail and hospitality, while strengthening product localization capabilities to address the distinct needs of market segments across North America.
Asia Pacific Region (APAC)
In the Asia Pacific region, the Group continues to strengthen its presence with diversified market strategy. Despite extended sales cycles in certain markets, PAX is ramping up investment in high-potential markets, driving steady development in the region.
In Japan, PAX doubled the sales during the period, driven by accelerated deployment of smart payment terminals. New models such as the A920MAX and A8700 have secured multiple new projects, including a landmark partnership with one of Japan’s largest retail chains for a large-scale A8700 rollout. This marks a significant breakthrough for PAX in Japan’s retail sector.
In Australia, the post-acquisition integration of a local distributor progressed smoothly. PAX will strengthen its local sales and support presence, while expanding its software and value-added service capabilities. In the first half of 2025, the newly established RKI service in Australia successfully obtained PCI PIN certification, further strengthening the Group’s payment security capabilities in the Asia Pacific region and delivering more efficient and localized security service for partners.
Leading global payment security standards and setting a new industry benchmark
Positioned at the forefront of the global payment terminal industry, PAX is committed to investing in technological innovation and product security. In the first half of 2025, PAX was once again appointed to the PCI SSC Board of Advisors, as the only Asian payment terminal provider among over 60 global members.
As payment technologies rapidly evolve and global compliance standards become more stringent, the Group has continued to strengthen its compliance and security capabilities, achieving significant milestones in international payment certifications. During the period, the A920Pro smart terminal successfully achieved EMVCo C-8 certification, paving the way for industry shift to next-generation contactless standards. Moreover, the A77 Android MiniPOS became the world’s first payment terminal to receive PCI PTS POI v7.0 certification, the highest security benchmark for PIN-entry devices. This achievement highlights PAX’s strong commitment to payment security and its leading R&D capabilities.
Driving global adoption of Android smart payment terminals and unlocking diverse verticals
PAX Android solutions play an increasing vital role in multiple verticals, powering payments in diverse market segments, including retail, hospitality, quick-service restaurant chains, transportation, vending, theme parks, tourist attractions and electric vehicle (EV) charging. During the period, Android products accounted for over 65% of the Group’s total revenue.
Growing SaaS ecosystem with MAXSTORE platform reaches 15-million terminal milestone
The Group continues to accelerate investment in its flagship SaaS solution, MAXSTORE, delivering scalable and high-performance solutions to clients worldwide. As of 30 June 2025, MAXSTORE achieved a milestone of 15 million connected terminals, offering a diverse selection of over 16,000 applications.
Mr. Tiger NIE, Chairman & CEO of PAX, said, “Looking ahead, riding the momentum of rapid global digital payment development, PAX is ready to seize the opportunities presented by stablecoins. We’re focused on streamlining our product portfolio and enhancing our SaaS services. Together with our global partners, we will explore new business opportunities and continue to reinforce our position as a leader in the payment terminal industry.”

PAX Technology, the world's leading payment terminal solutions provider, is proud to announce that its A77 Android MiniPOS has become the world's first payment terminal to receive PCI PTS POI v7.0 certification - the highest and most comprehensive security standard for PIN-entry devices.
This landmark approval, issued by the Payment Card Industry Security Standards Council (of which PAX is the only Asian headquartered manufacturer on the Advisory Board) and validated through rigorous testing by UL Transaction Security, cements PAX Technology’s industry leadership in pioneering secure, forward-thinking solutions for Acquirers, PSPs, ISOs, and their Merchants across the globe.
What PCI PTS POI v7.0 Means for Your Business
As the newest and most robust evolution of the PCI PTS POI v7.0 is designed to future-proof the global payments ecosystem. The A77’s successful certification confirms that this model meets - and exceeds - the toughest requirements for secure, reliable, and tamper-resistant payment transactions. The PAX A77 delivers:
Advanced hardware and software security architecture
Tamper-detection and resistance for secure PIN entry
End-to-end protection for online and offline PIN transactions
DUKPT and Master/Session key management using both TDES and AES
Acquirer-configurable prompt controls
Full-spectrum payment acceptance: IC card (ICC), Magnetic Stripe (MSR), Contactless (CTLS), and Third-Party Applications
“This milestone reinforces our unwavering commitment to security and innovation,” said Andrew Wu, Vice President at PAX Technology. “With PCI PTS POI v7.0 approval, our channel partners - and the PSPs and ISOs they serve - can lead with confidence, knowing the A77 offers their merchants the most advanced protection available on the market.”
The Payment Industry’s Most Trusted Android MiniPOS Terminal
Praised for its compact elegance, Android flexibility, and wireless versatility, the A77 is already a top choice for forward-looking payment service providers. With PCI PTS POI v7.0 approval, it currently stands as the world’s most secure mobile terminal, enabling partners to confidently meet the compliance demands of today - and tomorrow.
Certified through April 2035, the A77 offers unmatched long-term assurance for partners looking to invest in secure, standards-compliant, Android-powered payment technology.

PAX Global Technology, the global leader in payment terminal solutions, is pleased to announce that its flagship Android payment terminal model A920Pro has received EMVCo certification for the EMV Contactless Specification C-8 - a milestone that positions PAX as a pioneer of next-generation standards for contactless payments.
Developed by the world’s leading payment networks, the EMVCo C-8 specification sets a new global benchmark for contactless payments - replacing multiple proprietary kernels with a unified, more secure, and easier-to-deploy solution.
Why It Matters for PAX Customers
For payment service providers deploying the A920Pro, C-8 certification means:
Future-Ready: Compliance with upcoming global mandates as the industry shifts to the EMVCo C-8 standard.
Stronger Security: ECC*, encrypted card data, and RRP (Relay Resistance Protocol) against modern fraud threats**.
Simplified Rollout: One standard across schemes reduces integration effort and cost.
Seamless Transition: Maintains support for existing kernels during migration.
Aileen Liu, Payment Technology Director at PAX Technology, said, "Achieving EMVCo C-8 certification underscores our commitment to delivering secure, innovative payment solutions. The A920Pro's certification reflects our dedication to meeting the evolving needs of our customers and the payment industry at large."
Commitment to Innovation
As a member of the EMVCo Board of Advisors, PAX plays an active role in shaping global payment standards- demonstrating deep in-house kernel expertise and a forward-thinking approach to compliance and innovation.
Additional Compliance Milestones
PAX Technology’s commitment to global regulatory alignment extends beyond C-8, with parallel advancements underway across regional frameworks:
The A920Pro has completed testing for RED cybersecurity and is currently awaiting the final EU-Type Examination Certification from the Notified Body (NB).
PAX payment terminals such as A920Pro, and IM30 have achieved Verification of Compliance (VOC) for the European Accessibility Act (EU EAA) directive through independent laboratory testing***.
* Elliptic Curve Cryptography (ECC) for Offline Data Authentication, replacing RSA with a future-proof cryptographic algorithm to ensure the authenticity of a payment card.
** Relay Resistance Protocol (RRP), which protects against relay attacks that could misuse payment credentials at unauthorized merchants.
*** The EAA process does not issue formal certificates, but VOC confirms technical compliance.

Final dividend up for fifth consecutive year
PAX Global Technology Limited (“PAX” or the “Group”, HKSE stock code: 00327.HK), one of the world’s leading providers of electronic payment terminal (“E-payment terminal”) solutions and related services, is pleased to announce the audited annual results for the year ended 31 December 2024.
In 2024, the global economy maintained a slow recovery phase, with high interest rates and a strong U.S. dollar resulting in more cautious payment terminal deployments among international clients. With its long-term strategic vision, PAX proactively navigated market dynamics by driving payment technology innovation through Android smart payment terminals and Software as a Service (“SaaS”) solutions. While strengthening our global business footprint, PAX has adhered to implementing U.S. dollar settlement strategy to overseas businesses, effectively mitigated foreign exchange risks and strengthened the Group’s risk management capabilities. Moreover, PAX reinforced its financial resilience through stringent credit management strategy and shipment optimization.
During the year, the Group recorded revenue of HK$6,044.9 million and profit for the year of HK$720.9 million, with net profit margin of 11.9%. Net cash generated from operating activities reached HK$1,162.7 million, reflecting our strong cash flow generation capability even amidst global market challenges. The Board has recommended to declare a final dividend of HK$0.25 per ordinary share for the year ended 31 December 2024.
Mr. Jack LU, Chief Executive Officer of PAX, commented, “As cashless payments gradually become the global commercial standard, PAX is dedicated to continuous innovation, precisely addressing market needs and delivering smarter, more efficient and high-quality payment solutions to clients worldwide. The Group continues to strengthen its footprint in key markets, focusing on value creation along the payment chain and collaborating with partners to capitalize on emerging business opportunities.”
Commencement of PAX Smart Terminals Industrial Park and the new headquarters building
As the world’s leading electronic payment terminal enterprise, PAX is steadfast in its commitment to investing in the future, driving long-term business development. During the year, the Group achieved a major milestone with the commencement of two core infrastructures: the PAX Smart Terminals Industrial Park and the new headquarters building. The Smart Terminals Industrial Park in Huizhou (China), now serves as PAX’s key production hub, enhancing the Group’s supply chain efficiency and delivery capabilities. Meanwhile, the commencement of the new headquarters marks a new milestone in the Group’s development, laying a solid foundation for the Group’s global expansion and innovation.
Continuously creating versatile smart payment experience across multiple market segments
With a strong focus on innovation and high-quality products, the Group holds a leading position in the global Android smart payment terminal market, effectively meeting the needs of diverse sectors, including retail, hospitality, transportation, parking, electric vehicle charging stations, sports venues and tourism hotspots, creating great commercial values.
In 2024, PAX continued to strengthen its global market presence, with sales of Android smart terminals surpassing 60%. Flagship model A920Pro continues to be the most popular payment terminal, widely acclaimed by global acquiring banks and PSPs for its uniquely elegant design and robust features. PAX has maintained its commitment to product innovation, introducing a series of new smart payment terminals including the handheld models A8900 and A99 which will cater to retail and hospitality needs, and the unattended payment terminal model IM25, designed for self-service environments, providing robust support for diverse payment scenarios.
Steady sales growth of Android commercial POS (“EPOS”) business
Recognising the increasing demand for integrated business solutions across retail and hospitality, the Group is expanding into the Android EPOS market. The Elys series leverages the Android operating system to achieve seamless device synchronisation. This enables retailers and restaurants to optimise operations across the entire value chain – from front-end transactions to back-end management – significantly improving operation efficiency.
The Elys series has garnered strong market attention and demonstrated steady sales growth in North America. Moving forward, PAX is committed to increasing R&D investment and accelerating the global expansion of the Elys series, fueling new momentum for the Group’s long-term growth.
Harnessing the power of SaaS to create synergies across the payment ecosystem
The Group continues to unlock the potential of the payment market by offering cutting-edge SaaS solutions including terminal management platform, Remote Key Injection (RKI), and value-added operational services for acquiring banks, PSPs and merchants.
In 2024, revenue from our SaaS solutions reached HK$138.2 million, showing a year-on-year growth of 30.5%. As of 31 December 2024, over 14 million payment terminals were connected to the MAXSTORE platform, enabling merchants to access more than 14,000 diverse software applications and value-added operational services.
Global regional analysis
Europe, the Middle East and Africa (EMEA)
In 2024, Europe, the Middle East and Africa emerged as the Group’s largest revenue region, with annual sales reaching HK$2,202.9 million. With years of strategic investment and commitment to the EMEA region, the PAX brand and its reputation for superior product quality have earned high praise and market recognition. The A920Pro smart payment terminals have been deployed en masse across most of the region’s countries, with growing market penetration.
The PAX business maintained strong momentum across Europe, however demand in a few countries such as Germany and Spain were volatile. During the year, significant sales were achieved in Italy, the United Kingdom, France and South Eastern Europe, the Group continued to achieve notable breakthroughs, with adoption of smart payment terminals across retail, transportation and sports venues, highlighting our strong brand recognition and growth potential in the market.
In the Middle East, sales in Saudi Arabia and other GCC countries continued to generate significant revenue contribution for PAX. In Africa, the Group is focusing on expanding its footprint in the UEMOA (The West African Economic and Monetary Union) region, with growing number of PSPs adopting the A920 payment terminal, certified to regional standards. As PAX accelerates the certification of other models, we expect that shipments in West Africa will see positive growth in the future.
Latin America and the Commonwealth of Independent States (LACIS)
PAX performance in the LACIS region was affected by the sales slowdown in Brazil, while other South American markets delivered promising development. As Brazil’s payment terminal industry transitioned from a high-growth period to a more stable development phase, compounded by macroeconomic pressures such as high-level of interest rate, resulting in overall procurement decline and posing challenges to PAX business in Brazil.
In other South American countries with growth potential, the Group has further strengthened cooperation with channel partners and PSPs, driving steady business expansion. Notably, Mexico and Argentina have emerged as new key contributors in Latin America.
In Mexico, market demand is gradually shifting from traditional terminals to Android smart payment solutions. The market showed growing demand for PAX A-series Android smart payment terminals, with the A910 proving to be the best-selling model with substantial shipments, expanding into diverse segments such as vending machines, self-service airport kiosks and public transit systems.
In the future, the Group will further strengthen its presence in Mexico and Argentina, with product portfolio enhancement and closer collaboration with local channel partners and PSPs. Meanwhile, PAX will devote more resources in South American countries such as Chile and Panama, striving to transform these potential markets into new business growth engines in the region.
Asia Pacific Region (APAC)
The Group continues to strengthen its business presence across the Asia-Pacific region, achieving robust sales growth in India, Japan and Indonesia. However, macroeconomic uncertainties have caused market demand slowdown across certain Southeast Asian markets. In India, PAX has maintained its leading position as local banks’ preferred payment terminal provider, with sustained year-on-year sales growth. To capitalise on the surging demand for UPI QR code payments, PAX has introduced the soundbox CS70 and CS75, and successfully secured large-scale orders from leading acquiring banks and PSPs.
The Group’s market expansion in Japan and Indonesia has achieved remarkable results, with record-high sales in both markets during the year. In Japan, the continued shift towards cashless payments fuelled robust demand for PAX Android smart payment terminals. The PAX A920 has gained widespread market adoption, while the new model A920MAX was successfully introduced for commercial use this year. In Indonesia, PAX maintains its market-leading position, with its A920Pro and A930 earning high recognition among acquiring banks, driving order volumes continue to rise.
To enhance our market share and brand presence in Australia and New Zealand, the Group fully acquired an Australian distributor Pax Technology Australia during the year. This acquisition will strengthen our ability to deliver localized solutions and value-added services, scaling up the deployment of Android payment terminals, driving business expansion in Australia and New Zealand.
The United States of America and Canada (USCA)
In the first half of 2024, cautious investment strategies among retailers, ISOs and financial institutions resulted in slower payment terminal deployments, leading to a temporary slowdown in market demand. As market gradually recovered in the second half of the year, propelling a resurgence in orders and fueling sales growth in North America.
Leveraging a robust portfolio of Android smart payment terminals, the Group continues to strengthen its strategic partnerships with banks while actively expanding direct-to-retail sales channels. These efforts have extended segments, including cinemas, telecom providers, convenience stores, and quick-service restaurant chains, delivering efficient payment solutions tailored to diverse business needs. Flagship products such as A920Pro, A3700 and A80 have gained widespread market recognition. Meanwhile, significant progress was made in product certifications with banks, laying a strong foundation for future deployment.
The Group has accelerated its strategic expansion in the Android-based EPOS market, facilitating the digital transformation of the retail and hospitality industries. PAX Elys series has gained strong traction among PSPs, with increasing deployment of the Elys Workstation, driving sustained sales growth.
Mr. Jack LU, Chief Executive Officer of PAX, commented, “Amid the ongoing wave of evolution in the global payment landscape, PAX leverages its superior Android smart payment terminal technology to empower acquiring banks, PSPs and ISOs to enhance their merchant service capabilities. The Group will remain committed in strengthening its strategic presence in key markets, while driving digital transformation and business innovation through its cutting-edge Android smart payment terminals and SaaS solutions.”
For more information, please refer to the annual report and presentation.