My Space Student Accommodations Maximize Profits with Nayax’s Closed-Loop Payment System

My Space is a student accommodation facility in Stellenbosch, South Africa. To help make student life easier, they decided to implement several automated services throughout the facilities so that students could purchase food, snacks, coffee, and even do laundry on site.

My Space chose to work with Nayax because its robust prepaid solutions enabled them to do business with just one partner. Once they installed Nayax card readers on their vending, coffee, and laundry machines, and set up a self-checkout kiosk for their deli, they were able to offer students prepaid cards for them to pay with at every machine, making student lives easier and helping them boost their profits without the need for any additional staff.

Learn more about why My Space chose Nayax below:

My Space Student Accommodations Maximize Profits with Nayax's Closed-Loop Payment System

 

1. Work with One Tech Partner

Nayax is a one-stop-shop, providing POS devices, a prepaid solution that enables students to make purchases at every machine, and a management system that provides valuable insights.

 

2. Simplify Payments for Students

Students can top up their prepaid card and use it at every machine, whether it be a vending machine, coffee machine, laundry machine, or even at the deli. They can also use a regular debit or credit card if they prefer. These facilities can stay open 24/7 so that everything students need is available and working when they need it, where they need it.

My Space Student Accommodations Maximize Profits with Nayax's Closed-Loop Payment System

 

3. Get Valuable Insights

Nayax Core, Nayax’s management suite can be used to create reports and to analyze valuable insights about what residents buy, when they buy it, and which machine they buy it from. Getting information about which products are most popular helps facility managers provide the students with what they want.

 

4. Grow Substantially

Adding a consolidated and simple prepaid solutions to their facilities helped My Space grow by 50% year on year over the last three years. And all that through automated solutions, which means that they didn’t need to hire any additional staff to implement this solution.

 

“Nayax supported our growth and profit year on years substantially. Our growth year on year over the last 3 years has been 50%.” –  Scholtz Conradie, Financial Director, My Space

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How Nayax’s Solutions Can Cover Your Residents’ Every Need

If you’re a facility manager at a student or other residence, you’re concerned both with the well-being of your residents and with your bottom line. Implementing an all-inclusive closed-loop payment system can help you achieve both of these goals. With automated machines that provide snacks, cold drinks, and hot drinks, along with a self-checkout kiosk at a mini-store or a deli, a laundromat on site, and even EV chargers or other services, you can ensure that your residents have everything they need 24/7 within grasp, and ensure your growth alongside it. It’s a win-win.

If you want to learn more about how Nayax can help you grow, contact us today.

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