Nayax Announces a Strategic Partnership with Slovakia's ASO Vending
Nayax announced a strategic partnership with ASO Vending, Slovakia's largest vending machine operator, to install thousands of contactless card readers on vending machines throughout the country. The partnership aims to double Nayax's active devices in Slovakia, with the devices being purchased through Nayax Capital. This collaboration will help ASO Vending increase revenue and reduce operational costs, positioning them as market leaders in the vending industry.
- Nayax partnering with ASO Vending will double its active devices in Slovakia, expanding its presence in the region.
- ASO Vending's decision to equip most of its vending machines with Nayax's POS devices shows confidence in Nayax's value proposition.
- Nayax Capital's embedded financing solution allows ASO Vending to purchase thousands of Onyx card readers without upfront costs, enabling growth while maintaining healthy cash flow.
- None.
HERZLIYA, Israel, May 13, 2024 (GLOBE NEWSWIRE) -- Nayax Ltd. (Nasdaq: NYAX; TASE: NYAX), a global commerce enablement payments and loyalty platform designed to help merchants scale their business, today announced a strategic partnership with Slovakia's ASO Vending, the country's largest vending machine operator.
This partnership will include the installation of thousands of Nayax's Onyx contactless card readers on vending machines throughout the country over the next few years, more than doubling Nayax's active devices in Slovakia. These devices will be purchased via Nayax Capital, Nayax's embedded financing solution, allowing ASO Vending to deploy them while maintaining healthy cash flow.
Nayax devices will be supported by Jimark, Nayax's approved Distributor in Slovakia and the Czech Republic.
“We started cooperating with Nayax last year and installed hundreds of their POS devices on our vending machines,” says Mr. Robert Trgina, CEO at ASO Vending. “We found Nayax a true partner to grow our business and already experience increased revenue with lower operational costs. As a result, we decided to expand the cooperation and will equip most of our vending machines with thousands of their POS devices. We are confident this cooperation will strengthen our position as market leaders and will bring added value to our consumers.”
Mr. Oren Tepper, Nayax's Chief Commercial Officer, stated: "Our partnership with ASO Vending represents Nayax’s unique embedded financing capability, offering our customers a way to boost growth while reducing cost. With Nayax Capital, ASO Vending can purchase thousands of Onyx card readers, without initial cost. As the market leader in Slovakia’s vending industry, ASO Vending recognized Nayax's unparalleled value proposition comprised of blending our embedded financing offering with the leading unattended payment solution. We are thrilled to be able to support ASO Vending in its growth journey and strengthen Nayax’s local presence in Slovakia."
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; 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, including the ongoing war in Israel that began on October 7, 2023 and global perspectives regarding that conflict; 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 February 28, 2024 (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, payments and loyalty platform designed to help merchants scale their business. Nayax offers a complete solution including localized cashless payment acceptance, management suite, and loyalty 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. As of March 31 2024, Nayax has 9 global offices, approximately 900 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 ASO Vending
ASO VENDING offers coffee vending machines, food vending machines and modern solutions for every company.
ASO offer solutions for companies, warehouses, operations, production halls and factories. Coffee drinks and snacks. Innovative solution tailored for each customer.
The company serves more than 145,000 satisfied customers in every corner of Slovakia.
With more than 26 service points, 100+ service professionals and 8000+ active vending machines.
For more information, please visit https://asovending.sk/
Investor Relations Contact:
Aaron Greenberg, CSO
aarong@nayax.com
Public Relations Contact:
Scott Gamm
Strategy Voice Associates
scott@strategyvoiceassociates.com
