Seeking Alpha: 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 (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 still has a lot of work to do in building out the software and service offerings it will need to compete in North America and Europe. With that, investors need to make sure they're comfortable that this company can continue to grow fast enough to outrun these concerns in the short run.

As a quick note, I would suggest investors try to buy the Hong Kong-listed shares (327.HK) if at all possible. Although PAX Global technically has a U.S. ticker symbol it appears to be effectively a dead ticker.

Read the full article here:
PAX Global Technology Looking To Disrupt The Point Of Sale Duopoly