HERZLIYA, Israel, January 04, 2023 — Nayax Ltd. (TASE: NYAX, NASDAQ: NYAX), a global commerce enablement and payments platform designed to help merchants scale their business offers a smooth transition to new debit card technologies for German business owners and consumers. Though Maestro cards, a popular payment method in Germany, will continue to be accepted through 2028, starting in July 2023, all new cards issued by German banks will be either Debit Mastercard or Visa Debit cards.
The discontinuation of Maestro cards has come about due to their limited use and capabilities. This technology is not used a lot outside of Germany, and doesn’t offer digital or mobile payment solutions. Most German Girocard issuers, including The Sparkassen Group, are switching to co-branding with Debit Mastercard or Debit Visa. This transition will provide German consumers with a wealth of new consumer benefits that they didn’t have access to with Maestro Girocards such as the possibility to use their cards anywhere, including online, to use digital payment solutions, and to participate in consumer loyalty programs.
Nayax fully supports Debit Mastercard and Visa Debit technology. This will allow German consumers to use their card at any Nayax machine they want throughout Germany and the world. Most German businesses only accept Girocard payments, and will not be able to accept new cards. As businesses scramble to become compliant, Nayax is able to answer German consumers’ needs by accepting not only all debit and credit cards, including the Girocard, but also by accepting digital payment methods such as PayPal.
“Here at Nayax, we are always one step ahead,” says Csaba Schulz, Nayax’s Sales Manager in the DACH Region. “We are here to ensure that businesses are future-proof, enabling them to continue to work despite big changes such as the discontinuation of Maestro Girocards. By offering consumers the option to pay with over 80 different payment methods in 40 currencies, we guarantee that a sale will always be made, benefitting both business owners and consumers.”
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.