PAX Global Technology Limited is an investment holding company. The Company together with its subsidiaries is engaged in the development and sale of electronic fund transfer point-of-sale (EFP-POS) products and provision of related services. The Company develops and sells countertop and mobile EFT-POS terminals, which are able to process a range of electronic payment types, including signature and PIN-based debit cards, credit cards, contactless/radio frequency (RF) identification cards, RF-enabled mobile phones, integrated circuit (IC) cards, pre-paid gift and other stored-value cards. The Company also develops and sells consumer activated devices, contactless devices and EFT-POS software. The Company operates in Hong Kong, the People鈥檚 Republic of China and the United States. The ultimate holding company of the Company is Hi Sun Technology (China) Limited (Hi Sun). PAX Technology is the subsidiary of the Company.