Nayax Launches Automated Self-Service in El Salvador, Accelerating Expansion into Latin American Market
November 21 2024 - 6:30AM
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 launch its end-to-end automated self-service
payment solution across El Salvador, enabling consumers to make
secure cashless payments at automated machines with VPOS Touch™
devices.
Nayax will work with trusted local partners to
enable Salvadoran operators to join our global community of more
than 90,000 customers, improving their customer experience with
flexible, cashless payments and advanced loyalty programs.
As an initial stage, Nayax will install hundreds
of VPOS Touch™ devices in diverse locations across El Salvador,
including shopping malls, office buildings, universities,
hospitals, and transportation hubs.
Expansion to El Salvador is part of Nayax’s
strategy to accelerate growth across the Latin American region,
delivering innovative payment solutions to the rapidly growing and
underserved network of automated self-service merchants. Nayax has
invested deeply in full Spanish-language commercial and technical
support across every line of business to streamline operations and
provide the best possible client experience.
“We are proud to offer our automated
self-service solutions to the Salvadoran market, marking a major
milestone in our planned expansion across Latin America,” said Oren
Tepper, Chief Commercial Officer of Nayax.
About NayaxNayax 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.
Forward-Looking StatementsThis 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.
Public Relations Contact: Scott Gamm
Strategy Voice Associates
Scott@strategyvoiceassociates.com
Investor Relations Contact: Aaron
Greenberg Chief Strategy Officer
IR@nayax.com
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