Safecharge Takes Minority Stake in Israeli Tech Company Nayax

The company made the move after the success of a number of pilot tests in Poland and the UK.

Payments services provider SafeCharge (LSE: SCH) has just released a corporate statement showing that the company is making good progress with its strategy to win Tier 1 customers within new target verticals and markets. The firm has completed a minority investment in Nayax Ltd, an Israeli technology company that specializes in providing credit card payment systems for vending machines.

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The company made the move after the success of a number of pilot tests in Poland and the UK, which marks another milestone in SafeCharge’s approach of building an extensive distributors network that provides cost-effective solutions for the unattended market.

As part of the investment, Nayax solutions have been integrated with SafeCharge’s cards acquiring and payments platform to deliver a scalable solution for unattended payments in over 200,000 devices worldwide, operating in more than 50 countries and 26 currencies.

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The Tel Aviv-based company was founded in 2005 and its headquarters are located in Hunt Valley, USA, while its main client base is in Europe.

David Avgi, CEO of SafeCharge, commented on the new investment: “We are excited to play a key role in the enablement of contactless payments for unattended machines across Europe helping consumers on the go to access and pay for products securely and quickly. We are determined to implement our strategy of providing international payment services to diverse verticals for multichannel businesses to maximise acceptance, full transparency and cost effective fees structure.”

Yair Nechmad, Nayax’s CEO, added: “We selected SafeCharge technologies for its unparalleled service availability, superior reporting and analytics capabilities and fully transparent financials that are key for the optimised operation of our business. Our unique partnership has enabled us to offer consumers a top-notch service when making unattended payments.”


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