All international business units recorded growth, especially the United States of America and Canada (USCA), Europe, the Middle East and Africa (EMEA) and Latin America and the Commonwealth of Independent States (LACIS). In the United States, PAX achieved encouraging results from the implementation of a sales strategy focused primarily on small to medium-sized merchants, part of the Group’s longer term plans to capture the significant EMV upgrade opportunities. In Italy, PAX won significant market share and expanded its banking customer base. In Brazil, PAX continued to be the dominant market leader for mPOS, successfully diversifying from its leading mPOS offering into the supply or traditional payment terminals during the second half of 2016. In the Asia Pacific region, PAX saw significant growth, mainly driven by the demonetization initiatives in India. Throughout North America, the Middle East, Africa, Latin America and the Asia Pacific regions, PAX continues to be one of the preferred E-payment Terminals suppliers. Turnover generated from overseas markets accounted for 57% of total revenue, representing an increase compared to 47% in 2015.