In episode 78 of The Payments Show Podcast, I spoke to Yair Nechmad who is the Founder of Nayax.
Nayax provides businesses with payment solutions for Point of Sale and Unattended Retail such as Vending, Parking, EV Chargers, Car Washes and more.
VIDEO and PDF Transcript:
- click here https://thepaymentsshow.substack.com/p/78
Summary of topics discussed:
[00:00] - Further Information
[00:28] - Introduction
[01:19] - Start
[02:33] - Nayax Company Overview
[04:20] - High Volume, Low Transaction Value
[05:28] - Total Cost of Ownership: Transparency and Efficiency
[07:03] - TCO of Cash Payments: Not Crossing 7% Cost of Cash
[09:24] - Switching Millions of Cash Systems to Cashless
[11:38] - Physical Installation Made Easy
[14:02] - Analytics, Reporting & Alerts... For The First Time Ever!
[15:44] - Network Connectivity for Machines (with Waterfall Capability)
[18:48] - Leading Verticals for Vending Machines
[19:23] - Promising New Vertical: EV Chargers
[21:43] - Current and Future Markets Served
[28:10] - Nova Market: Grocery Self-Checkout
[30:52] - Net New Business Opportunities Not Possible with Cash
[33:29] - Loyalty and Engagement: Digital Receipts as a Landing Page
[37:30] - Nayax Business Model: 3 Pillars
[38:57] - Nayax is a Complete End to End, One Stop Solution
[40:10] - Nayax Technology Partners
[41:30] - Low Customer Churn Rate
[42:44] - Get in Touch with Nayax
[43:10] - The Future
And much more…
Details:
- Recorded in Jun 2023
- Host: Satwant Phull
- Guest: Yair Nechmad, Founder, Nayax
[Next Steps]
- Get in touch with Satwant: digitalmoneylab.com
- Nayax: nayax.com | @NayaxGlobal