Nayax and Adyen Announce Long-Term Strategic Partnership for Cashless Payment Technology

September 26, 2024

Nayax Ltd., a global payments and loyalty platform, has announced a long-term partnership with Adyen, a leading financial technology platform. This new collaboration promises fast-paced growth and novel applications that will impact a variety of industries, including break room and refreshment operators. 

One of the partnership’s initial goals, announced this month, is to create a “first-of-its-kind global omni-channel payment service provider solution specifically built for EV Charge Point Operators (CPOs),” Nayax stated in a recent press release. Additionally, the companies plan to revolutionize cashless payment options for the self-service industry.

Nayax and Adyen Partnership Meets New Market Need: Streamlined Payments for Electric Vehicle Charging Stations

As electric vehicles grow in popularity, the demand for on-the-go charging stations is rapidly increasing. Currently, charging operators face challenges in processing payments from multiple providers. Nayax and Adyen’s partnership promises to streamline this process by integrating credit card and online payments, offering a simplified solution for both consumers and operators.

Nayax and Adyen Partnership Benefits Both Companies and Consumers

Beyond EV charging, Nayax and Adyen’s partnership is set to benefit both companies and consumers. Nayax asserts this partnership with Adyen will allow them 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,” according to the recent press release. Moreover, the collaboration is expected to extend into other verticals, utilizing Nayax’s closed-loop technology and Adyen’s expertise in e-commerce, mobile, and point-of-sale payments.

Both companies see this collaboration as a strategic move for growth. Nayax will gain from Adyen’s financial technology and international reach, while Adyen will expand its presence in industries where Nayax excels, reaching over 85,000 customers.

Long-Term Outcomes of Adyen and Nayax’s Partnership for the Self-Service Industry

This partnership is poised to set a new standard in payment processing, offering innovative solutions that benefit consumers and streamline operations for businesses across outside the scope of electric vehicles. Together, Nayax and Adyen intend to offer innovative solutions that benefit the end consumer and streamline payment processing for businesses.