HERZLIYA, Israel, September 9, 2024 — Nayax Ltd. (Nasdaq: NYAX; TASE: NYAX), a leading global commerce enablement, payments and loyalty platform designed to help merchants scale their business, today announced that its Monyx Wallet app now accepts payments via iDEAL, a popular online payments system used in The Netherlands.
iDEAL allows users to make payments directly from their personal banking account instead of using a debit or credit card.
While Nayax manufactures payment devices and software, its Monyx Wallet is its very own consumer-focused app that enables easy payments and the ability for users to earn rewards and enjoy discounts from merchants. With Monyx, users scan a QR code or tap their phone on a Nayax Point of Sale (POS) device to securely pay for their transaction. This allows the merchant to not only accept payments, but to also turn ad-hoc consumers into loyal customers with Monyx’s loyalty program, where users can earn rewards.
“The acceptance of the iDEAL payment platform on Nayax’s Monyx Wallet gives Dutch consumers and merchants even more flexibility and choice when it comes to facilitating transactions,” said Yair Nechmad, Chairman and CEO, Nayax. “While Monyx Wallet is used in dozens of countries worldwide, our partnership with iDEAL allows us to tailor our innovative technology to the specific preferences and trends of a local region. Our priority as a global company is to think local and invest the proper resources to make the payment experience as seamless as possible in every market that we serve.”
Nayax’s partnership with iDEAL gives Dutch consumers the ability to pay with this popular method at automated machines with Nayax payment devices throughout the country – making these goods and services easily accessible.
iDEAL has recently been acquired by the European Payments Initiative (EPI), a collaboration of European banks, solidifying its importance within the Dutch and European market.
Operators of self-service machines such as vending machines, micro markets, car washes, and laundromats that use Nayax POS devices can create personalized branding, loyalty programs, and discounts for their consumers through Nayax’s Monyx Wallet app.
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, including expectations about the impact of the war in Israel on the Company’s business operations and financial results. 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: the development of the war, our expectations regarding general market conditions,; changes in the market and political perspective of Israel; 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; 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.
Public Relations Contact:
Scott Gamm
Strategy Voice Associates
scott@strategyvoiceassociates.com
Investor Relations Contact:
Aaron Greenberg, CSO
aarong@nayax.com
