Nayax, a global payments platform and SECO announced signing a Memorandum of Understanding (MoU) with the aim establishing a long-term strategic partnership to embed Nayax-powered payments within SECO products.
The collaboration will start with a payment-enabled smart screen designed as an all-in-one solution for the next generation of intelligent vending machines, micro markets, smart coolers and automated self-service retail machines.
Embedding Nayax’s payment infrastructure within SECO’s products will also empower businesses to manage their payment flows and automated self-service points of sale through Clea, SECO’s end-to-end IoT-AI software platform that securely collects, analyses, and manages connected device data in real time to enable intelligent automation and cross-functional business insights.
Together, Nayax and SECO will offer a joint value proposition of lower operational costs, advanced telematics, and flexible integrated payments, built for easy integration by OEMs across their product lineups.
“Our partnership with SECO propels Nayax toward new frontiers in automated self-service retail, harnessing SECO’s extensive OEM network to extend our commercial reach into high-demand markets worldwide and acclerate broader adoption of our embedded payment platform,” said Oren Tepper, Chief Commercial Officer of Nayax. “We’re proud to work with SECO to offer game-changing, fully embedded payment solutions which unify telematics, analytics, and frictionless transactions under one umbrella.”
“Partnering with Nayax allows SECO to embed a versatile and powerful global payment platform directly into our connected screens and devices, bolstering our competitive position and delivering exceptional value for our OEM customers across key verticals like vending, coffee, and electric vehicle supply equipment,” added Fausto Di Segni, Head of IoT & AI Europe at SECO. “We will unite robust IoT management, engaging displays, and embedded payments to streamline deployment and cut costs for OEMs and their end-customers.”
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