Shenzhen, China, November 19, 2024 – PAX Computer Technology (Shenzhen) Co., Ltd. (“PAX”) has signed a Memorandum of Understanding (MOU) with AXS Pte Ltd (“AXS”). This strategic partnership aims to harness the strengths and expertise of both organizations to drive innovation in payment technologies, create value for customers, and set new benchmarks for the industry.
Partnership Highlights
This collaboration reflects a commitment to addressing evolving market needs and capitalizing on emerging opportunities in the payment sector. The MOU outlines the following key areas of focus:
Joint Development and Innovation
PAX and AXS will work together to develop next-generation self-service terminals and advanced payment functionalities. These solutions aim to improve user convenience, enhance operational efficiency, and cater to the dynamic demands of the global payment landscape.
PAX’s Role
As a leader in payment hardware, PAX will provide cutting-edge devices, robust firmware, and technical support. This ensures the seamless integration of hardware and software solutions while maintaining the highest standards of reliability and security.
AXS’ Role
Leveraging its expertise in payment services, AXS will enable acceptance of international payment schemes, wallet capabilities, and localized solutions. This will bring greater diversity and flexibility to the payment ecosystem, enabling merchants and consumers to enjoy a more streamlined and comprehensive payment experience.
Leadership Perspectives
Both companies have expressed optimism and enthusiasm about this partnership, viewing it as a pivotal step towards advancing payment technologies globally.
Mr. Jack Lu, the CEO of PAX:
“This partnership with AXS is an exciting opportunity to combine our strengths in hardware and technology with their deep market insights and expertise. Together, we aim to redefine the payment experience, making it more innovative, secure, and customer-friendly.”
Mr. Jeffrey Goh, the CEO of AXS:
“Collaborating with PAX marks a transformative step for AXS as we strive to optimize global payment solutions. This partnership will enable us to deliver a more seamless and comprehensive payment experience for consumers and merchants alike, enhancing the efficiency and accessibility of financial transactions worldwide.”
A Shared Vision for the Future
This strategic partnership highlights a shared commitment to innovation and leadership in the payment sector. By uniting PAX’s advanced technological capabilities with AXS’s expertise in payment services, both organizations aim to address the changing demands of the digital economy. The collaboration is expected to foster the creation of innovative solutions that benefit businesses, consumers, and the wider financial ecosystem.
As payment technologies continue to evolve, PAX and AXS are well-positioned to drive progress and shape the future of the industry. This partnership is not just a step forward for the two companies but also a milestone for the payment sector, promising exciting developments and transformative solutions in the years to come.
About PAX
PAX Computer Technology (Shenzhen) Co., Ltd. is an internationally recognized leader in electronic payment terminals and solutions. Its portfolio includes POS terminals, smart payment devices, and software platforms, all designed to offer efficient, secure, and user-friendly payment options. Guided by a philosophy of continuous innovation, PAX partners with businesses worldwide to meet the challenges of the modern payment landscape and drive the industry’s development.
About AXS
Incorporated in 2000, AXS has served the payments needs of Singaporean consumers and merchants for over 20 years. AXS provides more than one million users with rapid access to greater than 800 payment services, via its network of over 630 AXS Station self-service kiosks, as well as its proprietary AXS e-Station web-based and AXS m-Station mobile-based applications. Website: https://www.axs.com.sg/
