Nuvei and Nayax Partnership to Revolutionize Electric Vehicle Charging Payments

MONTREAL, QC, Nov. 16, 2023 /CNW/ — Nuvei Corporation (“Nuvei”), a Canadian fintech company, has recently collaborated with Nayax, a global commerce enablement platform, to enhance the payment experience at electric vehicle (EV) charging stations across North America. This partnership aims to provide a seamless and efficient cashless payment solution for EV drivers, allowing them to utilize their preferred payment methods across thousands of charging points.

By leveraging Nayax’s embedded payment system, customers of Circle K and Couche-Tard, two prominent gas station and convenience store brands, will have the convenience of paying through various cashless and contactless methods like credit, debit, and prepaid cards. The transactions will be facilitated by Nuvei’s payment processing services, optimizing acceptance and streamlining the user experience.

Couche-Tard, a leader in the convenience store industry and road transportation fuel retail in Canada, operates in 25 countries and territories, with over 14,400 stores worldwide. Circle K gas stations and convenience stores are also present in 24 countries. With the growing popularity of electric vehicles, Couche-Tard recognizes the importance of providing hassle-free payment options at charging points to meet consumer demands.

Philip Fayer, Nuvei’s CEO, expressed excitement about the partnership, stating, “We are thrilled to partner with Nayax to bring an industry-leading payments solution to the EV charging market. We expect the growth of electric vehicles to continue, and we’re excited about the solution we’re providing to upgrade the EV charging experience for consumers.”

Yair Nechmad, Nayax’s CEO, echoed the sentiment, emphasizing, “Electric Vehicle charging is one of the fastest growing use cases in unattended payment terminal solutions. We are pleased to stand alongside Nuvei and provide our solution to the Alimentation Couche-Tard Group.”

This collaboration between Nuvei and Nayax showcases their commitment to driving innovation in the EV charging sector. By optimizing payments and user experience, this partnership will contribute to the seamless transition towards a cashless society in the growing electric vehicle market.

FAQs

1. What is Nayax?

Nayax is a global commerce enablement, payments, and loyalty platform that assists merchants in increasing revenue and reducing operational costs. Their comprehensive solution includes cashless payment acceptance, a management suite, and consumer engagement tools.

2. What are the benefits of this partnership?

The partnership between Nuvei and Nayax aims to provide a seamless and efficient cashless payment experience for electric vehicle drivers at charging stations. It allows customers to pay using various cashless and contactless methods, enhancing convenience and ensuring a smooth transaction process.

3. Which brands will benefit from this collaboration?

Circle K and Couche-Tard, two leading gas station and convenience store brands, will benefit from this partnership. Their thousands of electric vehicle charging points in Canada will be upgraded with Nuvei and Nayax’s payment solutions, providing a consistent and convenient experience for EV drivers.

4. How will Nuvei and Nayax optimize payments acceptance?

Nuvei will process transactions made through Nayax’s unattended payment terminals, optimizing payments acceptance to ensure a seamless experience for EV drivers. By streamlining the payment process, both companies aim to support the continued growth of electric vehicles and enhance the charging experience for consumers.

5. What is the significance of this partnership for the EV charging market?

This partnership signifies the commitment of Nuvei and Nayax to revolutionize the payment experience at EV charging stations. With the increasing adoption of electric vehicles, providing a seamless and convenient payment solution is crucial in meeting consumer demands and ensuring a smooth transition towards sustainable transportation.