Nuvei and Nayax partner to power EV charging payments for Circle K and Couche-Tard

Rhea-AI Summary

Nuvei Corporation (NVEI) and Nayax (NYAX) are teaming up to enhance unattended payments terminals for electric vehicle charging points in North America. This partnership will enable Circle K and Couche-Tard to accept cashless payments at their thousands of EV charging points in Canada, providing a seamless customer experience. Nayax's EV embedded payment system allows for multiple forms of cashless and contactless payments, processed by Nuvei to optimize payments acceptance and streamline user experience.

Nuvei and Nayax are joining forces to upgrade unattended payments terminals for electric vehicle charging points across North America

MONTREAL, QC, Nov. 16, 2023 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, announces today that it is providing payment solutions to Nayax (Nasdaq: NYAX; TASE: NYAX), a global commerce enablement payments and loyalty platform designed to help merchants scale their business and specializing in cashless payments solutions and unattended payment terminals. Together, Nuvei and Nayax are enabling Circle K and Couche-Tard, two leading gas station and convenience store brands, to accept cashless payments at their thousands of electric vehicle (EV) charging points in Canada. This will enable a seamless customer experience, ensuring EV drivers can utilize the same cashless payment methods they currently use when making purchases at existing gas stations.

Nayax's EV embedded payment system enables Circle K and Couche-Tard customers to pay via multiple forms of cashless and contactless payments, including credit, debit, and prepaid cards. Transactions via Nayax's unattended payment terminals are processed by Nuvei to optimize payments acceptance and streamline user experience.

Couche-Tard is a global leader in convenience and mobility, operating in 25 countries and territories, with more than 14,400 stores, of which approximately 10,800 offer road transportation fuel. With its recognized Couche-Tard and Circle K banners, it is one of the largest independent convenience store operators in the United States and a leader in the convenience store industry and road transportation fuel retail in Canada. Flagship brand Couche-Tard has over 600 locations in Quebec, Canada. Circle K gas stations and convenience stores are in 24 countries around the globe.

Philip Fayer, Nuvei Chair and CEO commented on the announcement: "We're thrilled to partner with Nayax to bring an industry-leading payments solution to the EV charging market, and to launch our solution with two of the most recognizable gas station and convenience store brands in North America. We expect the growth of electric vehicles to continue to accelerate in the coming years, and we're excited about the solution we're providing to upgrade the EV charging experience for consumers."

Yair Nechmad, Nayax Chief Executive Officer added: "Electric Vehicle charging is one of the fastest growing use cases in unattended payment terminal solutions. As an established payments solution provider for large players in the EV charging sector, we are pleased to stand alongside Nuvei, and provide our solution to the Alimentation Couche-Tard Group."

Alimentation Couche-Tard Operations Lead, Stephane Drapeau-Bouchard, commented: "We're bullish about the future of EV and the role charging points will play in growing and futureproofing our brands. Consumers want to pay at the charging points as conveniently as possible, so being able to offer best-in-class payment options will enable us to stay ahead of the competition as we grow our EV charging point offering, which is why we are excited about this partnership with Nuvei and Nayax."

About Nuvei 

Nuvei (Nasdaq: NVEI) (TSX: NVEI) is the Canadian fintech company accelerating the business of clients around the world. Nuvei's modular, flexible and scalable technology allows leading companies to accept next-gen payments, offer all payout options and benefit from card issuing, banking, risk and fraud management services. Connecting businesses to their customers in more than 200 markets, with local acquiring in 47+ markets, 150 currencies and 669 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration. 

For more information, visit www.nuvei.com

About Nayax

Nayax is a global commerce enablement, payments and loyalty platform designed to help merchants increase their revenue while decreasing their operational cost. 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. For more information, please visit www.nayax.com

About Alimentation Couche-Tard Inc.

Couche-Tard is a global leader in convenience and mobility, operating in 25 countries and territories, with more than 14,400 stores, of which approximately 10,800 offer road transportation fuel. With its well-known Couche-Tard and Circle K banners, it is one of the largest independent convenience store operators in the United States and it is a leader in the convenience store industry and road transportation fuel retail in Canada, Scandinavia, the Baltics, as well as in Ireland. It also has an important presence in Poland and Hong Kong Special Administrative Region of the People's Republic of China. Approximately 128,000 people are employed throughout its network.

Contact: 

Nuvei Public Relations
alexandra.bucur@nuvei.com

Nuvei Investor Relations
IR@nuvei.com

Nayax Investor Relations Contact:
Virginea Stuart Gibson
Vice President, Investor Relations
virgineas@nayax.com

Nayax Public Relations Contact:
Courtney Tolbert
5W PR
ctolbert@5wpr.com

NVEI-IR

View original content to download multimedia:https://www.prnewswire.com/news-releases/nuvei-and-nayax-partner-to-power-ev-charging-payments-for-circle-k-and-couche-tard-301991142.html

SOURCE Nuvei

FAQ

What companies are involved in the partnership?

Nuvei Corporation (NVEI) and Nayax (NYAX) are partnering to upgrade unattended payments terminals for electric vehicle charging points in North America.

What payment solutions are being provided?

Nuvei and Nayax are enabling Circle K and Couche-Tard to accept cashless payments at their thousands of electric vehicle charging points in Canada.

What forms of cashless and contactless payments will be accepted?

Nayax's EV embedded payment system allows for multiple forms of cashless and contactless payments, including credit, debit, and prepaid cards.

How many locations does Couche-Tard have?

Couche-Tard operates in 25 countries and territories, with more than 14,400 stores, of which approximately 10,800 offer road transportation fuel.

What did Philip Fayer, Nuvei's CEO, comment on the partnership?

Philip Fayer commented that they are thrilled to partner with Nayax to bring an industry-leading payments solution to the EV charging market and to launch their solution with two of the most recognizable gas station and convenience store brands in North America.