Nayax Ltd. (Nasdaq: NYAX; TASE: NYAX), a global commerce enablement
and payments platform designed to help merchants scale their
business, today announced a strategic partnership with
Turkey’s Düzey, part of Koç Holding.
This partnership was initiated with the installation of Nayax
devices on vending machines in public locations and at Koç
Holding factory locations throughout Turkey and will
eventually expand to locations in Europe with the potential to
bring tens of thousands of units with advanced payment and
telemetry technologies, loyalty programs, and new integrations to
the region.
Nayax and Düzey‘s collaboration will create more seamless
payment experiences for consumers in closed-loop locations such as
offices and factories. Recently, Nayax’s Nova Market self-checkout
kiosk was set up at one of Koç Holding‘s TokenFlex locations
with 3,000 workers. Nova Market is an intuitive cashless
self-checkout solution ideal for micro markets and other
self-service businesses. It provides operators with 24/7 management
capabilities, accepts open and closed-loop payment methods, and
enables a myriad of loyalty programs and prepaid cards making it
ideal for offices and other closed-loop environments.
“The feedback we have received so far has been highly positive,
indicating a promising start. Moreover, we believe that the micro
market business has high potential and is a complimentary business
model to our vending business. In this context, we see Nayax as a
company that can provide solutions to help us achieve our goals in
this field. Their expertise and capabilities align perfectly with
our aspirations, making them a valuable partner in our journey
towards success,” says Kerem Calban, Düzey.
Nayax’s technological capabilities in the payment field,
including prepaid cards, makes it an excellent partner
for Düzey in this endeavor. Nayax’s end-to-end solution
includes cashless payments, telemetry, consumer engagement,
management software, and much more, enabling vending operators to
optimize their business and increase their revenue whether they are
located in closed or open-loop environments. Nayax is continuously
working on new integrations, such as a payment integration with the
TokenFlex meal card in Turkey, to provide customers around the
world with the payment solutions they need.
Düzey and Nayax’s collective expertise in the vending industry,
along with its innovative technologies and ability to adapt to any
market help them provide state-of-the-art solutions for their
customers, elevating the vending experience to new heights. A
shared commitment to excellence and to customer satisfaction helps
pave their way to success and to holding a prominent position on
the global stage.
“This strategic partnership solidifies our position as a global
leader in the vending market, enabling us to continue to grow our
market share,” says Eran Bar, Director of Sales, Nayax. “Our
leading technologies, commitment to our customers, and our
innovative mindset enables us to achieve our goal of simplifying
commerce for operators and consumers alike.”
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
over the world; 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; the success of
operating initiatives, including advertising and promotional
efforts and new product and concept development by us and our
competitors; 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 and
payments platform designed to help merchants scale their business.
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.
About Düzey
Düzey is a company of Koç Holding, Turkey’s largest
conglomerate. Koç Holding is the only Turkish company listed in the
Fortune Global 500 ranking and holds a leading position in the long
term with strong competitive advantages in the energy, automotive,
durable goods, retail, and financial sectors, offering significant
growth potential.
Since 1975, Düzey has been the largest B2B sales and
distribution company in Turkey, boasting the ability to reach every
sales channel and serve both micro and macro-scale customers with
its extensive distribution network. With its multi-brand
distribution capability, Düzey handles the sales and distribution
processes of numerous global and local brands, while also leading
the industry by managing its own portfolio of brands.
Recently launched this year as Düzey’s new business model, Koç
Vending Systems caters to various needs with a wide range of
products, offering services in both B2B and B2C sectors. With a
focus on meeting diverse requirements, Koç Vending Systems has
become a pioneering force in the vending industry.
Public Relations Contact:Courtney Tolbert5W
PRctolbert@5wpr.com
Investor Relations Contact:Virginea Stuart
GibsonVice President, Investor Relationsvirgineas@nayax.com
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