Nayax, the world’s leader in cashless payments developed built-in age-verification software for its Onyx contactless card reader in partnership with UKO to enable operators in Austria to distribute products faster and increase sales.
HERZLIYA, Israel, December 7, 2022 – Nayax Ltd. (Nasdaq: NYAX, TASE: NYAX), the global commerce enablement and payments platform designed to help operators scale their business, is proud to announce a partnership with UKO Microshops, an Austrian-based innovative leader in the vending industry and premium provider of cigarette and vending machines.
This new age-verification solution by Nayax and UKO offers a single and completely integrated card reader, Onyx, which can be perfectly retrofitted on any kind of vending machine without any extra mounting work. This provides a real alternative to the existing solution in Austria. In addition to the technological advantages, operators will also benefit from low operational costs.
Starting in mid-2023, UKO Microshops will launch a new integrated age-verification solution on its vending machines via Nayax’s Onyx contactless card readers. This new solution is being developed exclusively for the Austrian market and will enable operators to accept cashless payments via their machines and verify the consumer’s age before selling any youth-protected products such as tobacco and alcohol. Age verification will work with the following Austrian-issued debit cards: Maestro, Debit Mastercard, V PAY, and Visa Debit. When the consumer taps his or her debit card on the Onyx card reader, the registered card holder´s age will be verified online.
This new age-verifying feature integrated with the Onyx device is part of Nayax’s complete solution, which is packed with other powerful capabilities including telemetry, remote vending management software, and a platform for loyalty and consumer engagement, all to increase operators’ revenue and decrease their operational costs. Compared to other payment devices on the market, the Onyx contactless card reader is much smaller, easier to install, processes payments faster, and has lower transaction costs. These capabilities, along with the age-verification feature, enable operators to distribute their products 24/7 in a more secure, efficient, and innovative way, helping them increase their revenue.
“By partnering with Nayax to develop a new age-verification solution, we enable our customers and partners to take another step towards innovation and independence,” expressed Moritz Unterkofler, CEO at UKO Group.
Sammy Yahiaoui, CRO of Nayax, is also excited about this partnership. Yahiaoui commented, “We have exclusively developed the age verification solution for the Austrian market in partnership with UKO and are launching this most powerful solution in 2023. I am looking forward to a strong, long-term partnership with this innovative leader of vending and cigarette machines in Austria. As always our goal is to help operators increase their bottom line and we keep developing more solutions with that in mind.”
About Nayax
Nayax (Nasdaq: NYAX, TASE: NYAX) is a global commerce enablement and payment platform designed to improve retailers’ revenue and operational efficiency. 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 verticals. Today, Nayax’s worldwide influence is reflected in its listing on both the Tel Aviv Stock Exchange (TASE) and on Nasdaq, and its 9 global offices with 800 employees. Nayax has connections to more than 80 merchant acquirers and payment method integrations and is a recognized payment facilitator worldwide. Nayax’s vision is to redefine commerce to benefit communities around the world. Please visit www.nayax.com to learn more.
For more information, please visit www.nayax.com.
Forward-looking statements
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 initial public offering, 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.
Nayax Public Relations Contact:
Courtney Tolbert
5W PR
ctolbert@5wpr.com
Nayax Investor Relations Contact:
ICR
ir@nayax.com
