Nayax Forms Strategic Partnership With Tigapo to Extend Reach of Cashless Payment Platforms

Nayax Forms Strategic Partnership With Tigapo to Extend Reach of Cashless Payment Platforms

Nayax, the leading cashless payment provider, is pleased to announce a strategic partnership with Tigapo, the leading cloud-based management and monetization system for amusement locations, to expand Nayax’s cashless payment and consumer engagement platforms.

Nayax will implement Tigapo’s unique, proprietary technology, which is powered by artificial intelligence and able to predict visitors’ actions, into Nayax’s advanced payment systems. This will enable coin-operated machines’ operators with state-of-the-art consumer engagement platform and provide a full suite of location management and real-time business intelligence tools.

Tigapo will leverage Nayax’s advanced payment infrastructure, technical support, logistics infrastructure, and development resources, which will enable Tigapo to deliver an unprecedented level of service for the amusement industry. Tigapo can now offer its customers seamless integration with a range of Nayax’s advanced payment and sales-management systems.

“Nayax is excited to partner with Tigapo and its state-of-the-art platform, clearly the most advanced in their industry,” noted Yair Nechmad, CEO and co-founder of Nayax. “The amusement space is an attractive industry and adjacent to many current verticals we already serve with cashless payment solutions. Tigapo’s technology can be implemented into these verticals, including kiddie rides, vending machines, ticketing kiosks, and photo booths. All of this makes Tigapo a great fit for us.”

“Nayax, with their global reach and world-class cashless payment platform, is definitely the ideal international partner for us,” noted Tsachi Sayegh, co-Founder, and CEO at Tigapo. “Combining forces with Nayax provides Tigapo with the strategic growth infrastructure we need to forever change the player’s experience at amusement centers to be personalized and interactive.”

“Utilizing Nayax’s rich variety of payment and sales-management products will allow us to offer the best in class, end-to-end management and payment system for amusement locations. As the only fully contactless system, it also the perfect system for the post Covid-19 environment,” said Sid Banon, CEO of Tigapo’s US operations. “Furthermore, merging our customer support with Nayax’s high-end technical support centers, provides Tigapo’s customers with not only the best system in the industry, but also the best service.”

About Nayax

Nayax offers a complete cashless solution including telemetry, management suite and consumer engagement tools to retailers, including unattended retail. Nayax’ features help operators improve their day-to-day operations and long-term planning, while their marketing tools assist operators in transforming unattended machines into 24/7 retail stores with consumer engagement activities. Nayax also ensures all transactions are secure with its fully EMV certified card readers. As a global company, Nayax’s goal is to provide all payment methods in each region, ensuring consumers can pay with their preferred payment method, wherever they are located. Visit www.nayax.com for more information.

About Tigapo

Tigapo is a Tel Aviv-based company whose digital and mobile-first platform for amusement locations, provides a true, fully contactless cashless payment system, throughout the guest experience, including first-time registration, buying credits, playing games, and redeeming prizes. Tigapo employs artificial intelligence and machine learning to predict visitors’ actions and automatically engage them to create a personalized and interactive experience. Tigapo’s AI also deliver recommendations operators can implement to drive their business. On average users spent 21% more using the Tigapo system versus the legacy installed card-based payment system.

As a digital payment platform, Tigapo allows users to pay for services with smartphones or NFC tags thereby removing payment friction and maximizing playtime throughout the guest experience.

Forward looking statement

The information included in this press release contains, or may be deemed to contain, forward-looking statements (as defined in the U.S. Private Securities Litigation Reform Act of 1995 and the Israeli Securities Law, 1968). Said forward-looking statements, relating to the strategic partnership, are subject to uncertainties and assumptions and the actual results may materially differ. All forward-looking statements in this press release are based on information available to Nayax on the date hereof.  All written or oral forward-looking statements attributable to Nayax are expressly qualified in their entirety by the factors referred to above. Nayax does not intend to update these forward-looking statements.