Fintech companies Nayax and Adyen have formed a long-term partnership to provide cashless payment technology to EV charging businesses.

Under the partnership, Netherlands-headquartered Adyen will join Nayax’s network of acquiring banks and integrate the company’s end-to-end payment and loyalty platform into Adyen’s single global platform. This will enable Israel-based Nayax, which provides payment processing devices and software for EV Charge Point Operators (CPOs), to expand into new regions such as Latin America and Asia-Pacific.

Nayax and Adyen will use a new global omnichannel payment service provider solution built for CPOs, which they will integrate using a mobile payment software development kit to support seamless card and online payments. The aim is to help resolve “significant operational issues for CPOs, which grapple with the complexities of reconciling payments between multiple providers,” according to the companies.

“Adyen is joining forces with Nayax to help further drive the platform’s offering in the fast-growing EV charging and automated self-service verticals,” said Roelant Prins, Chief Commercial Officer at Adyen.

Source: Nayax