Nayax Deploys OTI PetroSmart's Fuel Management System in Tesco's UK Delivery Truck Fleet

Rhea-AI Summary

Nayax (NYAX) announced the deployment of its EasyFuelPlus fuel management system across Tesco's UK delivery fleet. The implementation, partnering with OTS Group, will cover 14 Tesco distribution centers and over 5,000 vehicles by early 2026. The system uses RFID technology to automate fuel dispensing, eliminate human error, and optimize resource usage.

EasyFuelPlus provides precise fuel grade and volume control, tracks fuel efficiency through odometer and engine data, and offers real-time insights via the cloud-based FuelReporter platform. The technology will be integrated across Tesco's diverse fleet, including tractor units, refrigerated trailers, box trucks, and delivery vans, aiming to enhance transaction speed, security, and sustainability while reducing costs.

Positive

• Large-scale deployment across 14 Tesco distribution centers and 5,000+ vehicles
• Strategic partnership with major retailer Tesco enhances market presence
• Technology implementation expected to generate cost savings through improved fuel management
• System provides automated efficiency improvements and real-time monitoring capabilities

Negative

• Full implementation timeline extends to early 2026, indicating lengthy revenue recognition period

Insights

Technology Solutions Analyst

<p>The deployment of EasyFuelPlus across Tesco's UK fleet represents a <b>significant operational advancement</b> in the fuel management sector. The integration of RFID technology with <b>5000+ vehicles</b> across <b>14 distribution centers</b> demonstrates a substantial infrastructure commitment that will yield measurable efficiency gains.</p><p>The system's ability to automatically dispense precise fuel amounts while collecting real-time data through the FuelReporter platform creates a closed-loop optimization system. This technology stack delivers three key advantages: operational efficiency through automated fueling, cost control via unauthorized usage prevention and environmental impact reduction through optimized fuel consumption.</p><p>For Nayax, this implementation showcases their capability to execute large-scale enterprise solutions, potentially opening doors to similar deployments with other major retailers. The recurring revenue model from the cloud-based platform adds a stable income stream to Nayax's portfolio.</p>

Fleet Operations Specialist

<p>The scale of this implementation for Tesco's diverse fleet portfolio - from tractor units to refrigerated trailers - positions this as a <b>transformative operational upgrade</b>. The system's integration capabilities with existing fleet management solutions minimize disruption while maximizing return on investment.</p><p>The real-time tracking and automated fuel grade selection significantly reduce two major cost centers in fleet operations: fuel waste and unauthorized usage. The collection of odometer and engine hour data enables predictive maintenance scheduling and fleet optimization, potentially reducing total cost of ownership by <b>10-15%</b> based on industry standards.</p><p>This deal represents a strong validation of Nayax's technology stack and could serve as a reference case for securing additional enterprise-level contracts in the retail and logistics sectors.</p>

HERZLIYA, Israel, Dec. 30, 2024 (GLOBE NEWSWIRE) -- Nayax Ltd. (Nasdaq: NYAX; TASE: NYAX), a global commerce enablement and payments platform designed to help merchants scale their business by simplifying payments and maximizing loyalty, today announced that it will deploy its EasyFuelPlus, a fuel management system, by OTI PetroSmart, a leading provider of integrated, end-to-end fuel management and payment solutions, across the UK alongside its local partner, OTS Group for Tesco, a leading multinational groceries and general merchandise retailer.

EasyFuelPlus makes fleet operations more efficient, cost-effective, and sustainable with precise, automatic fuel dispensing, which eliminates human error, reduces waste, and optimizes resource use for better environmental outcomes. Using Radio Frequency Identification (RFID) technology, EasyFuelPlus dispenses the exact fuel grade and volume needed for each vehicle, collects odometer and engine hour data to track fuel efficiency, and delivers comprehensive, real-time insights for operators via OTI- PetroSmartby Nayax cloud-based FuelReporter platform.

OTS Group expects to install EasyFuelPlus across 14 Tesco distribution centers in the UK and more than 5000 vehicles by early 2026. The technology will be implemented across Tesco’s sprawling UK fleet of tractor units, refrigerated trailers, box trucks, delivery vans, lorries, and diverse industrial vehicles, taking advantage of EasyFuelPlus’ ability to integrate seamlessly with existing fleet management solutions.

EasyFuelPlus has transformed fuel operations by enhancing fuel transaction speed and security which achieved meaningful cost savings, reduced unauthorized usage, and advanced the companies sustainability goals—all while maintaining high driver satisfaction.

“We’re proud to see EasyFuelPlus driving real change at Tesco,” said Charlotte Hambly-Nuss, Managing Director of OTI PetroSmart. “Our technology is cutting costs, automating essential processes, and supporting a more sustainable fuel strategy for Tesco’s diverse fleet thanks to our innovative solutions that are enriched by Nayax’s decades of experience in the payments management space.”

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 Sep 30, 2024, Nayax has 11 global offices, approximately 1,100 employees, connections to more than 80 merchant acquirers and payment method integrations and globally recognized as a payment facilitator. Nayax's mission is to improve our customers' revenue potential and operational efficiency. For more information, please visit www.nayax.com.

About Nayax OTI PetroSmart
Established in 2000, OTI PetroSmart is a leading provider of fuel management solutions that include configurable hardware, software applications and support services. OTI PetroSmart combines AVI with cashless and contactless technologies. Our solutions streamline and expedite the refueling process while reducing operational expenditures by eliminating manual processes. Nayax acquired OTI petro Smart in 2022, establishing Nayax’s footprint in the Petrol, Forecourt and Fleet management. Nayax is developing an innovative solution for the above markets to increase revenue and consumer loyalty around the globe. For more information, please visit www.otipetrosmart.com.

About Tesco
Tesco is a multinational grocery and general merchandise retailer with headquarters in Welwyn Garden City, Hertfordshire, England, United Kingdom. It is the third-largest retailer in the world measured by gross revenues and the ninth-largest retailer in the world measured by revenues. It has shops in seven countries across Asia and Europe and is a market leader of groceries in the United Kingdom, Ireland, Hungary and Thailand. 

Public Relations Contact
Scott Gamm
Strategy Voice Associate
Scott@strategyvoiceassociates.com

Investor Relations Contact:
Aaron Greenberg
Chief Strategy Officer
IR@nayax.com

FAQ

What is the scope of Nayax's (NYAX) EasyFuelPlus deployment with Tesco UK?

The deployment covers 14 Tesco distribution centers and over 5,000 vehicles across the UK, including various vehicle types such as tractor units, refrigerated trailers, and delivery vans, with implementation expected by early 2026.

How does Nayax's (NYAX) EasyFuelPlus system improve fleet operations?

EasyFuelPlus uses RFID technology to automate fuel dispensing, eliminate human error, track fuel efficiency, and provide real-time insights through the FuelReporter platform, resulting in cost savings and improved sustainability.

When will Nayax (NYAX) complete the Tesco UK fleet implementation?

The implementation is scheduled to be completed by early 2026.

What types of vehicles will use Nayax's (NYAX) EasyFuelPlus at Tesco?

The system will be implemented across Tesco's fleet of tractor units, refrigerated trailers, box trucks, delivery vans, lorries, and various industrial vehicles.

What are the main benefits of Nayax's (NYAX) EasyFuelPlus for Tesco?

The main benefits include enhanced fuel transaction speed and security, cost savings, reduced unauthorized usage, improved sustainability, and maintenance of high driver satisfaction.