Core Insights - Nayax Ltd. has announced a strategic partnership with ASO Vending, Slovakia's largest vending machine operator, to enhance business scalability through advanced payment solutions [1][2][3] Company Overview - Nayax is a global commerce enablement platform that provides payment and loyalty solutions, aiming to help merchants scale their businesses effectively [5] - ASO Vending specializes in coffee and food vending machines, offering tailored solutions for various business environments, serving over 145,000 customers in Slovakia [6][7] Partnership Details - The partnership will involve the installation of thousands of Nayax's Onyx contactless card readers on ASO Vending's machines, which will more than double Nayax's active devices in Slovakia [2][3] - Nayax Capital, an embedded financing solution, will facilitate the purchase of these devices, allowing ASO Vending to maintain healthy cash flow while expanding its operations [2][3] Market Impact - ASO Vending's CEO, Robert Trgina, noted that previous cooperation with Nayax led to increased revenue and lower operational costs, prompting the decision to expand the partnership [3] - Nayax's Chief Commercial Officer, Oren Tepper, emphasized the unique value proposition of combining embedded financing with leading payment solutions, which is expected to strengthen Nayax's local presence in Slovakia [3]
Nayax Announces a Strategic Partnership with Slovakia's ASO Vending