Nuvei and Nayax join forces to upgrade unserved payment terminals for electric vehicle charging points in North America
MONTREAL, QC, November 16, 2023 /CNW/ — Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, today announced that it is providing payment solutions to Nayax (Nasdaq: NYAX; TASE: NYAX) , a global merchant payment and loyalty platform designed to help merchants grow their business and specializing in cashless payment solutions and unattended payment terminals. Together, Nuvei and Nayax enable Circle K and Couche-Tard, two leading gas station and convenience store brands, to accept cashless payments at their thousands of electric vehicle (EV) charging points in Canada. This will enable a seamless customer experience, ensuring EV drivers can use the same cashless payment methods they currently use when making purchases at existing petrol stations.
Nayax EV’s embedded payment system allows Circle K and Couche-Tard customers to pay via multiple forms of cashless and contactless payments, including credit, debit and prepaid cards. Transactions through Nayax unattended payment terminals are processed by Nuvei to optimize payment acceptance and optimize the user experience.
Couche-Tard is a global leader in convenience and mobility, operating in 25 countries and territories, with more than 14,400 stores, of which approximately 10,800 offer automotive fuel. With its recognized Couche-Tard and Circle K banners, it is one of the largest independent store operators in United States and a leader in the automotive fuel stores and retail industry Canada. The leading brand Couche-Tard has over 600 locations in Quebec, Canada. Circle K gas stations and stores are in 24 countries around the world.
Philip FaierChairman and CEO of Nuvei commented on the announcement: “We are excited to partner with Nayax to bring an industry-leading payments solution to the EV charging market and launch our solution with two of the most recognizable gas station and convenience store brands in North America. We expect the growth of electric vehicles to continue to accelerate in the coming years and are excited about the solution we are providing to improve the EV charging experience for consumers.”
Yair NehmadNayax CEO added: “Electric vehicle charging is one of the fastest growing use cases in unattended payment terminal solutions. As an established provider of payment solutions for major players in the EV charging sector, we are pleased to stand alongside Nuvei and provide our solution to the Alimentation Couche-Tard Group.”
Couche-Tard Food Operations Manager, Stéphane Drapeau-Bouchardcommented: “We are optimistic about the future of EVs and the role charging points will play in growing and protecting our brands going forward. Consumers want to pay at charging points as conveniently as possible, so being able to offer best-in-class payment options will allow us to stay ahead of the competition as we expand our EV charging point offering, which is why we’re excited to this partnership with Nuvei and Nayax.”
About Nuvei
Nuvei (Nasdaq: NVEI) (TSX: NVEI) is the Canadian fintech company that accelerates the businesses of clients around the world. Nuvei’s modular, flexible and scalable technology enables leading companies to accept next-generation payments, offer all payout options and leverage card issuance, banking, risk and fraud management services. Connecting businesses to their customers in more than 200 markets, with local acquisition in 47+ markets, 150 currencies and 669 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with a single integration.
For more information, visit www.nuvei.com
It’s about me
Nayax is a global commerce, payments and loyalty platform designed to help merchants increase revenue while reducing operational costs. Nayax offers a complete solution, including localized cashless payment acceptance, a management suite and user engagement tools, enabling merchants to transact anywhere, anytime. With foundations and global leadership in serving unserved retail stores, Nayax has transformed into a complete solution focused on the growth of our customers across multiple channels. Today, Nayax has 9 global offices, approximately 800 employees, relationships with more than 80 merchant acquirers and integrated payment methods, and is a recognized global payment facilitator. Nayax’s mission is to improve the revenue potential and operational efficiency of our clients. For more information, please visit www.nayax.com
About Alimentation Couche-Tard Inc.
Couche-Tard is a global leader in convenience and mobility, operating in 25 countries and territories, with more than 14,400 stores, of which approximately 10,800 offer automotive fuel. With its well-known Couche-Tard and Circle K banners, it is one of the largest independent store operators in United States and is a leader in the automotive fuel stores and retail industry CanadaScandinavia, the Baltic, as well as in Ireland. It also has an important presence in Poland and Hong Kong Special Administrative Region The People’s Republic of China. Approximately 128,000 people are employed across the network.
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