Nayax and A2Z Cust2Mate Forge Payment Revolution in Retail

Nayax and A2Z Cust2Mate Partner for Retail Payment Transformation

In a groundbreaking announcement, Nayax Ltd. (Nasdaq: NYAX; TASE: NYAX) and A2Z Cust2Mate Solutions Corp. (NASDAQ: AZ) have entered a strategic partnership. This collaboration aims to enhance the shopping experience by integrating Nayax's innovative automated payment system with A2Z's cutting-edge smart cart technology. With this partnership, retailers can expect to provide shoppers with an unparalleled and seamless shopping journey.

Enhancing Customer Experience with Smart Carts

The partnership between Nayax and A2Z Cust2Mate elevates the traditional shopping experience by allowing customers to complete their purchases directly from their smart carts. The Cust2Mate 3.0 smart cart is designed with an interactive touchscreen, computer vision capabilities, and sophisticated algorithms, offering a personalized and straightforward shopping experience. Shoppers can now enjoy the convenience of picking items and checking out without the hassle of long lines.

The Future of Shopping: Pick-and-Go Convenience

Thanks to the integration of Nayax's payment technology into Cust2Mate 3.0, customers can simply “pick-and-go,” resulting in enhanced efficiency. This innovation not only boosts customer satisfaction but also streamlines overall store operations, paving the way for a more modern retail environment.

A Global Initiative to Revolutionize Retail

The collaboration will focus on promoting and selling the Cust2Mate 3.0 systems equipped with Nayax's payment solutions as complete packages for retailers worldwide. The initial deployment of these advanced smart carts is set to occur in France, with ambitious plans to expand to tens of thousands of smart carts across various markets, creating a transformative impact on retail shopping.

Leadership Perspectives on the Partnership

Yair Nechmad, CEO and Chairman of Nayax, expressed enthusiasm regarding the partnership, stating, "Relocating the point of sale from the checkout lane to the shopping cart is an ingenious way to improve a retailer’s operational efficiency and the shopper’s experience." This sentiment echoes the commitment both companies have towards making shopping easier and more efficient for consumers.

Strengthening Market Reach

Likewise, Gadi Graus, CEO of A2Z Cust2Mate, emphasized the strategic advantage this partnership provides. His insights highlight how integrating Nayax’s seamless payment solution with their smart carts amplifies their market presence and reshapes retail dynamics by enhancing revenue opportunities and reducing operational costs.

About Nayax: A Commerce Enablement Leader

Nayax is more than just a payment processor; it’s a comprehensive commerce enablement platform focused on helping merchants thrive. Its offerings extend to localized cashless payment solutions, management tools, and loyalty systems, empowering businesses to engage with customers anywhere and anytime. Nayax has established itself globally with numerous offices, a large workforce, and partnerships with over 80 merchant acquirers, reinforcing its presence as a pivotal player in the unattended retail sector. Their mission centers on enhancing customer revenue and operational efficiencies, fostering growth across various sales channels.

About A2Z Cust2Mate Solutions Corp.

A2Z Cust2Mate Solutions is at the forefront of technological innovation in retail. The company is recognized for creating the world’s first mobile self-checkout smart cart, the Cust2Mate. This product incorporates an intuitive algorithm and touchscreen interface to streamline the shopping experience. Customers are empowered to scan and pay for items directly in their cart, allowing them to bypass traditional checkout methods completely. This not only speeds up the process for consumers but also optimizes store management, reducing the need for excess manpower and wasted shelf space.

Frequently Asked Questions

What is the main goal of the Nayax and A2Z Cust2Mate partnership?

The partnership aims to integrate Nayax’s payment solutions with A2Z Cust2Mate’s smart carts, enhancing the retail shopping experience by enabling convenient, in-cart checkout.

Where will the initial smart carts be deployed?

The first deployment of these smart carts with Nayax's payment technology will take place in France, with plans to expand globally.

How does the Cust2Mate 3.0 enhance customer experience?

The Cust2Mate 3.0 cart allows customers to scan products and complete payments directly in the cart, eliminating the need for long checkout lines.

What are the benefits for retailers from this collaboration?

Retailers can expect increased operational efficiency, higher customer satisfaction, and potentially more revenue as a result of faster transaction times.

How does Nayax support merchants in the retail sector?

Nayax provides a comprehensive suite of solutions that include cashless payment systems, loyalty tools, and a complete management suite to help merchants grow.

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