PAX Technology, a major provider of point-of-sale terminal solutions, is pleased to confirm the appointment of Andrea Zucchiatti as Chief Product and Services Officer for the EMEA region.
As mentioned in the announcement, Andrea will leverage his extensive knowledge of the payments sector, his expertise for PAX products & services and his relationships with channel partners to improve the firm’s product marketing strategy & technical communications across Europe and the MENA region.
As noted in the update, Andrea is a well-respected industry veteran, “having begun his career as a software engineer with Italian payment terminal manufacturer DA Sistemi in 1991, progressing over the next 19 years to become R&D Director and later Chief Technology Officer.”
In mid-2012 Andrea “co-founded PAX Italia, in which PAX Technology acquired a majority stake in 2015,” the update noted.
Jack Lu, PAX Technology CEO, commented on the appointment:
“I am pleased to welcome Andrea into this new role, as he brings with him a wealth of experience in driving business growth and executing product & solutions strategy. I am confident he will successfully help lead the company through its next growth phase in the EMEA region.”
Mark O’Flynn, Sales Director EMEA, added:
“Last year saw PAX achieve record revenues and over 11.5 million terminals shipped worldwide. Andrea’s appointment is timely, because demand is very strong for PAX Technology’s Android-based payment terminal solutions.”
PAX Technology claims to be the world’s leading innovative payment terminal supplier. By 2020, PAX has sold over 50 million payment devices in more than 120 countries.
PAX further claims to be “the preferred POS terminal vendor for leading payment system integrators, acquiring banks, and payment processors.” The firm’s customer base reportedly includes Worldpay, McDonald’s, Global Blue and Starbucks.
PAX is listed on the Hong Kong Stock Exchange as PAX Global (stock code 00327).
As covered, PAX Technology had unveiled the European launch of the M30 & M50 Android PayPhones (at the payment industry’s Money20/20 event in Holland on 21-23 September 2021).
The M-series PayPhones are the “first-ever” smartphones with inbuilt point of sale (PoS) tech that combine the benefits of a secure EMV & PCI 6 certified payment terminal “within a modern Android smartphone ecosystem.”
As mentioned in a blog post, the M30 & M50 are “innovative alternatives for Acquiring Banks & Payment Service providers looking to strengthen partnerships with telecoms operators or deliver revolutionary new services to merchants.”