Nayax
{{Promotional|date=April 2025}}{{short description|Global fintech company}}
{{Orphan|date=December 2018}}
{{Use mdy dates|date=January 2012}}
{{Infobox company
| name = Nayax Ltd.
| logo = Nayax logo.svg
| type = Public
| traded_as = Nasdaq:NYAX & TASE:NYAX
| industry = Fintech
| products = VPOS Touch, Onyx, VPOS Fusion, VPOS, AMIT, MoMa, Monyx Wallet
| assets =
| num_employees = 700
| foundation = {{start date and age|2005}}
| founder = Curtis Quinn
Co-founders Yair Nechmad & David Ben-Avi
| location = Hunt Valley, Maryland (worldwide headquarters); Herzliya, Israel (R&D) (subsidiary offices: US; Canada; UK; Japan; Australia; China; Mexico)
| homepage = [http://www.nayax.com/ www.nayax.com]
}}
Nayax Ltd. is a global fintech company that offers cashless, telemetry, management, monitoring, and business intelligence (BI) products and services for the vending, unattended, and other retail industries.{{cite journal|title=Top 20 Rankings|website=PYMNTS.com|date=August 2016|issue=Unattended Retail Tracker™|page=11}}
Nayax’s main products are point of sale (POS) devices that accept swipe, contact and contactless card payments as well as mobile near-field communication NFC payments.
Overview
Nayax was founded in 2005 in Tel Aviv by Yair Nechmad (CEO) and David Ben Avi (CTO).{{Cite web |last=Shulman |first=Golan Hazani and Sophie |date=2020-12-02 |title=Nayax aiming to become the first unicorn on the Tel Aviv Stock Exchange |url=https://www.calcalistech.com/ctech/articles/0,7340,L-3878497,00.html |access-date=2023-05-16 |website=CTECH - www.calcalistech.com}} Headquartered in Herzliya, Israel. Nayax has registered offices in over 8 countries: the United States, the United Kingdom, Germany, Japan, China, Australia, and New Zealand.{{Cite journal |last=Wilkins |first=Chris |date=2014-05-12 |title=The interim regulated legal market for NPS ('legal high') products in New Zealand: The impact of new retail restrictions and product licensing |url=http://dx.doi.org/10.1002/dta.1643 |journal=Drug Testing and Analysis |volume=6 |issue=7–8 |pages=868–875 |doi=10.1002/dta.1643 |pmid=24817124 |issn=1942-7603}}
In 2015, Nayax shipped 43,000 POS Terminals, ranking 36 in The Nilson Report's 2016 yearly survey.{{cite journal |date=September 2016 |title=POS Terminal Shipments Worldwide |url=https://www.nilsonreport.com/ |journal=The Nilson Report |issue=1095 |page=11 |url-access=subscription}}
In July 2018, Nayax was issued a Payment Institution license by the Board of the Bank of Lithuania.{{Cite web |date=13 July 2018 |title=Payment institution licence issued to Nayax Europe, UAB and UAB SHIFT Financial Services LT |url=https://www.lb.lt/en/news/payment-institution-licence-issued-to-nayax-europe-uab-and-uab-shift-financial-services-lt |website=Lietuvos bankas eurosistema}} Nayax was also awarded the Mastercard European Issuer License in 2022.
At the time of its founding, Nayax focused on providing solutions to vending and other unattended businesses. However, it has expanded into new sectors such as EV charging stations with EV Meter,{{Cite web |date=2023-02-16 |title=Nayax partners with TIBA to provide EV charging solution |url=https://www.vendingmarketwatch.com/technology/news/21295975/nayax-partners-with-tiba-to-provide-ev-charging-solution |access-date=2023-05-16 |website=Vending Market Watch}} payment apps with its launch of Monyx Wallet in 2020,{{Cite web |date=2020-01-21 |title=Monyx Wallet |url=https://www.vendingmarketwatch.com/technology/mobile-payment-systems/product/21121985/nayax-monyx-wallet |access-date=2023-05-16 |website=Vending Market Watch}} retail marketing with its acquisition of Weezmo in 2021, and financial solutions with its launching of Coinbridge in 2022.{{Cite web |title=Nayax launches CoinBridge to enable conversion of virtual assets into real cash |url=https://ibsintelligence.com/ibsi-news/nayax-launches-coinbridge-to-enable-conversion-of-virtual-assets-into-real-cash/ |access-date=2023-05-16 |website=IBS Intelligence |language=en-US}}
Nayax completed the largest-ever Initial Public Offering (IPO) by a tech company on the Tel Aviv Stock Exchange (TASE) at 2021.{{Cite news |date=2021-12-05 |title=Nayax completes largest-ever TASE tech IPO |language=en |work=Globes |url=https://en.globes.co.il/en/article-nayax-completes-largest-ever-tase-tech-ipo-1001370819 |access-date=2023-05-16}}
In 2022, it was dually listed in the Nasdaq Stock Exchange traded under NYAX.{{Cite web |date=2022-09-22 |title=Nayax celebrates Nasdaq listing and Capital Markets Day |url=https://www.vendingmarketwatch.com/management/news/21281636/nayax-nayax-celebrates-nasdaq-listing-and-capital-markets-day |access-date=2023-05-16 |website=Vending Market Watch}}
Awards
In 2015, Nayax shipped 43,000 POS Terminals, ranking 36 in The Nilson Report’s 2016 yearly survey.{{Cite journal |date=February 2007 |title=News Extra: Global mobile payment on the cards |url=http://dx.doi.org/10.1016/s0965-2590(07)70023-3 |journal=Card Technology Today |volume=19 |issue=2 |pages=2 |doi=10.1016/s0965-2590(07)70023-3 |issn=0965-2590}}
In August 2016, Nayax’s product VPOS was awarded Best Payment System in the UK 2016 Vendies by Vending International.{{Citation |last=Mai |first=Anne-Marie |title=Hvirvel og vending – En human vending i litteratur og velfærdsstatsstudier |date=2016-01-08 |url=http://dx.doi.org/10.2307/jj.608178.9 |work=Den humane vending |pages=223–244 |access-date=2023-05-16 |publisher=Aarhus University Press |doi=10.2307/jj.608178.9 |isbn=978-87-7124-152-5}}
In May 2017, Nayax received the Best Concept award at the Vending Star awards held at the u’vend and coffeena Exhibition in Cologne, Germany.{{Cite journal |date=May 1998 |title=Purafil wins president's E star award |url=http://dx.doi.org/10.1016/s1365-6937(98)90508-1 |journal=Filtration Industry Analyst |volume=1998 |issue=14 |pages=12 |doi=10.1016/s1365-6937(98)90508-1 |issn=1365-6937}}
In June 2017, Nayax again won the Vendies by Vending International Award for Best Payment System of the Year in the UK for its VPOS device.{{Cite web |title=Vending International {{!}} The Vendies 2017: Winners revealed! |url=https://vendinginternational-online.com/the-vendies-2017-winners-revealed/ |access-date=2023-06-18 |website=vendinginternational-online.com|date=June 29, 2017 }}
In November 2017, Nayax’s VPOS Touch won Best Payment System of the Year at EVEX 2017.{{Cite web |date=2017-11-27 |title=Record Attendance Announced For EVEX 2017, Over 360 Participants |url=https://www.vendingmarketwatch.com/events/news/12383338/record-attendance-announced-for-evex-2017-over-360-participants |access-date=2023-06-18 |website=Vending Market Watch}}
In October 2018, Nayax received the Vendies Award by Vending International for the Best Payment System of the Year in the UK, this time for its VPOS Touch device.{{Cite web |title=Vending International {{!}} A triumph for the industry |url=https://vendinginternational-online.com/a-triumph-for-the-industry/ |access-date=2023-06-18 |website=vendinginternational-online.com|date=October 3, 2018 }}
In November 2018, Nayax won the Best Payment System of the Year Prize for the Onyx device at EVEX 2018.{{Cite web |title=Vending International {{!}} The Vendies 2021: Introducing the winners |url=https://vendinginternational-online.com/the-vendies-2021-introducing-the-winners/ |access-date=2023-06-18 |website=vendinginternational-online.com|date=April 23, 2021 }}
In April 2021, Nayax won the Best Payment System of the Year Prize for the VPOS Touch device at the Vendies.
In 2022, Nayax won the Self-Service Innovation Award for Best COVID-19 Solution for Monyx Wallet.{{Cite book|date=2022-08-05 |publisher=Frontiers Media SA |doi=10.3389/978-2-88971-013-3 |doi-access=free |isbn=9782889710133 |title=Cardiology Oncology Innovation Network (COIN) SUMMIT 2020/2021 |chapter=}}
Acquisitions, Expansion, and IPO
In April 2014, Nayax purchased InOne Technologies LLC, based in Maryland, currently operating as the US subsidiary of Nayax Ltd., now known as Nayax LLC.{{cite web |title=Company Overview of InOne Technologies, LLC |url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=12144589 |website=Bloomberg}} In July 2016, Nayax acquired VendSys{{cite web |last1=Jed |first1=Emily |last2=Montano |first2=Nick |title=Nayax Acquires Vendsys Vending Software Company |url=http://vendingtimes.com/ME2/dirmod.asp?sid=EB79A487112B48A296B38C81345C8C7F&nm=Vending+Features&type=Publishing&mod=Publications%3A%3AArticle&mid=8F3A7027421841978F18BE895F87F791&tier=4&id=AE2EEF443425419BBB82B1EC19AF0DBB |accessdate=25 July 2016 |website=Vending Times}} In August 2016, Nayax's product VPOS was awarded Best Payment System in the UK 2016 Vendies by Vending International.{{cite journal |date=July–August 2016 |title=Winners Announced! |url=http://content.yudu.com/A40d8f/VIJulyAug2016/resources/index.htm?referrerUrl=http%3A%2F%2Fwww.vendinginternational-online.com%2F&skipFlashCheck=true |journal=Vending International |pages=12–13}} In December 2016, SafeCharge International Group Ltd. (LON:SCH) completed a minority investment in Nayax.{{cite web |last1=Kirilova |first1=Valentina |title=Safecharge makes strategic minority investment in Nayax |url=https://www.leaprate.com/news/safecharge-makes-strategic-minority-investment-in-nayax/ |accessdate=16 December 2016 |website=Leaprate|date=December 16, 2016 }}
In July 2016, Nayax acquired Vendsys.{{Cite web |date=2016-07-24 |title=Nayax Acquires Vendsys Vending Software Company |url=https://www.vendingtimes.com/news/nayax-acquires-vendsys-vending-software-company/ |access-date=2023-06-21 |website=www.vendingtimes.com |language=en}}
In December 2016, SafeCharge International Group Ltd. (LON:SCH) completed a minority investment in Nayax.{{Citation |title=The market – and who makes it |date=2015-05-20 |url=http://dx.doi.org/10.4324/9781315762296-15 |work=Real Estate Investment |pages=63–92 |access-date=2023-06-21 |publisher=Routledge |doi=10.4324/9781315762296-15 |doi-broken-date=May 7, 2025 |isbn=978-1-315-76229-6}}
In early 2017, Nayax acquired VendCheck which became the company’s Australian subsidiary, Nayax Australia.{{Cite web |last=MarketScreener |date=2017-01-16 |title=Nayax Ltd. acquired VendCheck from Bernard Carran. |url=https://www.marketscreener.com/quote/stock/NAYAX-LTD-122799266/news/Nayax-Ltd-acquired-VendCheck-from-Bernard-Carran-35228083/ |access-date=2023-06-21 |website=www.marketscreener.com |language=en}}
In 2020, Nayax purchased Modularity, a digital payments startup based in Tel Aviv.{{Cite web |date=2020-03-08 |title=Fintech Company Nayax Acquires Digital Payments Startup Modularity |url=https://www.calcalistech.com/ctech/articles/0,7340,L-3799495,00.html |access-date=2023-06-21 |website=CTECH - www.calcalistech.com}}
In 2021, Nayax purchased Weezmo, an Israeli tech start up.{{Cite press release |last=Nayax |title=Nayax Acquires Israeli Tech Start-up Weezmo |url=https://www.prnewswire.com/news-releases/nayax-acquires-israeli-tech-start-up-weezmo-301333786.html |access-date=2023-06-21 |website=www.prnewswire.com |language=en}}
In 2021, Nayax went public on the Tel Aviv Stock Exchange (TASE){{Cite web |date=2021-05-14 |title=Israeli Nayax opens trading on TASE following IPO |url=https://fintechmagazine.com/digital-payments/israeli-nayax-opens-trading-tase-following-ipo |access-date=2023-06-21 |website=fintechmagazine.com |language=en}} with the largest ever IPO in the history of the TASE high tech sector.{{Cite web |url=https://www.israelhayom.com/2021/05/21/israeli-fintech-unicorn-nayax-marks-record-ipo-on-tase/|title=Israeli fintech unicorn Nayax marks record IPO on TASE |access-date=2023-06-21 |website=www.israelhayom.com}} The fintech company raised $210 million at a company valuation of $1 billion with 75% of the money raised from foreign investors. US investment bank Jefferies led the IPO together with local partners Oppenheiner and Leader Capital Markets.{{Cite news |date=2021-12-05 |title=Nayax completes largest-ever TASE tech IPO |language=en |work=Globes |url=https://en.globes.co.il/en/article-nayax-completes-largest-ever-tase-tech-ipo-1001370819 |access-date=2023-06-21}}
In 2021, Nayax also partnered with Tigapo which provides solutions for amusement locations.{{Cite web |date=2021-03-30 |title=Nayax partnership with Tigapo extends reach of cashless payment platforms |url=https://www.vendingmarketwatch.com/technology/mobile-payment-systems/news/21216392/nayax-partnership-with-tigapo-extends-reach-of-cashless-payment-platforms |access-date=2023-06-21 |website=Vending Market Watch}}
In 2022, Nayax purchased On Track Innovations (OTI).{{Cite news |date=2022-01-23 |title=Nayax buys On Track Innovations |language=en |work=Globes |url=https://en.globes.co.il/en/article-nayax-buys-on-track-innovations-1001399529 |access-date=2023-06-21}}
In 2022, Nayax also went public on the Nasdaq Stock Market.{{Cite web |last=Brickates Kennedy |first=Val |date=2022-09-21 |title=Israeli fintech Nayax makes US market debut on Nasdaq (OTCMKTS:NYAXF) {{!}} Seeking Alpha |url=https://seekingalpha.com/news/3884976-israeli-fintech-nayax-makes-us-market-debut-on-nasdaq |access-date=2023-06-21 |website=seekingalpha.com |language=en}}
In 2022, Nayax was awarded a Mastercard European Issuer Licence.{{Cite web |date=2022-12-14 |title=Nayax awarded Mastercard European issuer license for CoinBridge |url=https://www.vendingmarketwatch.com/management/news/21290019/nayax-awarded-mastercard-european-issuer-license-for-coinbridge |access-date=2023-06-21 |website=Vending Market Watch}}
In 2022, Nayax launched CoinBridge, a financial solution that converts virtual assets into currency.{{Cite web |title=Nayax launches CoinBridge to enable conversion of virtual assets into real cash |url=https://ibsintelligence.com/ibsi-news/nayax-launches-coinbridge-to-enable-conversion-of-virtual-assets-into-real-cash/ |access-date=2023-06-21 |website=IBS Intelligence |language=en-US}}
In 2023, Nayax partnered with Düzey, part of Koç Holding. {{Cite web |date=2023-09-14 |title=Nayax Announces Strategic Partnership with Turkey's Düzey |url=https://finance.yahoo.com/news/nayax-announces-strategic-partnership-turkey-123000878.html |access-date=2023-10-12 |website=Yahoo Finance |language=en-US}}{{Cite web |date=2023-09-15 |title=Nayax announces a strategic partnership with Düzey in Turkey |url=https://www.vendingmarketwatch.com/management/news/53072434/nayax-announces-a-strategic-partnership-with-dzey-in-turkey |access-date=2023-10-12 |website=Vending Market Watch}}
In 2023, Nayax acquired Retail Pro International (“Retail Pro”), a global leader in retail Point of Sale (“POS”) software with Tier 1 global brand names across the world.{{Cite web |title=Nayax Completes Acquisition of Retail Pro International |url=https://www.retailpro.com/News/index.php/99/Nayax_Completes_Acquisition_of_Retail_Pro_International |access-date=2023-11-30 |website=Retail Pro International |language=en-US}}
Product Info
2017 – Nayax introduced a self-checkout kiosk, the PayMarket Kiosk, to its line of products.{{Cite journal |last=Brown |first=Eryn |date=2020-08-11 |title=Why jobless payments serve the public good |journal=Knowable Magazine |doi=10.1146/knowable-081020-2 |issn=2575-4459|doi-access=free }}
2019 – Nayax launches VPOS Fusion.{{Cite web |date=2019-04-23 |title=Nayax Launches VPOS Fusion At NAMA Show |url=https://www.vendingtimes.com/news/nayax-launches-vpos-fusion-at-nama-show/ |access-date=2023-06-21 |website=www.vendingtimes.com |language=en}}
2022 – Nayax launches Nayax Capital.{{Cite press release |last=LTD |first=NAYAX |date=2023-01-10 |title=Nayax Announces Nayax Capital |url=https://www.globenewswire.com/news-release/2023/01/10/2586047/0/en/Nayax-Announces-Nayax-Capital.html |access-date=2023-06-21 |website=GlobeNewswire News Room |language=fr}}
References
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Category:Financial technology companies