Core Insights - Nayax Ltd. and Adyen have formed a long-term strategic partnership to enhance cashless payment technology for businesses in the Electric Vehicle (EV) charging and automated self-service sectors [1][2] - The partnership will integrate Nayax's end-to-end payment and loyalty platform into Adyen's global platform, facilitating Nayax's expansion into new regions such as Latin America and APAC while reducing operational costs [2][3] Company Overview - Nayax is a global commerce enablement platform that provides cashless payment acceptance, management tools, and loyalty solutions, aiming to help merchants scale their businesses [5] - As of June 30, 2024, Nayax operates 11 global offices, employs approximately 1,100 staff, and connects with over 80 merchant acquirers [5] - Adyen is a leading financial technology platform that offers end-to-end payment capabilities and works with major companies like Meta, Uber, and Microsoft [6] Partnership Details - The partnership will introduce a unique global omni-channel payment service specifically designed for EV Charge Point Operators (CPOs), addressing operational challenges related to payment reconciliation [3][4] - Nayax's existing payment processing devices and software are already utilized by many of the largest CPOs globally [3] - The collaboration is expected to significantly enhance Nayax's growth in e-commerce, starting with the EV charging sector and potentially expanding into other verticals [4]
Nayax Partners with Adyen to Globally Expand Electric Vehicle Charging and Automated Self-Service Payments Infrastructure