Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

PAX Global Technology Looking To Disrupt The Point Of Sale Duopoly

In the U.S. and Europe, when it comes time to swipe your credit or debit card, the odds are very high that it is going to go through a machine made by either VeriFone (NYSE:PAY) or Ingenico (OTCPK:INGIY). China's PAX Global Technology (OTC:PXGYF) (327.HK) is hoping to change that, though, and the company already boasts significant share in China and the wider Asia-Pacific region. As the U.S. approaches the adoption of EMV standards ("chip cards"), PAX Global could be approaching some significant share growth potential.

PAX Global is not a bargain basement stock, though. The stock is not widely covered by Western sell-side banks yet, but the stock sports a pretty healthy multiple and...

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