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Online Payments

SafeCharge steps up investement in Nayax

Monday 12 February 2018 | 10:54 AM CET

SafeCharge, a payments technology company, has invested in Nayax, a global cashless payment solutions provider for the unattended machine industry.

SafeCharge made its initial investment in Nayax in December 2016 and the current one takes the total investment by SafeCharge to approximately USD 24.5 million in order to support Nayax’s international expansion in cashless payment solutions.

The investment in Nayax is important for SafeCharge’s omnichannel strategy. SafeCharge has a strategy to expand within the offline market by focusing on the high growth "cashless" sub-segment and cashless payments for the unattended machine industry in which Nayax specialises.

SafeCharge’s investment will strengthen the operational collaboration between the two companies, with expected processing of more than EUR 500 million of Nayax transactions through the SafeCharge acquiring platform over the next 4 years.

For more information about SafeCharge, please check out a detailed profile of this company in our dedicated, industry-specific online company database.

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