Nayax partners with ChargeSmart EV to enhance cashless payment solutions for expanding U.S. electric vehicle charging network.
Quiver AI Summary
Nayax Ltd. has announced a strategic partnership with ChargeSmart EV, a rapidly growing EV charging network in the U.S., to support its nationwide expansion. Under this agreement, Nayax will become ChargeSmart's preferred cashless payments provider and will deploy its VPOS Touch card readers, aiming to launch thousands of new DC fast chargers. ChargeSmart will also transition to Nayax’s Commerce SDK payment solution, enhancing the user experience by unifying in-app and on-site payment transactions. This collaboration aims to improve the accessibility and convenience of EV charging infrastructure, providing a reliable and seamless payment solution for drivers and operators alike. Both companies emphasize their commitment to advancing the EV charging market through innovative and user-friendly technology.
Potential Positives
- Nayax has secured a strategic partnership with ChargeSmart, increasing its presence in the fast-growing EV charging market as ChargeSmart's preferred cashless payments provider.
- The long-term agreement is set to expand the deployment of Nayax's VPOS Touch card readers to support the launch of thousands of new DC fast chargers across the U.S.
- Nayax will introduce its Commerce SDK payment solution for EV charging, enhancing the user experience by integrating in-app and on-site transactions within a single platform.
- This collaboration strengthens Nayax’s reputation as a leader in payment solutions for EV charging stations and aims to enhance the overall accessibility and convenience of EV infrastructure in the United States.
Potential Negatives
- While the partnership with ChargeSmart is a significant opportunity for Nayax, it also raises concerns about reliance on a single partner for growth in the EV charging market, which may expose the company to risks if ChargeSmart's expansion does not proceed as planned.
- The transition to a new payment solution, Nayax’s Commerce SDK, could lead to operational disruptions during implementation, potentially affecting customer satisfaction and the overall user experience until fully adopted.
- Without additional details on the terms of the partnership or projected performance metrics, there may be skepticism about the long-term viability and financial impact of this collaboration, leading to uncertainty among investors.
FAQ
What is the partnership between Nayax and ChargeSmart EV about?
Nayax and ChargeSmart EV have partnered to enhance EV charging networks with Nayax as the preferred cashless payment provider.
How will Nayax's VPOS Touch readers benefit ChargeSmart?
The VPOS Touch card readers will simplify payment processes and support the expansion of ChargeSmart’s DC fast charging stations nationwide.
What is the Nayax Commerce SDK payment solution?
The Nayax Commerce SDK is a new payment solution for EV charging that unifies in-app and on-site transactions for a seamless user experience.
What impact will this partnership have on EV charging accessibility?
This collaboration aims to enhance the accessibility and convenience of public and commercial EV charging infrastructure across the United States.
Why is Nayax a leader in payment solutions for EV charging?
Nayax is recognized for its reliability, multi-payment flexibility, and strong uptime, making it a preferred choice for EV charging payment solutions.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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Full Release
HERZLIYA, Israel, Oct. 08, 2025 (GLOBE NEWSWIRE) -- Nayax Ltd. (Nasdaq: NYAX; TASE: NYAX), a global commerce enablement and payments platform designed to help merchants scale their business by simplifying payments and maximizing loyalty, today announced a strategic partnership with ChargeSmart EV (ChargeSmart), one of the fastest-growing EV charging networks in the United States, to support its continued nationwide expansion.
As part of the partnership, ChargeSmart has named Nayax as its preferred cashless payments provider, signing a long-term agreement to expand the deployment of Nayax VPOS Touch card readers, with the expectation to launch thousands of new DC fast chargers over the coming years. To further enhance its user experience, ChargeSmart will adopt and transition to Nayax’se Commerce SDK payment solution, a new product line for EV Charging which will be officially launched in the United States in the coming weeks, for its mobile application, creating a truly omnichannel payment experience that unifies in-app and on-site transactions within a single Nayax platform. This integration eliminates the need for multiple payment providers, enhancing reliability, simplifying operations, and delivering a seamless, consistent experience for both drivers and operators.
“Our collaboration with ChargeSmart EV reinforces Nayax’s strategy of being a payment solution leader for EV charging stations,” said Aaron Greenberg, Chief Strategy Officer, Nayax. “With our proven reliability, multi-payment flexibility, and best-in-class uptime, we’re proud to power a network that shares our vision for a comprehensive, reliable payment solution and customer experience in the EV charging market.”
“This partnership with Nayax represents a major step forward for ChargeSmart,” said Christian Spenziero, Managing Member of ChargeSmart. “Nayax’s omnichannel payment technology provides the reliability and flexibility we need to scale our network across the U.S., while giving drivers a seamless and consistent payment experience, whether at the charger or through our app.”
Through this agreement, Nayax and ChargeSmart aim to strengthen the accessibility and convenience of public and commercial EV charging infrastructure across the United States, bringing smarter, connected, and more user-friendly solutions to the fast-growing U.S. EV ecosystem.
About Nayax
Nayax is a global commerce enablement, payments, and loyalty platform designed to help merchants scale their business. Nayax offers a complete solution including localized cashless payment acceptance, management suite, and loyalty tools, enabling merchants to conduct commerce anywhere, at any time. With foundations and global leadership in serving unattended retail, Nayax has transformed into a comprehensive solution focused on our customers’ growth across multiple channels. As of June 30, 2025, Nayax has 12 global offices, approximately 1,200 employees, connections to more than 80 merchant acquirers and payment method integrations, and is globally recognized as a payment facilitator. Nayax’s mission is to improve our customers’ revenue potential and operational efficiency — effectively and simply. For more information, please visit www.nayax.com .
About ChargeSmart EV
ChargeSmart EV is a turnkey provider of electric vehicle charging solutions, dedicated to advancing sustainable transportation through smart, reliable, and accessible charging technology. Serving commercial properties, municipalities, hospitality groups, and multifamily developments, ChargeSmart EV delivers end-to-end solutions—from design and permitting to installation and activation—helping clients build profitable, future-ready EV charging programs. For more information, visit www.chargesmartev.com .
Public Relations Contact:
Scott Gamm
Strategy Voice Associates
[email protected]
Investor Relations Contact:
Aaron Greenberg
Chief Strategy Officer
[email protected]