Nayax and SECO Join Forces for Innovative Payment Solutions
HERZLIYA, Israel and AREZZO, Italy – Nayax Ltd. (Nasdaq: NYAX; TASE: NYAX), an innovative commerce enablement platform, and SECO S.p.A. (IOT.MI), a frontrunner in technologically advanced solutions for industrial digitalization, have announced an exciting strategic partnership. This collaboration is set to integrate Nayax's payment technology within SECO's products, starting with a smart payment-enabled screen tailored for next-generation vending machines and automated retail solutions.
Transforming the Self-Service Experience
Both Nayax and SECO are committed to creating an unparalleled experience. By combining their expertise, they aim to deliver fully integrated IoT solutions that facilitate secure, seamless payments and intelligent remote management for businesses operating automated self-service points of sale. This partnership will enable Original Equipment Manufacturers (OEMs) to access cost-effective hardware, enhanced by SECO's cutting-edge IoT technology and Nayax's flexible payment systems.
Empowering Businesses with Intelligent Solutions
The integration of Nayax’s robust payment system into SECO’s offerings represents a significant leap forward. This collaboration empowers organizations to streamline their payment processes and leverage SECO's end-to-end IoT-AI software platform, Clea. Clea provides real-time data collection and analysis, which supports intelligent automation and promotes smart business strategies. Together, Nayax and SECO intend to redefine the business landscape for OEMs by minimizing operational costs and enhancing efficiency through advanced telematics and integrated payments.
Leadership Insights on the Partnership
Oren Tepper, Chief Commercial Officer of Nayax, expressed enthusiasm for this partnership, emphasizing how it accelerates their reach into critical market sectors worldwide. He stated, “Our partnership with SECO propels Nayax toward new horizons in automated self-service retail, allowing us to leverage SECO’s vast OEM network and facilitating the widespread adoption of our embedded payment platform.” This move reflects a strategic understanding of the potential for automation and digitization in retail.
Competitive Advantages for OEMs
Fausto Di Segni, Head of IoT & AI Europe at SECO, highlighted that the partnership not only enhances SECO’s position in the market but also delivers exceptional advantages to their OEM customers. By providing a powerful global payment platform directly into their devices, manufacturers in various sectors, including vending and electric vehicle supply equipment, will benefit from streamlined deployments. The integration aims to simplify payment systems, thereby cutting costs for end users significantly.
Invitation to Explore at the Embedded World Trade Show
As Nayax and SECO gear up to display their joint solutions, they invite OEMs to visit SECO's booth at the Embedded World Trade Show in Nuremberg. This event will highlight the transformative impact of their integrated solutions on business operations, presenting unique advantages to enhance competitiveness.
About SECO
SECO (IOT.MI) is a pioneering tech firm dedicated to providing advanced solutions for industrial digitalization. Offering a comprehensive range of hardware and software, SECO empowers businesses to harness edge computing, IoT, data analytics, and artificial intelligence effectively. With services spanning multiple sectors, including healthcare and industrial automation, SECO supports over 450 customers globally to enhance operational efficiency through live monitoring and smart control systems.
About Nayax
Nayax ensures businesses thrive by enabling efficient commerce operations across various channels. With its comprehensive suite of cashless payment solutions, management tools, and loyalty programs, Nayax assists businesses in maximizing revenue potential and operational efficiency. The company continues to expand with over 1,100 employees worldwide and numerous partnerships with merchant acquirers to drive innovation in unattended retail.
Frequently Asked Questions
What is the main goal of the Nayax and SECO partnership?
The partnership aims to integrate Nayax's payment solutions into SECO's products, enhancing automated retail experiences and enabling seamless transactions.
How will this partnership benefit OEMs?
OEMs will have access to advanced IoT capabilities and flexible payment solutions, reducing operational costs and improving service quality.
Where can I learn more about these solutions?
Interested parties can visit SECO at the Embedded World Trade Show to discover more about the solutions provided by Nayax and SECO.
What sectors can benefit from SECO's technology?
SECO's technology spans multiple sectors, including medical, industrial automation, vending, and transportation.
How does Nayax's platform improve payment handling?
Nayax's platform offers comprehensive cashless payment acceptance solutions, ensuring effective management and optimization of payment flows for businesses.
