PAX Technology announced European launch of the world’s first Android PayPhones at Money 20/20

22 septembrie 2021

M30 & M50 are modern Android smartphones with inbuilt payment acceptance & certified to the latest PCI and payment industry standards. Make calls, access Google Play, accept Chip & PIN and Contactless cards as well as Mobile Wallets and QR code transactions.

PAX Technology, the world’s leading payment terminal solutions provider, announced the European launch of the M30 & M50 Android PayPhones at the payment industry’s leading Money20/20 event in Amsterdam.


„The innovative M-series PayPhones are the first-ever smartphones with inbuilt point of sale technology that combine the benefits of a secure EMV & PCI 6 certified payment terminal within a modern Android smartphone ecosystem,” according to the press release.

„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,” the company says.

Jack Lu, CEO of PAX Technology, commented: “The M30 and M50 are compelling devices, not just because of their technology, but in how they have the potential to revolutionize retail. You can now accept payments, make voice & video calls and interact with customers on social media, all via a single device.
In Brazil, where many tens of thousands of the M-series models were deployed during a successful pilot phase, entrepreneurial merchants and businesses are now marketing goods & services by filming videos and taking photos, and then selling and accepting payment, all via these innovative PAX devices.


M30 is designed to bridge the gap between customer and POS system capabilities, enables companies and entrepreneurs to run an eCommerce business on the go. All major global payment methods can be accepted, while at the same time efficiently handling sales & inventory management.

A secure PINpad is located on the opposite side to the full screen display, turning the smartphone into a secure payment device.

M50 takes the user experience even further by enhancing the M30 features with faster processing power running on Android 11, a larger 5.7-inch HD+ display for a better working experience. Both models are powered by advanced battery technology allowing up to 78 hours of standby time.

Andrew Wu, VP for the EMEA region at PAX Technology, added: “We are helping redefine mobile commerce, enabling merchants to be more effective and to process everything they need on the spot, anytime & anywhere. This is the beginning of a new era for mobile business.

Octavian Angelescu, CEO TXD IT Solutions, the reseller of PAX Technology in Romania, concluded:

„The M30 & M50 are unique and revolutionary equipment that offers a payment terminal integrated in a mobile phone. It can be used successfully in the area of ​​retail, public catering, transport and deliveries.”

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Mihai Draghici – CEO PayByFace

„Dupa ce oamenii creeaza un cont PayByFace si au adaugat cardul, selfi-ul si PIN-ul, si au avut un pic de curaj sa se duca sa incerce, daca au incercat o data plata prin recunoastere faciala nu mai folosesc altceva (n.r. ca modalitate de plata). 80% dintre ei numai asta folosesc. Le place la nebunie.” 

Afla aici rezultatele in adoptia platii prin recunoastere faciala.

Sondaj

In 23 septembrie 2019, BNR a anuntat infiintarea unui Fintech Innovation Hub pentru a sustine inovatia in domeniul serviciilor financiare si de plata. In acest sens, care credeti ca ar trebui sa fie urmatorul pas al bancii centrale?