Nayax

Corporate brand

Israeli fintech company providing payment, telemetry, monitoring, and business intelligence solutions for unattended and retail commerce.

Last updated August 26, 2026

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Overview

Nayax is an Israeli fintech and commerce-technology company founded in Tel Aviv in 2005 by Yair Nechmad and David Ben Avi. The company began by serving vending-machine operators and other unattended businesses that needed to accept electronic payments without a staffed checkout. Its offering developed around payment terminals, transaction processing, remote telemetry, device management, monitoring, and business-intelligence tools. Nayax's core hardware includes point-of-sale devices that accept magnetic-stripe, contact, and contactless card payments, as well as mobile payments using near-field communication. These terminals are designed for environments such as vending machines, self-service kiosks, amusement locations, car washes, laundromats, parking facilities, and electric-vehicle charging stations. By connecting payment acceptance with telemetry and cloud-based management, Nayax aims to give operators visibility into machine status, sales, inventory, service needs, and customer usage. The company expanded beyond its original vending focus through acquisitions and new product categories. In 2014 it acquired InOne Technologies in the United States, establishing a platform for its American operations. It acquired VendSys in 2016 and VendCheck in 2017, strengthening its vending-management and international operating footprint. Nayax later moved into digital payments, retail marketing, financial services, and electric-vehicle charging. Its portfolio and corporate reach were further broadened through the acquisitions of Modularity, Weezmo, On Track Innovations, and Retail Pro International. Nayax also developed consumer-facing and adjacent financial products. Monyx Wallet, launched in 2020, was positioned as a digital payment application for use in self-service and unattended environments. The company introduced Coinbridge in 2022 as a service intended to convert virtual assets into conventional currency, and it launched Nayax Capital as a financial offering. Its EV-related activity included EV Meter, which combines payment and management capabilities for charging infrastructure. International expansion was supported by registered offices in multiple countries and by regulatory and payment-network developments. Nayax received a Payment Institution licence from the Bank of Lithuania in 2018 and was awarded a Mastercard European Issuer Licence in 2022. It completed an initial public offering on the Tel Aviv Stock Exchange in 2021, described in the reference material as the largest technology IPO in the exchange's history and as having raised $210 million at a reported $1 billion valuation. The company subsequently became listed on Nasdaq in 2022 under the symbol NYAX. Nayax has also pursued partnerships in adjacent markets, including amusement-location technology provider Tigapo and Düzey, a company associated with Koç Holding. Its products have received recognition in vending and self-service-industry awards, including repeated Vendies and EVEX awards for payment systems. Nayax's present identity is that of a global payment and commerce-infrastructure provider for transactions that occur outside conventional staffed retail stores.

History

Nayax was established in Tel Aviv in 2005 by Yair Nechmad and David Ben Avi. Its initial purpose was to provide cashless payment and operational technology to vending operators and other businesses whose machines operated without an attendant. This market required compact payment hardware, reliable connectivity, remote diagnostics, and a way to reconcile transactions across dispersed equipment. Nayax built its early business around those requirements rather than around conventional staffed retail checkout. The company's principal devices accepted magnetic-stripe, contact, and contactless cards, along with mobile NFC payments. Over time, the payment terminal became part of a broader connected-commerce system. Nayax added telemetry, machine monitoring, management tools, and business intelligence so operators could follow usage, identify malfunctions, manage locations, and analyse sales. This combination differentiated the company from a standalone card-terminal provider and supported deployment in vending, kiosks, amusement venues, car washes, laundromats, parking, and other self-service settings. Nayax began expanding geographically and through acquisitions during the 2010s. In 2014 it bought InOne Technologies, a Maryland company that became its United States subsidiary. It acquired VendSys in 2016 and VendCheck in early 2017, with the latter becoming associated with Nayax's Australian operations. The company also received a minority investment from SafeCharge International Group in December 2016. These transactions helped extend Nayax's distribution, local operating capabilities, and software coverage. Product development continued alongside expansion. The PayMarket Kiosk, introduced in 2017, addressed self-checkout use cases. VPOS, VPOS Touch, and later VPOS Fusion formed a family of payment products for unattended environments. Nayax's devices and systems received industry recognition, including Vendies and EVEX awards during the second half of the 2010s and again in 2021. In 2015, the company shipped 43,000 point-of-sale terminals and was ranked 36th in a 2016 annual survey by The Nilson Report. The company diversified beyond vending during the late 2010s and early 2020s. It entered electric-vehicle charging through EV Meter and expanded its digital-payments activity with Monyx Wallet in 2020. It purchased Tel Aviv-based payments start-up Modularity in 2020 and Israeli technology company Weezmo in 2021. The Weezmo transaction supported Nayax's move into retail marketing and a wider connected-retail proposition. Nayax also partnered with Tigapo, which serves amusement locations. Nayax's capital-markets development was a major turning point. In 2021 it completed an initial public offering on the Tel Aviv Stock Exchange. The supplied reference describes the offering as the largest IPO by a technology company in the exchange's history, raising $210 million at a reported valuation of $1 billion, with foreign investors providing most of the funds. In 2022, Nayax added a Nasdaq listing under NYAX. Regulatory and financial-services capabilities became increasingly important. Nayax obtained a Payment Institution licence from the Bank of Lithuania in July 2018 and received a Mastercard European Issuer Licence in 2022. That year it launched Coinbridge, intended to convert virtual assets into currency, and introduced Nayax Capital. It also acquired On Track Innovations, further increasing its payments and unattended-commerce capabilities. In 2023, Nayax acquired Retail Pro International, a global retail point-of-sale software provider. This move broadened the company's addressable market from primarily unattended transactions to a combination of unattended commerce, connected retail, and conventional retail software. Nayax therefore evolved from a specialist vending-payment provider into a broader commerce-infrastructure company, combining transaction acceptance, operational data, machine management, software, and financial services. Its headquarters remain in Herzliya, Israel, while its registered offices and business activities extend across North America, Europe, Asia-Pacific, and other international markets.

2023
Retail Pro International acquisition
[1]Nayaxen.wikipedia.org
Nayax acquires Retail Pro International to expand its retail point-of-sale software capabilities.
2022
Nasdaq listing and financial-services expansion
[1]Nayaxen.wikipedia.org
Nayax lists on Nasdaq, receives a Mastercard European Issuer Licence, launches Coinbridge and Nayax Capital, and acquires On Track Innovations.
2021
Tel Aviv Stock Exchange IPO
[1]Nayaxen.wikipedia.org
Nayax completes its IPO on the Tel Aviv Stock Exchange and acquires Weezmo.
2020
Digital-wallet and payments expansion
[1]Nayaxen.wikipedia.org
Nayax launches Monyx Wallet and acquires Tel Aviv-based digital-payments start-up Modularity.
2019
VPOS Fusion launches
[1]Nayaxen.wikipedia.org
Nayax expands its payment-terminal range with VPOS Fusion.
2018
Payment Institution licence
[1]Nayaxen.wikipedia.org
Nayax receives a Payment Institution licence from the Board of the Bank of Lithuania.
2017
PayMarket Kiosk is introduced
[1]Nayaxen.wikipedia.org
The company adds a self-checkout kiosk to its product portfolio and acquires VendCheck for expansion in Australia.
2016
VendSys acquisition and minority investment
[1]Nayaxen.wikipedia.org
Nayax acquires VendSys and later receives a minority investment from SafeCharge International Group.
2015
43,000 payment terminals shipped
[1]Nayaxen.wikipedia.org
Nayax ships 43,000 POS terminals and is ranked 36th in The Nilson Report's 2016 annual survey.
2014
Acquisition of InOne Technologies
[1]Nayaxen.wikipedia.org
Nayax purchases the Maryland-based company that becomes the basis of its United States subsidiary.
2005
Nayax is founded in Tel Aviv
[1]Nayaxen.wikipedia.org
Yair Nechmad and David Ben Avi establish Nayax to serve vending and other unattended businesses with cashless-payment and connected-management solutions.

Products and positioning

A global payments and connected-commerce platform for unattended retail, vending, self-service, mobility, and selected conventional retail environments.

Payment terminal
VPOS
VPOS is a Nayax payment-terminal platform for vending and other unattended environments. It supports card payments and contactless or mobile transactions, while fitting into Nayax's wider telemetry and transaction-management ecosystem. The product received UK and European vending-industry recognition, including Vendies and EVEX awards.
Payment terminal
VPOS Touch
VPOS Touch is a touchscreen-oriented payment device for self-service commerce. It is designed to provide a more interactive customer interface than a basic payment reader while retaining support for card and contactless transactions. The device won multiple vending and self-service payment awards, including recognition in 2017, 2018, and 2021.
Payment terminal · 2019
VPOS Fusion
VPOS Fusion is a Nayax payment-terminal product introduced in 2019. It forms part of the company's portfolio for unattended retail and connected machines, combining electronic payment acceptance with the operational data and remote-management capabilities associated with Nayax deployments.
Payment terminal
Onyx
Onyx is a Nayax payment device used in unattended and self-service settings. It was recognised as Payment System of the Year at EVEX 2018, reflecting the company's emphasis on combining payment functionality with connected-machine services.
Self-checkout kiosk · 2017
PayMarket Kiosk
PayMarket Kiosk is a self-checkout kiosk introduced by Nayax in 2017. It extends the company's payment and unattended-commerce capabilities from individual vending machines to more structured self-service retail and checkout environments.
Digital payment application · 2020
Monyx Wallet
Monyx Wallet is Nayax's digital payment application, launched in 2020. It supports the company's strategy of connecting consumer payment experiences with unattended retail and self-service locations. The product received recognition in 2022 for a self-service solution associated with COVID-19 use cases.
Financial service · 2022
Coinbridge
Coinbridge is a financial solution launched by Nayax in 2022. The reference material describes it as a service for converting virtual assets into currency, extending Nayax's activities beyond payment acceptance and machine-management technology.
Merchant financial service · 2022
Nayax Capital
Nayax Capital is a financial offering introduced in 2022. Specific product terms and eligibility details are not provided in the supplied reference material, but its launch illustrates Nayax's move toward additional financial services for businesses using its commerce platform.
Electric-vehicle charging technology
EV Meter
EV Meter represents Nayax's activity in electric-vehicle charging infrastructure. Its role is associated with payment, monitoring, and management capabilities for charging stations, applying Nayax's unattended-commerce model to the growing EV-charging market.
Retail point-of-sale software
Retail Pro
Retail Pro is the retail point-of-sale software business acquired by Nayax in 2023. It gives Nayax a stronger presence in conventional retail software alongside its established unattended-payment and connected-machine businesses.

Brand decisions

2023
Acquire Retail Pro InternationalM&A
Background
Nayax aimed to serve a wider range of retail businesses beyond vending and other unattended locations.
Action taken
Nayax acquired Retail Pro International, a global retail point-of-sale software provider.
Aftermath
The transaction strengthened Nayax's position in retail point-of-sale software and connected commerce.
Source
2022
Expand into financial servicesStrategy
Background
Nayax was broadening its role from payment acceptance and connected devices into adjacent financial products.
Action taken
The company launched Coinbridge and Nayax Capital and obtained a Mastercard European Issuer Licence.
Aftermath
These moves expanded the company's financial-services and payment-network capabilities.
Source
2022
Acquire On Track InnovationsM&A
Background
Nayax continued consolidating payment and unattended-commerce technology.
Action taken
Nayax purchased On Track Innovations.
Aftermath
The acquisition added to Nayax's payment-technology platform.
Source
2021
Acquire WeezmoM&A
Background
Nayax was expanding from payments and machine telemetry into broader retail marketing and connected commerce.
Action taken
Nayax acquired Israeli technology start-up Weezmo.
Aftermath
The acquisition added retail-marketing capabilities to the company's platform.
Source
2021
Complete Tel Aviv Stock Exchange IPOOther
Background
Nayax required capital to support international expansion, product development, and acquisitions.
Action taken
The company completed an initial public offering on the Tel Aviv Stock Exchange.
Aftermath
The supplied reference describes the transaction as the largest high-tech IPO in TASE history, raising $210 million at a reported $1 billion valuation.
IPO proceeds and reported valuation. $210 million raised; reported valuation of $1 billion (2021 IPO)
Source
2020
Launch Monyx WalletProduct launch
Background
Nayax sought to extend its payment infrastructure into consumer-facing digital experiences.
Action taken
The company launched Monyx Wallet as a digital payment application.
Aftermath
Monyx Wallet became part of Nayax's self-service and unattended-commerce product portfolio and later received an industry award for a COVID-19-related solution.
Source
2016
Acquire VendSysM&A
Background
Nayax was broadening its vending technology proposition from payment hardware toward operator and machine-management capabilities.
Action taken
Nayax acquired VendSys in July 2016.
Aftermath
The transaction strengthened Nayax's vending-focused technology portfolio.
Source
2014
Acquire InOne TechnologiesM&A
Background
Nayax needed a stronger operating and commercial base in the United States as it expanded beyond its Israeli origins.
Action taken
The company purchased Maryland-based InOne Technologies and incorporated it into its US operations.
Aftermath
The acquired business became Nayax's US subsidiary, known as Nayax LLC.
Source

Recent events

2023
Nayax acquires Retail Pro International[1]Nayaxen.wikipedia.org
M&A
Nayax acquired Retail Pro International, a provider of retail point-of-sale software, to extend its reach into global retail technology.
2022
Nayax receives Mastercard European Issuer Licence[1]Nayaxen.wikipedia.org
Regulation
Nayax was awarded a Mastercard European Issuer Licence, supporting the expansion of its payment and financial-services activities.
2022
Nayax becomes listed on Nasdaq[1]Nayaxen.wikipedia.org
Other
Nayax added a Nasdaq listing under the ticker NYAX after its earlier Tel Aviv listing.
2022
Nayax acquires On Track Innovations[1]Nayaxen.wikipedia.org
M&A
The acquisition brought On Track Innovations into Nayax's payments and unattended-commerce platform.
2021
Nayax completes Tel Aviv Stock Exchange IPO[1]Nayaxen.wikipedia.org
Other
Nayax became publicly traded on the Tel Aviv Stock Exchange in an IPO described as the largest high-tech offering in the exchange's history.
2021
Nayax acquires Weezmo and expands retail-marketing capabilities[1]Nayaxen.wikipedia.org
M&A
The acquisition of Israeli technology start-up Weezmo broadened Nayax's activities in retail marketing and connected commerce.
2018
Nayax receives a Bank of Lithuania Payment Institution licence[1]Nayaxen.wikipedia.org
Regulation
The company obtained regulatory authorisation as a Payment Institution from the Board of the Bank of Lithuania.
2016
Nayax expands its vending-management portfolio with VendSys[1]Nayaxen.wikipedia.org
M&A
The company acquired VendSys as part of its expansion in vending technology and operator-management software.
2014
Nayax acquires InOne Technologies[1]Nayaxen.wikipedia.org
M&A
Nayax purchased Maryland-based InOne Technologies, which became the foundation of its United States subsidiary.

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