Nayax Welcomes Allan Lorraine to the Team and Launches Nayax Energy, its Electric Vehicle Charging Solution in Australia

HERZLIYA, Israel, December 14, 2023 – Nayax Ltd. (Nasdaq; TASE: NYAX), a global commerce enablement and payments platform designed to help merchants scale their business, announced that it will be launching Nayax Energy, its innovative electric vehicle charging business in Australia. Allan Lorraine has joined the Nayax team as Director of Nayax Energy, Hospitality, and Retail to lead this effort. Last month, he had the chance to represent this brand-new solution at the AEVA Conference and EV (Electric Vehicle) Expo that took place in Perth.

With over 20 years of success working in sales and business development in the Australian automotive industry, Allan is excited to leverage his expertise and strategic vision to propagate a greener future for businesses, municipalities, and residences throughout Australia.

“We recognize that there is an emerging market for EV solutions in Australia and we see a lot of effort going into building electric vehicle fast charging stations” says Dylan Winik, CEO, Nayax Australia. “Nayax Energy offers Australians a unique solution which enables them to pay for charging with a simple tap and go transaction, making it accessible for all EV drivers and allowing them to charge more quickly and conveniently.”

 

Most EV charging stations in Australia accept payments via proprietary apps, forcing EV drivers to download these apps and sign up for memberships to charge their vehicles. This creates a lot of friction for drivers, because they cannot simply pull up to a charger and pay however they want. This is why Nayax Energy’s solution is so innovative; it offers drivers the option to choose the way they pay, whether it be via debit or credit card, mobile wallet, or QR code. This open payment system allows for simplified payment and created opportunities for loyalty and rewards.

 

“We are proud to help enable EV adoption by providing drivers with a more convenient way to pay for EV charging,” says Allan Lorraine, Director of Nayax Energy. “Our solution provides Charge Point Operators (CPOs) with an end-to-end solution that includes a smart EV charging management platform based on Open Charge Point Protocols (OCPP), universal charging stations, and a built-in open payment solution that will enhance EV drivers’ satisfaction, ease EV adoption, and increase CPO (Charge Point Operators) revenue.”

Nayax Energy’s end-to-end solution includes residential and commercial charging stations, an OCPP agnostic management platform, and a full embedded payment system. These solutions enable operators to easily monitor their electrical network and charging stations 24/7.

For more details, visit https://www.nayax.com/business_type/cashless-payment-solutions-for-ev-chargers

 

 

Forward-Looking Statements

This press release contains statements that constitute forward-looking statements. Many of the forward-looking statements contained in this press release 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; changes in consumer tastes and preferences; fluctuations in inflation, interest rate and exchange rates in the global economic environment; the availability of qualified personnel and the ability to retain such personnel; changes in commodity costs, labor, distribution and other operating costs; our ability to implement our growth strategy; changes in government regulation and tax matters; other factors that may affect our financial condition, liquidity and results of operations; general economic, political, demographic and business conditions in Israel, including the ongoing war in Israel that began on October 7, 2023 and global perspectives regarding that conflict; the success of operating initiatives, including advertising and promotional efforts and new product and concept development by us and our competitors; Moshe Shmaryahu’s success as the Company’s new Chief Information Officer; and other risk factors discussed under “Risk Factors” in our annual report on Form 20-F filed with the SEC on March 1, 2023 (our “Annual Report”). 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 Annual Report. 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.

 

 

About Nayax

 

Nayax is a global commerce enablement, payments and loyalty platform designed to help merchants increase their revenue while decreasing their operational cost. Nayax offers a complete solution including localized cashless payment acceptance, management suite, and consumer engagement tools, enabling merchants to conduct commerce anywhere, at any time. With foundations and global leadership in serving unattended retail, Nayax has transformed into a comprehensive solution focused on our customers’ growth across multiple channels. Today, Nayax has 9 global offices, approximately 800 employees, connections to more than 80 merchant acquirers and payment method integrations and is a recognized payment facilitator worldwide. Nayax’s mission is to improve our customers’ revenue potential and operational efficiency. For more information, please visit www.nayax.com

 

 

Public Relations Contact:
Scott Gamm
Strategy Voice Associates
scott@strategyvoiceassociates.com


Investor Relations Contact:
Aaron Greenberg
CSO
aarong@nayax.com

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