NEWS
NEWS
Nayax Partners with Adyen to globally expand electric vehicle charging and automated self-service payments infrastructure
Nayax , a global commerce enablement , payments and loyalty platform designed to help merchants scale their business , and Adyen , the global financial technology platform of choice for leading companies , has announced a long-term strategic partnership to drive the seamless global delivery of cashless payment technology to businesses in the Electric Vehicle ( EV ) charging and automated self-service industries .
With this partnership , Adyen joins Nayax ’ s network of acquiring banks and Nayax ’ s end-to-end payment and loyalty platform will be integrated into Adyen ’ s single global platform . This allows Nayax to expand into new regions such as Latin America and APAC , while also significantly lowering operational costs associated with ongoing operations as a payment facilitator and entering into new markets . for CPOs , which grapple with the complexities of reconciling payments between multiple providers . Currently , Nayax provides payment processing devices and software globally for many of the largest CPOs .
“ Partnering with Adyen , one of the most innovative financial technology companies globally , provides Nayax with a long-term strategic partner that can support the fast-paced international growth of our business ,” said Aaron Greenberg , Chief Strategy Officer at Nayax . “ We believe our expansion into e-commerce , which will begin with EV charging and expand into other verticals , will be a significant catalyst of our company ’ s growth .”
At the centre of Nayax and Adyen ’ s partnership is a forthcoming first-of-its-kind global omni-channel payment service provider solution specifically built for EV Charge Point Operators ( CPOs ). The soon-to-be-launched EV payments solution will be integrated using a mobile payment software development kit ( SDK ) to foster the seamless integration of both card present and online payments , resolving significant operational issues
Revolut doubles down on business accounts and launches Revolut BillPay as global annualised revenues surpass US $ 500 million
Revolut , the global FinTech with more than 45 million customers worldwide , has announced it is doubling down on business accounts as global annualised revenues of its businessto-business ( B2B ) offering , Revolut Business , have surpassed US $ 500mn . Globally , monthly processed transaction volume has reached £ 17bn .
The news comes as Revolut continues to expand its footprint globally with the launch of Revolut Business in Singapore – benefitting global businesses with Singaporean operations and introducing a tech-first business account solution to a market underserved by legacy banks . This move brings the total number of markets where Revolut Business is living to 40 . That accelerated growth is set to continue as Revolut Business onboards over 20,000 businesses each month , who are joining hundreds of thousands of monthly active businesses .
Building on this momentum , Revolut has launched Revolut BillPaY to further meet the growing demand for better business accounts . Integrated with major accounting softwares , including QuickBooks , Xero and FreeAgent , Revolut BillPay is designed to save time managing and paying bills to suppliers in over 150 destinations with just a few clicks . Businesses can minimise manual effort , benefit from spend controls and approval rules , and gain complete oversight of their operations , freeing up time for business growth .
James Gibson , Head of Revolut Business , said : “ In the last year , we ’ ve made huge strides forward in our mission to be the number one finance automation system for businesses and we recently brought the product to Singapore . With the support of a significant and growing number of customers behind us , we ’ re aggressively doubling down on B2B and are ready to revolutionise business accounts for even more businesses around the world ”. www . intelligentfin . tech
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