Nayax is Now a Licensed Payment Institution

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TEL AVIV, Israel, July 17, 2018 /PRNewswire/ --

Establishes Nayax Europe UAB in Lithuania to Provide Money Remittance Services

Nayax, a global leader of cashless payment solutions and management platform for unattended retail, is excited to been issued a Payment Institution (PI) license from the Board of the Bank of Lithuania. With the changes in PSD2, and issuance of the Payment Institution license, Nayax will continue to provide money remittance services to customers in the EEA (European Economic Area) zone. Nayax Europe UAB, a new entity in the European Market, will offer its services directly to more than 23 million enterprises across the entire EEA zone.

Nayax Europe, with all of Nayax offices, practice the most secure transactions, adhering to full GDPR and PSD2 compliancy. Nayax's certifications include EMV level 1 + 2, PCI, to ensure satisfaction and trust to all its customers and to their consumers.

As a full-service provider of complete cashless payment solutions for unattended, automated devices, Nayax's solution includes cashless payment devices and management system for unattended retail industries, including unattended retail, OCS, vending machines, photo booths, self-serve kiosks, kiddie rides, laundromats and more. The company develops proprietary software and hardware, which includes POS card readers, machine and inventory management, complete reporting suite, and consumer engagement tools. Nayax's open platform and APIs allow for easy integration with other companies' solutions and ERP software for a-to-z endeavours. Nayax devices are installed in more than 65 countries and accept 26 currencies.

"Nayax has long been situated as a global leader in cashless payments and management system for the unattended retail market," says Yair Nechmad, CEO, Nayax LTD. "The receipt of this Payment Institution license is a great milestone in our payment service roadmap; we'll be in an even stronger position to offer our customers the services they are looking for to grow their businesses."

About Nayax 
Nayax operates in more than 65 countries, performing transactions in 26 currencies, via over 250,000 devices. An award-winning R&D team facilitates Nayax's unique approach for developing both hardware and software in house. Nayax's open platform and APIs allow for easy integration with other companies' solutions and ERP software for a-to-z endeavours. With a complete cashless solution including telemetry and management suite, Nayax customers enjoy numerous features to improve their day-to-day operations and long-term planning. In addition, Nayax incorporates strong marketing tools in their solution. These tools allow customers to increase their revenue, improve consumer engagement and build loyalty through promotional activities and Nayax's mobile payment app. Nayax is committed to transforming unattended machines to 24/7 retail stores with consumer engagement and IoT activities. As a global company, Nayax's goal is to connect to all payment methods in each region, ensuring that consumers can purchase via their preferred method, wherever they are located. For more information, visit https://www.nayax.com/.

Contact Nayax 
Lisa Appelson
Marcom Manager
[email protected]