Adyen and Nayax, a global commerce platform, have partnered to enhance global cashless payments for Electric Vehicle (EV) charging and self-service industries.
Under the agreement, Adyen will integrate Nayax’s payment and loyalty platform into its global system, connecting with Nayax’s bank network. This will enable Nayax to expand into regions such as Latin America and APAC, while significantly reducing operational costs and streamlining payment facilitation.
At the heart of the partnership between Nayax and Adyen is a global omnichannel payment service tailored for EV Charge Point Operators (CPOs). This upcoming solution will launch soon and integrate card present and online payments through a mobile payment SDK.
The partners aim to address major operational challenges for CPOs by simplifying payment reconciliation across multiple providers. Currently, Nayax supports many of the largest CPOs worldwide with its payment processing devices and software.
Aaron Greenberg, Chief Strategy Officer at Nayax, said: “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.
“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.”
Nayax isn’t the only company looking to grow from this agreement. In August, Adyen announced its H1 financial results and set a target to increase net revenue by around 20-30% annually through 2026.
To achieve this, the fintech is looking to replicate its success in H1, which it attributed to the many partnerships announced earlier this year.
Roelant Prins, Chief Commercial Officer at Adyen, commented: “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.
“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.”
