PAX maintained steady growth momentum in Europe, the Middle East and Africa. More acquiring banks, payment service providers and retail groups switched to use PAX’s innovative solutions, with particular interest growing for the innovative A-series series, a family of state-of-the-art Android payment terminals.
The growing demand for PAX's Linux platform payment terminals was enhanced by increasing popularity among merchants for MiniPOS devices, standalone compact ‘paperless’ terminals. In particular, large volume orders were placed for MiniPOS deployment in Poland where the government launched a ‘cashless’ initiative earlier this year.
In the Middle East, PAX maintained a leading position and in Africa growing market share was recorded where a shift is taking place towards usage of higher performing Android and MiniPOS terminals.
The Group’s PAXSTORE software solution, a combination of an open platform appstore marketplace with an advanced terminal management system, has been successfully piloting in more than 25 countries worldwide, most of which are within the EMEA region.