HERZLIYA, Israel, November 7, 2022 — Nayax Ltd. (Nasdaq: NYAX; TASE: NYAX), a global commerce enablement and payments platform designed to help merchants scale their business, announced today that they entered into an integration partnership with American Express (AMEX) across United Kingdom (UK) & European Economic Area (EEA) markets. Unattended business owners such as vending machine, laundromat, or car wash operators who use Nayax cashless card readers such as the VPOS Touch and Onyx can now accept American Express transactions, giving them a broader opportunity to grow their customer base and revenue.
This newly formed partnership brings significant benefits for both Nayax Customers and American Express Cardmembers. By accepting American Express, Nayax customers will be able to increase sales by attracting high spending and loyal Cardmembers, who spend 1.2x more per transaction and almost four times more annually compared to the other average credit and charge card holders in the UK[1]. This will also offer more value to AMEX Cardmembers as they will be able to use their preferred payment methods on Nayax devices in the UK and eventually across the EEA.
“This is very exciting news for consumers across the UK,” says Lewis Zimbler, the General Manager at Nayax UK. “Choosing how you pay greatly boosts consumer satisfaction and improves experience. Nayax’s partnership with American Express is just one of the steps we are taking to provide consumers with the best possible payment experience.
“American Express is excited to partner with Nayax, enabling more Nayax locations across the UK to welcome our loyal and high spending Cardmembers. Through such partnerships, we’re adding thousands of new locations every year, meaning our Cardmembers have an even greater choice of where they can use their Card,” stated Keith McDonald, Vice President, Payment Facilitation & Small Merchant Partnerships, American Express UK.
About Nayax
Nayax is a global commerce enablement and payment platform designed to help merchants scale their business. Nayax offers a complete solution including localized cashless payment acceptance, a management suite, and consumer engagement tools, enabling merchants to conduct commerce anytime, anywhere. With global experience in serving the unattended retail industry, Nayax has transformed into a comprehensive solution focused on our customers’ growth across multiple channels. Today, Nayax has 9 global offices, over 800 employees, connections to more than 80 payment method integrations and is a recognized payment facilitator worldwide. Nayax’s mission is to improve our customers’ revenue potential and operational efficiency. Visit www.nayax.com for more information.
[1] Our research shows Cardmembers spend on average 3.9x more annually & 3.2x more frequently compared to the average UK credit and charge card. Refers to American Express internal data for UK Cardmembers spending across Europe compared to Global Data Payment Card Analytics for transactions with domestic cards at terminals in the country and outside the country, including at physical terminals and initiated remotely, 2021.
Forward-looking statements
This press release contains statements that constitute forward-looking statements. Many of the forward-looking statements contained in this registration statement 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; general economic, political, demographic and business conditions in Israel; fluctuations in inflation and exchange rates in Israel; our ability to implement our growth strategy; the success of operating initiatives, including advertising and promotional efforts and new product and concept development by us and our competitors; our ability to compete and conduct our business in the future; changes in consumer tastes and preferences; the availability of qualified personnel and the ability to retain such personnel; changes in commodity costs, labor, distribution and other operating costs; changes in government regulation and tax matters; other factors that may affect our financial condition, liquidity and results of operations; and other risk factors discussed under “Risk Factors” in Amendment No. 1 to our Registration Statement on Form 20-F filed with the SEC on September 12, 2022 (our “Registration Statement”). 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 Registration Statement. 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.
Nayax Public Relations Contact:
Courtney Tolbert
5W PR
ctolbert@5wpr.com
Nayax Investor Relations Contact:
ICR
ir@nayax.com
