EVA Member Nayax, a global commerce enablement and payments platform designed to enable retailers to provide consumers with digital, cashless, connected commerce experiences, and enhance consumer loyalty and conversion, has announced that it will acquire fellow EVA Member On Track Innovations (OTI). OTI develops and sells smart payment solutions for unattended machines with an attractive customer base and strong presence in strategic markets. The acquisition will support Nayax’s continued business expansion.

“This acquisition is an important step in our plan to gain share in our targeted markets and accelerate our growth opportunities in territories such as Japan,” commented Yair Nechmad, Chief Executive Officer and Chairman of Nayax. “OTI has an experienced workforce, a high-quality and loyal customer base as well as significant operations in the automatic refueling system market. This transaction supports Nayax’s strategic business plan, as we constantly explore potential acquisitions with complementary technologies that will support our continued growth,” Nechmad concluded.

nayax.com 

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