Nayax Partners with Adyen to Globally Expand Electric Vehicle Charging and Automated Self-Service Payments Infrastructure
16 September 2024 - 9:00PM
Nayax Ltd. (Nasdaq: NYAX; TASE: NYAX), a global commerce
enablement, payments and loyalty platform designed to help
merchants scale their business, and Adyen, the global financial
technology platform of choice for leading companies, today
announced a long-term strategic partnership to drive the seamless
global delivery of cashless payment technology to businesses in the
Electric Vehicle (EV) charging and automated self-service
industries.
With this partnership, Adyen joins Nayax’s network of acquiring
banks and Nayax’s end-to-end payment and loyalty platform will be
integrated into Adyen’s single global platform. This allows Nayax
to expand into new regions such as Latin America and APAC, while
also significantly lowering operational costs associated with
ongoing operations as a payment facilitator and entering into new
markets.
At the center of Nayax and Adyen’s partnership
is a forthcoming first-of-its-kind global omni-channel payment
service provider solution specifically built for EV Charge Point
Operators (CPOs). The soon-to-be-launched EV payments solution will
be integrated using a mobile payment software development kit (SDK)
to foster the seamless integration of both card present and online
payments, resolving significant operational issues for CPOs, which
grapple with the complexities of reconciling payments between
multiple providers. Currently, Nayax provides payment processing
devices and software globally for many of the largest CPOs.
“Partnering with Adyen, one of the most innovative financial
technology companies globally, provides Nayax with a long-term
strategic partner that can support the fast-paced international
growth of our business,” said Aaron Greenberg, Chief Strategy
Officer at Nayax. “We believe our expansion into e-commerce, which
will begin with EV charging and expand into other verticals, will
be a significant catalyst of our company’s growth.”
“Adyen is thrilled to join forces with Nayax to
help further drive the platform's offering in the fast-growing EV
charging and automated self-service verticals,” said Roelant Prins,
Chief Commercial Officer at Adyen. “Helping Nayax build out its
global financial technology offering will go a long way towards
supercharging the company’s growth and allowing us to deepen our
presence into the industries where Nayax excels, allowing us to
access its impressive roster of more than 85,000 customers.”
About NayaxNayax is a global commerce
enablement, payments and loyalty platform designed to help
merchants scale their business. Nayax offers a complete solution
including localized cashless payment acceptance, management suite,
and loyalty tools, enabling merchants to conduct commerce anywhere,
at any time. As a global leader in serving unattended retail, Nayax
has transformed into a comprehensive solution focused on our
customers' growth across multiple channels. As of June 30, 2024,
Nayax has 11 global offices, approximately 1,100 employees,
connections to more than 80 merchant acquirers and payment method
integrations, and is globally recognized as a payment facilitator.
Nayax's mission is to improve its customers' revenue potential and
operational efficiency. For more information, please visit
www.nayax.com.
About AdyenAdyen (ADYEN:AMS) is the financial
technology platform of choice for leading companies. By providing
end-to-end payments capabilities, data-driven insights, and
financial products in a single global solution, Adyen helps
businesses achieve their ambitions faster. With offices around the
world, Adyen works with the likes of Meta, Uber, H&M, eBay, and
Microsoft. The collaboration with Nayax, described in this press
release, underlines Adyen's continuous growth with existing and new
customers over the years. For more information, visit
Adyen.com.
Forward-Looking StatementsThis press release
contains statements that constitute forward-looking statements.
Many of the forward-looking statements contained in this press
release can be identified by the use of forward-looking
words such as “anticipate,” “believe,” “could,” “expect,” “should,”
“plan,” “intend,” “estimate” and “potential,” among others.
Forward-looking statements include, but are not limited to,
statements regarding our intent, belief or current
expectations. Forward-looking statements are based on our
management’s beliefs and assumptions and on information currently
available to our management. Such statements are subject to risks
and uncertainties, and actual results may differ materially from
those expressed or implied in the forward-looking statements due to
of various factors, including, but not limited to: our expectations
regarding general market conditions, including as a result of the
COVID-19 pandemic and other global economic trends; changes in
consumer tastes and preferences; fluctuations in inflation,
interest rate and exchange rates in the global economic
environment; the availability of qualified personnel and the
ability to retain such personnel; changes in commodity costs,
labor, distribution and other operating costs; our ability to
implement our growth strategy; changes in government regulation and
tax matters; other factors that may affect our financial condition,
liquidity and results of operations; general economic, political,
demographic and business conditions in Israel, including the
ongoing war in Israel that began on October 7, 2023 and global
perspectives regarding that conflict; the success of operating
initiatives, including advertising and promotional efforts and new
product and concept development by us and our competitors; and
other risk factors discussed under “Risk Factors” in our annual
report on Form 20-F filed with the SEC on February 28,
2024 (our "Annual Report"). The preceding list is not intended
to be an exhaustive list of all of our forward-looking
statements. The forward-looking statements are based on our
beliefs, assumptions and expectations of future
performance, taking into account the information
currently available to us. These statements are only estimates
based upon our current expectations and projections about future
events. There are important factors that could cause our actual
results, levels of activity, performance or achievements
to differ materially from the results, levels of activity,
performance or achievements expressed or implied by the
forward-looking statements. In particular, you should
consider the risks provided under “Risk Factors” in our Annual
Report. You should not rely upon forward-looking statements as
predictions of future events. Although we believe that the
expectations reflected in the forward-looking statements are
reasonable, we cannot guarantee that future results, levels of
activity, performance and events and circumstances reflected in the
forward-looking statements will be achieved or will occur. Each
forward-looking statement speaks only as of the date of
the particular statement. Except as required by law, we
undertake no obligation to update publicly any forward-looking
statements for any reason, to conform these statements to actual
results or to changes in our expectations.
Public Relations Contact: Scott Gamm Strategy
Voice Associates Scott@strategyvoiceassociates.com
Investor Relations Contact: Aaron Greenberg
Chief Strategy Officer Aarong@nayax.com
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